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Document #12B - FY 2010 Preliminary Year-End Report

Document #12B - FY 2010 Preliminary Year-End Report

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Published by Gary Romero

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Published by: Gary Romero on Jan 24, 2011
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01/24/2011

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Document #12BBoard of Library Trustees Meeting
The District of Columbia Public LibraryFY 2010 Preliminary Year-End Report
Wednesday, January 26, 2011
1
 
FY 2010 Budget Status
F
or the period ending September 30, 2010 (as of January 3, 2011) - Unaudited:Approximately 97.3% of the Gross budget and 99.1% of the Local budget wereexpended.This equates to a Gross budget surplus of $1.12M, chiefly due to a surplus of $757.9K in the special purpose (³O´ Type) revenue fund. During the course of theyear, the budget authority was increased to offset any potential overspending or budget reductions in the local budget. However, this proved to be unnecessary. Of the $757.9K, $157K represents budget authority only; as a result of uncollected E-Rate revenue. The remaining $600K does not represent a loss of revenue, but hasbeen carried over for DCPL¶s use this fiscal year (
FY
2011).The Local budget surplus is $367.4K and is primarily the result of the October returnof approximately one-quarter of DCPL¶s fixed costs budget. Of the $367.4Ksurplus, $211K or 57.4% is in fixed costs and another $82K of the equipmentbudget was on hold by the Department of Real Estate Services (DRES) for their overestimation of fixed costs. The residual $74K represented remaining balancesfor various services and contracts.
F
ederal grant spending was $1.19M. The federal grant fund shows a negativevariance of $2K which represents a prior year correction of a budget reduction.
FY
2010 expenditures for the
F
ederal stimulus funds remain, as previouslyreported, at $149,894.
2
 
FY 2010 Budget Status
Preliminary Year End ±Gross(as of January 3, 2011)
BudgetObligationsVariance ($) % Oblig
Pe
el Se
es11
R
egula
Pay
-
Cont Full Time20,397,80020,135,837261,96398.7%12
R
egula
Pay
-
 
O
the
3,026,7112,624,658402,05386.7%13Additional G
oss Pay589,1981,081,597
(
492,399
)
183.6%14F
inge
-
Benefits
-
Cu
rr 
Pe
sonnel4,947,5095,036,758
(
89,248
)
101.8%15
O
e
time240,715308,085
(
67,370
)
128.0%
T
otal Personnel Service (PS)29,201,93329,186,93514,99999.9%
Non
-
Pe
sonnel Se
ices20Supplies and Mate
ials378,704369,0459,65997.4%30Ene
gy and
U
tilities2,805,3042,705,091100,21396.4%31Telephone, Teleg
aph, Teleg
am & Etc435,853345,00290,85279.2%32
R
entals
-
Land & St
uctu
e453,760433,42820,33295.5%33Janito
ial Se
ices0000.0%34Secu
ity Se
ices0000.0%35
O
ccupancy1,3231,3230100.0%40
O
the
Se
ices and Cha
ges2,540,0092,426,974113,03595.5%41Cont
actual Se
ices &
O
the
1,367,6861,112,625255,06181.4%50Subsidies and T
ansfe
s72,17470,5431,63197.7%70Equipment & Equipment
R
ental4,653,0024,135,606517,39588.9%
T
otal Non-Personnel Service (NPS)12,707,81511,599,6361,108,17891.3%
 
Grand
T
otal: PS + NPS41,909,74840,786,5711,123,17797.3%Cost Categories
3

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