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
10/18/13 |
PURPOSE
Information Only |
FINANCIAL IMPACT
No
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| ISSUE, BACKGROUND, ANALYSIS, & RECOMMENDATION |
| ISSUE: |
| This is the financial report for the first quarter of Fiscal Year 2013-14. It provides financial information relative to revenues and local assistance (i.e., reimbursement) expenditures through September 30, 2013. |
| BACKGROUND: |
Revenue
Attachment A shows that for the first quarter of FY 2013-14, POST received $7,631,338. This total is $508,713 less than the $8,140,051 received during the first quarter of last fiscal year. It is also $243,935 less than the amount projected for the first quarter of FY 2012-13.
Reimbursement
Attachment B, Chart 1, shows the number of trainees reimbursed during the first quarter of this fiscal year. Thus far, the total number of trainees reimbursed for FY 2013-14 is slightly less than the number reimbursed in 2012-13. Charts 2 and 3 show the reimbursement paid by course and by category of expense during the first quarter of FY 2013-14. Though the total number of reimbursed trainees is lower, reimbursement is tracking at approximately 9.5% higher than FY 2012-13. |
| ANALYSIS: |
| Revenue for the first quarter of FY 2013-14 is less than the amount received during the first quarter of FY 2012-13. While the number of reimbursed trainees is slightly lower for the 1st Quarter, reimbursement is trending 9.5% higher than the prior year. |
| RECOMMENDATION: |
| This report and its attachments are provided as information to the Commission. |
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