SCMTD Board of Directors Agenda of February 8, 2008 - Santa Cruz ...

SANTA CRUZ METROPOLITAN TRANSIT DISTRICT
DATE: February 22, 2008
TO:
FROM:
Board of Directors
Angela Aitken, Finance Manager
SUBJECT: MONTHLY BIJDGET STATUS REPORTS FOR DECEMBER 2007.
I. RECOMMENDED ACTION
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SUMMARY OF ISSUES
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Operating Revenues for the month of December were $132K or 3 % under the
amount of revenues expected.
Consolidated Operating Expenses for the month of December 2007 were $590K or
18% under budget.
Capital Budget spending for the month of December 2007 was $7,245K or 20% of
the Capital budget.
111. DISCUSSION
An analysis of the District’s budget status is prepared monthly in order to apprise the Board of
Directors of the District’s actual revenues, expenses and capital in relation to the adopted
operating and capital budgets for the fiscal year. The attached monthly revenue, expense and
capital reports represent the status of the District’s FY08 operating and capital budgets versus
actual expenditures for the month.
The fiscal year has elapsed 50%.