2023 Annual Comprehensive Report

Schedule 7 2 Page 1 of 2

Information Systems Fund Schedule of Revenues, Expenses and Changes in Fund Balance - Budget and Actual (Non-GAAP) For the Fiscal Year Ended June 30, 2023

Variance Positive (Negative)

Final

Budget

Actual

Operating Revenues: Charges for Current Services - Internal

$ 12,861,841

$

8,928,331

$ (3,933,510)

Other Operating Revenues

664

664

Total Operating Revenues

12,861,841

8,928,995

(3,932,846)

Operating Expenses: Personal Services

1,794,272 644,038 8,969,041 306,805 4,650,000 16,364,156

1,681,068 568,486 2,817,468 4,808,334 9,886,161 10,805

113,204 75,552 6,151,573 296,000 (158,334) 6,477,995

Fringe Benefits

Maintenance and Operations

Claims and Expenses

Capital Outlay - IT Subscriptions Total Operating Expenses

Operating Loss

(3,502,315)

(957,166)

2,545,149

Nonoperating Revenues: Investment Income

20,000

71,351

51,351

Net Increase (Decrease) in the Fair Value of Investments

28,155 99,506

28,155 79,506

Total Investment Income

20,000

Nonoperating Expenses: Principal Maturities

2,750,000 250,000 3,000,000

3,293,255 106,600 3,399,855

(543,255) 143,400 (399,855)

Interest Expense

Total Nonoperating Expenses

Excess of Revenues Under Expenses Before Other Financing Sources

(6,482,315)

(4,257,515)

2,224,800

Other Financing Sources: Debt Issuances:

IT Subscription Liability Issued

4,500,000

4,808,334

308,334

Transfers In

4,148

4,148

Total Other Financing Sources

4,500,000

4,812,482

312,482

Excess of Revenues and Other Financing Sources Over (Under) Expenses

(1,982,315)

554,967

2,537,282

Appropriated Fund Balance

1,982,315

(1,982,315)

Excess of Revenues and Other Financing Sources Over Expenses

$

$

554,967

$

554,967

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