2003-04 1ST QUARTER OPERATING STATEMENT AND JANUARY INCOME STATEMENT
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RECEIVED
JOLLEY TROLLEY
ft~.2 02004
CITY MANAGER'S OFFICE
INCOME STATEMENT
Month of:
JANUARY
2003-2004
REVENUE
PLAN
ACTUAL
VARIANCE
CITY GRANT 24,270 24,270 -0-
FARES 7,420 7,180 (240)
ADVERTISING 4,124 6,625 2,501
;rN~EKES~ INCOME 140 47 (93 )
CHARTERS 3,961 3,190 (771)
OTHER INCOME 45 314 269
TOTAL REVENUE 39,960 41,626 1,666
EXPENSE
WAGES, DRIVERS 15,526 16,098 (572)
WAGES, CLERICAL 3,745 1 ,792 1,973
WAGES, VEHICLE MAINT. 3,307 3,015 292
SALARIES, ADMIN. 3,554 4,248 (694)
PAYROLL TAXES 2,254 2,714 (460)
WORKERS I COMP. . 1,435 1.,200 235
MAINT. PARTS & REPAIR 4,218 4,692 (474)
INSURANCE 6,000 5,860 140
FUEL 3,500 4,403 (903)
OFFICE EXPENSE 764 267 497
PERSONNEL COSTS 645 343 302
UTILITIES 279 397 (118)
RENTALS 1,745 2,320 (575)
PROFESSIONAL FEES -0- 4,625 (4,625)
OTHER TAXES & FEES -0- 44 (44 )
MISCELLANEOUS -0- 293 (293)
TOTAL EXPENSE 46,972 52,311 (5,339)
NET CHANGE IN ASSETS (7,012) (10,685) (3,673)
EXPLANATION OP VARIANCES.
Month of
JANUARY
2003-2004
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VARIANCE
Advertising 2,501
Charters ~771 )
Wages, drivers (572)
Wages, clerical 1,973
Wage.s, ,admin. (694)
Maint. parts & rep. (474)
Fuel (903)
Rentals (575)
Professional fees (4,625)
Variance, assets (3,673)
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EXPLANATION
Interest is strong. Running
out of space.
Hard to anticipate.
Drivers used to fuel trolleys.
Overestimated need for office
attendants.
Plan based on 12 months.
Payroll issued in weeks,
either,4 or 5. January had 5.
Purchase of tires. Hard to
know when needed.
City billing at times includes
part of prior month.
Variance is radio tower
quarterly expense not in plan.
Audit charge received in
January rather than December.
Removing the audit charge
planned for December, the
variance, would result in a
favorable variance of $952.
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2003-2004
JOLLEY TROLLEY
QUARTERLY OPERATING STA'rEMENT
FIRST Quarter
PLAN ACTUAL VARIANCE
REVENUE
CITY GRANT 72,810 72,810 -0-
FARES 19,921 23,047 3,126
ADVERTISING 12,372 18,942 6,570
INTEREST INCOME 400 196 (204)
CHARTERS 24,289 15,337 " (8,952)
OTHER REVENUE 90 76 ( 1 4 )
TOTAL REVENUE 129,882 130,408 526
EXPENSE
WAGES, DRIVERS 40,366 44,768 (4,402)
WAGES, CLERICAL 9,735 5,419 4,316
WAGES, VEHICLE MAINT. 8,592 . 8,604 ( 1 2 )
SALARIES, ADMIN. 10,662 11,037" (375)
PAYROLL TAXES 5,869 5,713 151
WORKERS' COMPo 4,305 3,651 654
MAINT. PARTS & REPAIR 12,658 9,977 2,681
INSURANCE 16,250 17,778 ( 1 ,52 8 )
FUEL 10;499 11,825 (1,326)
OFFICE EXPENSE 2,293 1,710 583
PERSONNEL COSTS 3,945 2,930 1,015
UTILITIES 841 1 ,159 ( 31 8)
RENTALS 5,235 5,724 (489)
PROFESSIONAL FEES 5,400 -0- 5,400
OTHER TAXES & FEES 1,930 1,762 168
lwlISCELLANEOUS 314 56 258
TOTAL EXPENSE 138,887 132,113 6,774
NET CHANGE IN ASSETS (9,005) (1,705) 7,300
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BULABIUON OF VABIABCBS'
FIRST QUARTER
2003-2004
ITEM
VARIANCE
FARES 3,126
ADVERTISING 6,570
CHARTERS (8,952)
WAGES, DRIVERS (4,402)
WAGES, CLERICAL 4,316
MAINT. 'PARTS 2,681
INSURANCE (1,528)
FUEL (1,326)
.
PERSONNEL COSTS 1,015
PROFESSIONAL FEE~ 5,400
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EXPLANATION
Hopefully a sign of
increased tourism
Greater interest on the
part of business firms
. Hard to predict
Drivers used to cover
office help
Offset'by drivers used
to cover for office
personnel
Major expenses avoided .
Amount to match accrual
to actual for the year.
Will not oecur in 2004.
Mostly due to higher
gasoline cost
Reduction in advertising
expense for drivers
Charge .for audit 'report
billed in second quarter