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o Actual health premium costs are lower than budgeted Kaiser Family <br />rate. <br />• Service and Supplies expenditures are under budget due to the addition of <br />contract fire services with LLNL which changes shared allocation <br />percentage for the City from 30.43% to 26.92% and department spending <br />control. <br />• Countywide Overhead is under budget due to the addition of contract fire <br />services with LLNL which changes shared allocation percentage for the <br />City from 30.43% to 26.92%. <br />• Lease purchase cost for heart monitors is not included in the approved <br />budget due to the cost being unknown to ACFD at the submission of the <br />proposed budget. <br />Year-End Payment Reconciliation <br />The method of payment used by the City is to make 4 quarterly payments to the <br />Fire Department. The Fire Department provides the City with a quarterly invoice <br />that reconciles actual expenditures with the quarterly payment made by the City. <br />The City had a credit balance of $194,240 at the end of Third Quarter. The Fourth <br />Quarter actual expenditures are $131,465 higher than the quarterly payment made <br />by the Ciry. ACFD applied $131,465 from the credit balance towards the Fourth <br />Quarter's underpayment. Year-end reconciliation shows the City with a credit <br />balance of $62,775. <br />The following is a summary of year-end reconciliation: <br /> Credit (Under) / Credit <br />Service for Quarterly. ,Applied Qver Applied by Credit <br />FY 2D07;-08. Pmt B Ci ' . Ci Paid Actual E - ` Pa `went ACFD '` Balance <br />FY 2006-07 <br />Balance $56,627 <br />15`Quarter $3,982,784 $0 $3,982,784 $3,999,171 ($16,387) ($16,387) $40,240 <br />2°d Quarter $3,982,784 ($40,240) $3,942,544 $3,757,284 $225,500 $225,500 <br />3rd Quarter $3,982,784 $0 $3,982,784 $4,014,044 ($31,260) ($31,260) $194,240 <br />4th Quarter $3,982,784 $0 $3,982,784 $4,114,249 ($131,465) ($131,465) $62,775 <br />