MEETING DATE
10/23/2013 |
BUREAU SUBMITTING THIS REPORT
Administrative Services Bureau |
RESEARCHED BY (PRINT NAME)
Jeff Critchley |
REVIEWED BY (PRINT NAME)
Darla Engler |
REPORT DATE
09/17/2013 |
APPROVED BY
Robert A. Stresak |
DATE APPROVED
10/09/13 |
PURPOSE
Information Only |
FINANCIAL IMPACT
No
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| ISSUE, BACKGROUND, ANALYSIS, & RECOMMENDATION |
| ISSUE: |
| This is the final financial report for Fiscal Year (FY) 2012-13. It provides financial information relative to revenues and local assistance (i.e., reimbursement) expenditures through June 30, 2013. |
| BACKGROUND: |
Revenue
This report (Attachment A) identifies monthly revenues which have been transferred to the Peace Officers' Training Fund. For FY 2012-13, POST received $45,501,095. This is $2,597,379 less than the $48,098,474 received for FY 2011-12 and is 95% of what had been projected.
Reimbursements
Attachment B, Chart 1, compares the number of trainees reimbursed during FY 2011-12 with the number reimbursed during FY 2012-13. The 43,757 trainees reimbursed through the forth quarter represent an increase of 11,982 compared to the 31,775 trainees reimbursed in FY 2011-12. Chart 2 shows the reimbursement paid for the year. Chart 3 shows the category of expense breakdown for the year. Both charts provide comparison with FY 2011-12. Reimbursements for courses through the fourth quarter were $19,620,971 which represents a $6,135,723 increase compared to the $13,485,248 reimbursed in FY 2011-12. |
| ANALYSIS: |
| Revenue for FY 2012-13 is less than the amount received in FY 2011-12. There was an increase in the number of reimbursable trainees and an increase in reimbursements during FY 2012-13. Due to a projected budget deficit, it is anticipated that these numbers will decrease. |
| RECOMMENDATION: |
| This report and it attachments are provided as inforamtion to the Commission. |
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