SANTA CRUZ METROPOLITAN TRANSIT DISTRICT

SANTA CRUZ METROPOLITAN TRANSIT DISTRICT
DATE: December 14, 2012
TO:
FROM:
SUBJECT:
Board of Directors
Angela Aitken, Finance Manager
MONTHLY BUDGET STATUS REPORTS YEAR TO DATE AS OF
SEPTEMBER 30, 2012
I. RECOMMENDED ACTION
That the Board of Directors accept and file the monthly budget status reports year to date
as of September 30, 2012
II.
SUMMARY OF ISSUES
• Operating Revenues year to date as of September 30, 2012 were $59K or 1 % over
the amount of revenue expected for the same period year to date.
• Consolidated Operating Expenses year to date as of September 30, 2012 were
$691K or 7 % under budget.
• Capital Budget spending year to date through September 30, 2012 was $633K or
2 % of the Capital budget.
III.
DISCUSSION
An analysis of Santa Cruz METRO’s budget status is prepared monthly in order to apprise the
Board of Directors of Santa Cruz METRO’s actual revenues, expenses and capital in relation to
the adopted operating and capital budgets for the fiscal year. The attached revenue, expense and
capital reports represent the status of Santa Cruz METRO’s FY13 operating and capital budgets
versus actual expenditures year to date.
The fiscal year has elapsed 25%.
6-4.1