INCOME STATEMENT FOR JULY 2004
, COPIESTO
CITY COUNCIL
AUG 0 6 2004
PRESS
CLERK/ATTORNEY
JOLLEY TROLLEY
Month of:
INCOME STATEMENT
JULY
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2003-2004
REVENUE
PLAN
ACTUAL
VARIANCE
CITY GRANT 24,270 24,270 -0-
FARES 8,876 12,189 3,403
ADVERTISING 6,124 7,691 1,567
INTEREST INCOME 155 58 (97)
CHARTERS 6,094 4,108 (1,986)
OTHER INCOME 40 211 171
TOTAL REVENUE 45,469 48,527 3,058
EXPENSE
WAGES, DRIVERS 15,526 15,817 (291)
WAGES, CLERICAL 3,745 2,175 1,570
WAGES, VEHICLE MAINT. 3,307 4,022 (715 )
SAlARIES, ADMIN. 3,554 4,502 (948)
PAYROLL TAXES 2,254 2,388 (134 )
WORKERS' COMPo 1,435 1,474 (39)
MAINT. PARTS & REPAIR 4,218 2,997 1,221
INSURANCE 6,000 6,000 -0-
FUEL 3,500 6,964 (3,464)
OFFICE EXPENSE 764 137 627
PERSONNEL COSTS 645 1,080 (435)
UTILITIES 279 472 (193)
RENTALS 1,745 2,320 (575)
PROFESSIONAL FEES -0- -0- -0-
OTHER TAXES & FEES -0- -0- -0-
MISCELLANEOUS -0- -0- -0-
TOTAL EXPENSE 46,972 50,348 (3,376)
NET CHANGE IN ASSETS (1,503) (1,821 ) (318)
.
EXPLANATCl:ON OJ? VARCl:ANCES,
! .
Month of
JULY
2003-2004
ITEM VARIANCE
EXPLANATION
FARES 3,403
More tourists, more visitors
ADVERTISING 1,567
More advertisers, erratic
payments
CHARTERS (1,986)
Hard to estimate. Lower dollar
charters don't help
WAGES, CLERICAL 1,570
Reflects elimination of so
called traffic manager
WAGES, 'VEH. MAINT. (715)
Trolley fueler now included
in this a~count. Will show
as indirect labor next yeaR
SALARIES, ADMIN. (948)
Five (5) week month versus
plan of twelve (12) equal
months. Change in nextye~r
MAINT. PARTS & REP. 1,221
All depends on maintenance
needs or vehicle break-downs
FUEL (3,464)
Gasoline up 66 percent ,over
last year
PERSONNEL COSTS (435)
Advertising for drivers
UTILITIES (193)
Fuel cost adjustment for office
and mainte~ance garage
RENTALS (575)
Includes quarterly radio charge
Corrected for next year