OPERATING STATEMENT FOR DECEMBER 2004
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OPERATING STATEMENT
, COPIES'TO
CITY COUNCIL
JAN 10 2005
PRESS
CLERK/ATTORNEYc\
MONTH OF: DECEMBER
2004
REVENUE PLAN ACTUAL VARIANCE
City Grant 23,435 23,435 -0-
Fares 5,970 6,416 446
Advertising 5,900 4,360 (1,140)
Interest Income 60 55 ( 5 )
Charters 8,050 3,847 (4,203)
Other Income 30 7,587 7,557
Total Revenue 43,045 45,700 2,655
EXPENSE
Wages, Drivers 13,915 16,344 (2,429)
Wages, Indirect 790 534 256
Wages, OTPrem. 225 567 (342)
Wages, Clerical 2,185 2,180 5
Wages, Maintenance 3,460 3,642 (182 )
Salaries, Admin. 4,630 4,656 (26)
Payroll Taxes 2,300 2,369 (69)
Workers' Compo 1,380 5,616 (4,236)
Maint. Parts, etc. 3,360 4,988 (1,358)
Insurance 6,000 6,000 -0-
Fuel 3,940 4,500 (5601
Office Expense 350, , 156 194
Personnel Costs 1,270 1 i 01 3 257
Utilities 380 530 (150 )
Facilities Rent 1,720 1,718 2
Equip. Rental 605 602 3
Professional Fees -0- -0- -0-
Other Tax & Fees 50 -0- 50
Miscellaneous -0- 280 (280)
Total Expense 46,830 55,695 (8,865)
Net Change In Assets (3,785) (9,995) (6,210)
JOLLEY TROLLEY TRANSPORTATION OF CLEARWATER, INC,
483 MANDALAY AVE,. SUITE 213
CLEARWATER, FL 33767
(727) 445-1200 FAX (727) 443-3655
,.
2004-2005
,.
EXPLANATION OF VARIANCES,
Month of
DECEMBER
ITEM
',-
VARIANCE
EXPLANATION
Advertising
(1,140)
Late payments by advertisers
and temporary loss of Adams
Mark. New contracts will swell
revenues.
Charters
(4,203)
Some December revenue credited
in prior months. Differences
will wash over longer periods.
Wages, 'OT Prem..
(2,429)
(342)
See notes
Wages, Drivers
See notes
Workers Compo
(4,236)
Annual audIt by our carrier
uncovered a added expense of
$4,142. However, a credit will
alleviate this eKpense in Feb.
based on experience.
Maint.Parts, etc.
(1,358)
rires for two trolleys; six
tires each trolley
Fuel
(560)
Persistent high fuel costs
exceed accrual for the mqnth.
Oth~r Income
7,557
Rebate on liqidationiof Florida
Preferred, a workers comp in-
surance carrier, in the amount
of 7,588.dol~ars.
NOTES:
Vari~nces accrued as the result of charter activitiy in December
mostly in the use of trolleys for Christmas light tours and parades.
Some of these charter dollars were credited to prior months,
evidence by a favorable variance of $4,492 in November.
'.
REVENUE
City Grant
Fares
Advertising
Interest Income
Charters
Other Income
Total ,Revenue
EXPENSE
Wages, Drivers
Wages, Indirect
Wages, Overtime
Wages, Clerical
Wages, Maintenance
Salaries, Admin.
Payroll Taxes
Workers' Compo
Maint. Parts, etc.
Insurance
Fuel
Office Expense
Personnel Costs
Utilities
Facilities Rent
Equip. Rental
Professional Fees
Other Tax & Fees
Miscellaneous
Total Expense
OPERATING STATEMENT
1st. Quarter
2004-2005
PLAN
ACTUAL
70,305
19,565
16,500
170
21,980
90
70,305
21,850
16,092
216
23,657
8,085
127,610
140,205
43,005
2,425
560
5,675
9,080
12,020
6,615
4 , 1 40'i
11,180
18,000
12,200
1,6S0
2,940
1,185
5,160
605
-0-
1,815
350
44,341
1 ,830
1,343
5,600
9,008
12,112
6,320
8,564
13,214
18,000
1 3,500
800
3,895
1,362
5,155
602
-0-
1,763
280
138,005
147,689
(7,484)
. Net Change In Assets (10,395)
JOLLEY TROLLEY TRANSPORTATION OF CLEARWATER, INC.
483 MANDALAY AVE., SUITE 213
CLEARWATER, FL 33767
(727) 445-1200 FAX (727) 443-3655
VARIANCE
-0-
2,285
(408)
46
2,677
7,995
12,595
(1,336)
595
(783)
75
72
(92)
295
(4,424)
(2,034)
-0-
(1,300)
250
(955)
(177)
5'
3
-0-
52
70
(9,684)
2,911
..
.~
ITEM
'.-'
Fares
Charters
Workers' Compo
Maint. Parts':
"
Personnel Costs
"
BDLANA'1'ION OF VARIANCES,
lst.QUARTER
,2004-20Q5
VARIANCE
2',28'5
2,677
'~4,424)
(2,034)
(955)
,
,
. ,
'. ..".'....
EXPLANATION
Outback Bowl helped
Even though months may
indicate unfavorable variances,
it all washes over 3 months.
Effect of annual compo ,audit.
February experience rebate
should offset a part of audit.
Big item purchases such as
tires and air compressers.
Adverti~ing in the local
papers for drivers. .