MEETING DATE
6/26/2013 |
BUREAU SUBMITTING THIS REPORT
Administrative Services Bureau |
RESEARCHED BY (PRINT NAME)
Karen Cramer |
REVIEWED BY (PRINT NAME)
Darla Engler/Dick Reed |
REPORT DATE
05/20/2013 |
APPROVED BY
Robert A. Stresak |
DATE APPROVED
06/12/13 |
PURPOSE
Decision Requested |
FINANCIAL IMPACT
No
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| ISSUE, BACKGROUND, ANALYSIS, & RECOMMENDATION |
| ISSUE: |
| This is the financial report for the first ten months of Fiscal Year 2012-13. It provides financial information relative to revenues and local assistance expenditures (i.e., reimbursements) through April 30, 2013. |
| BACKGROUND: |
Revenue - Attachment A identifies monthly revenues that have been transferred to the Peace Officers' Training Fund. Through April, 2013, POST received $30,934,446. Based on fourth quarter expected revenue, POST staff projects the full revenue for the year will be $44,890,000. This is 93% of what was projected.
Reimbursements - Attachment B, Chart 1, compares the number of trainees reimbursed so far this fiscal year with the number reimbursed last year at the same time. This year's figure is more than 60% higher than last year's. Chart 2 shows the dollars paid in reimbursements through April. This figure is more than 50% higher than last year's. Chart 3 shows the category of expense breakdown through April. |
| ANALYSIS: |
| Revenue for the year is less than received last year and also less than projected for this period. Revenue is expected to remain flat during FY 2013-14. Reimbursement data reflects a significant increase both in the number of trainees and the dollars reimbursed. POST expects to exceed projections in this area. |
| RECOMMENDATION: |
| This report and its attachments are provided as information to the Commission. |
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