Finance Highlights 2008 0219 - Laserfiche WebLink

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• Service and Supplies expenditures are projected to be under budget due to the addition of contract fire services with LLNL which changes shared allocation percentage for the City from 30.43% to 26.92%. • Lease purchase cost for heart monitors is not included in the approved budget due to the cost being unknown to ACFD at the submission of the proposed budget. The Second Quarter's invoice includes lease payments for January to March 2008. Quarterly Payment Reconciliation The method of payment used by the City is to make 4 quarterly payments to the Fire Department. The Fire Department provides the City with a quarterly invoice that reconciles actual expenditures with the quarterly payment made by the City. The City had a credit balance of $40,240 at the end of First Quarter. The City applied the credit balance of $40,240 towards the Second Quarter payment. Second Quarter reconciliation shows the City with a credit balance of $225,500. The following is a summary of year-to-date reconciliation: Credit (Under) / Credit Service for Quarterly Applied Qver Applied by Credit FY 2007-08 Pmt B Ci Ci Paid `Actual Ex Pa ent ACFTJ - Balance FY 2006-07 $56,627 Balance 15`Quarter $3,982,784 $0 $3,982,784 $3,999,171 ($16,387) ($16,387) $40,240 2"d Quarter $3,982,784 ($40,240) $3,942,544 $3,757,284 $225,500 $225,500 Should you have questions or require additional information concerning this billing statement, please call me or Deputy Chief, Dave Rocha at (510) 693-3402. Sincerely, Sheldon D. Gilbert Fire Chief SDG~L,Hah Attachments cc: Dave Rocha, ACFD Deputy Chief, Support Services Steve Hollister, Assistant City Manager, City of San Leandro Accounts Payable, City of San Leandro H:/FY 2007-08/Quarterly Reports/San Leandro Quarterly Report 07-08