The Archuleta County January through June financial report has been completed and shows that, while some funds are in better shape than last year, others are further in the red.
County Finance Director Diane Sorensen presented the report to the Board of County Commissioners at their regular meeting Tuesday afternoon.
In the report, Sorensen included comparisons to the 2009 actual numbers and the 2010 budget, noting that revenues and expenditures are expected to be at 50 percent of the year’s budget.
Sorensen also noted that expenditures in a number of the funds, namely road and bridge and solid waste, will be closely monitored during the second half of 2010 due to declines in revenue and increases in costs.
• Total revenues have increased $13,320 or .2 percent over 2009 and are at 62.5 percent of the 2010 budget.
• Property tax revenues have increased 28 percent, or $992,000, over 2009 and are at 87 percent of the 2010 budget.
Sorensen reported that the increase was expected, due to increased assessed valuations.
• Sorensen reported that charges for services by Fleet Management have increased 19 percent, to $164,500, and are at 69 percent of 2010’s budget.
The increase is due to increased maintenance and repair costs of department vehicles and equipment.
• While property tax revenues are up, all other revenues for the General Fund are down 32 percent, or $99,400, from 2009.
Sorensen noted that the largest decrease in revenue was due to a federal grant in the amount of $852,000 that was received in 2009, and not received in 2010.
• Overall in the General Fund, revenues exceeded expenditures in the first half of 2010 by $2.3 million — 13 percent, or $300,000, more than in 2009.
Sorensen noted that revenues are expected to be much higher during the first half of the year than the second, due to property tax collections, while expenses are incurred evenly throughout the year.
• Expenditures decreased 5.6 percent, or $254,000, compared to 2009 and sit at approximately 44 percent of the 2010 budget.
• Overall, revenues in the 1A Fund exceeded expenditures by $637,000. In the same period in 2009, revenues exceeded expenditures by $579,000.
• Revenues within the fund are up 4.5 percent compared to 2009, which Sorensen said is directly related to the property tax increase.
• Expenditures in the fund are down .2 percent, or $1,280, compared to 2009 and sit at 44 percent of the 2010 budget.
Sorensen noted that fund revenues are expended through projects and are therefore not spent evenly throughout the year.
Road and Bridge Fund
• Overall, Road and Bridge Fund revenues exceeded expenditures by $63,000. For the same time period in 2009, revenues exceeded expenditures by $76,800.
• Revenues for 2010 are at 48 percent of projections and have decreased 5 percent compared to 2009.
Sorensen noted that the majority of the decrease is due to a United States Forest Service project undertaken in 2009, and not repeated in 2010.
• Likewise, expenditures have decreased 5 percent compared to 2009 and are at 51 percent of this year’s budget.
• In the Road Capital Improvement Fund, revenues are down 49 percent compared to 2009, which Sorensen attributed to the Juanita Bridge project completed in 2009 and the decrease in sales tax collections of 5 percent in 2010.
• RCI expenditures were down in the first half of 2010 by 79 percent compared to the same period in 2009.
Similar to the 1A Fund, costs in the RCI Fund are related to projects and are not distributed evenly across the year, Sorensen explained.
During the same time period in 2009, expenditures were linked to three projects — a new building in Arboles, the Juanita Bridge, and County Road 975 improvements, Sorensen said.
Solid Waste Fund
• Overall, expenses for the Solid Waste and Landfill Fund exceeded revenues by $49,000 in 2010. In 2009, expenses exceeded revenues by $26,500.
• Revenues in the fund are down $59,200, or 19 percent, compared to 2009 and are below the budgeted 2010 amount by 25 percent or $74,600.
Sorensen noted that the revenue drop is due to a decline in collected fees.
• Expenses are down 10 percent, or $30,000, compared to 2009 and are at 46 percent of the 2010 budget.
• Overall, expenditures within the Department of Human Services Fund exceeded revenues in the first half of the year by $14,000.
• Overall, revenues exceeded expenditures by $166,800. By midyear 2009, revenues exceeded expenditures by $195,600.
• Total revenues are at 30 percent of the projected total for 2010 and are down 67 percent, or $597,000, from 2009.
Sorensen noted that the decline is related to a federal grant reimbursement that was completed in 2009.
• Airport Fund expenditures are down 83 percent compared to 2009 and are at 12 percent of the 2010 budget.
The decline is due to projects funded by federal grants that were completed in 2009.