Lili Marlene T. Tomen, Accounting Manager

Transcription

1 DATE April 27, 2016 Item #5 TO FROM SUBJECT GCTD Board of Directors Lili Marlene T. Tomen, Accounting Manager Consider Approval of Financial Statements & Schedule of Money Transfers for March, 2016 Attached for the Board s approval are copies of GCTD s Financial Statements and Schedule of Money Transfers for March, Attachments General Manager s Concurrence

2 Balance Sheet Fiscal Year: 2016 Period 9 March Division: 01 Gold Coast Transit District ASSETS CASH TOTAL CASH $6,411, ACCOUNTS RECEIVABLE TOTAL ACCOUNTS RECEIVABLE $374, INVENTORY TOTAL INVENTORY $650, OTHER CURRENT ASSETS TOTAL OTHER CURRENT ASSETS $0.00 WORK IN PROCESS TOTAL WORK IN PROCESS $3,991, TANGIBLE TRANSIT PROPERTY TOTAL TANGIBLE TRANSIT PROP $43,327, TOTAL ACCUM DEPRECIATION ($22,124,111.18) NET TANGIBLE TRANSIT PROP $21,203, PARATRANSIT TANGIBLE TRANS PROP TOTAL PARATRANSIT TANG. PROP $2,011, TOTAL ACCUM DEP'N PARATRANSIT PROP ($1,743,031.71) NET PARATRANSIT TANG PROP $268, INTANGIBLE ASSETS TOTAL INTANGIBLE ASSETS $39, TOTAL ACCUM DEP'N - INT'GIBLE ASSETS ($39,401.32) NET INTANGIBLE ASSETS $0.00 INVESTMENTS TOTAL INVESTMENTS $0.00 SPECIAL FUNDS TOTAL SPECIAL FUNDS $11,148, OTHER ASSETS TOTAL OTHER ASSETS $39, TOTAL ASSETS $44,088, LIABILITIES AND CAPITAL ACCOUNTS PAYABLE TOTAL ACCOUNTS PAYABLE $2,180, ACCRUED PAYROLL LIABILITIES TOTAL ACCRUED PAYROLL LIAB $1,174, ACCRUED TAX LIABILITIES 4/27/ :39:50 AM Page 1 of 4

3 Balance Sheet Fiscal Year: 2016 Period 9 March Division: 01 Gold Coast Transit District TOTAL ACC TAX LIABILITIES $1, OTHER CURRENT LIABILITIES TOTAL OTHER CURRENT LIAB $108, ESTIMATED LIABILITIES TOTAL ESTIMATED LIABILITIES $10,114, DEFERRED CREDITS TOTAL DEFERRED CREDITS $7,914, TOTAL LIABILITIES $21,494, CAPITAL GOVERNMENT ENTITY OWNERSHIP TOTAL GOVMT ENTITY OWNERSHIP $0.00 GRANTS AND CAPITAL TOTAL GRANTS AND CAPITAL $33,750, ACCUMULATED EARNINGS TOTAL ACCUMULATED EARNINGS ($11,156,568.57) TOTAL CAPITAL $22,594, TOTAL CAPITAL AND LIABILITIES $44,088, /27/ :39:50 AM Page 2 of 4

4 Balance Sheet Fiscal Year: 2016 Period 9 March Division: 02 Gold Coast Transit District LTF ASSETS CASH TOTAL CASH $0.00 TOTAL ASSETS $0.00 LIABILITIES TOTAL ACCOUNTS PAYABLE $0.00 TOTAL LIABILITIES $0.00 4/27/ :39:50 AM Page 3 of 4

5 Balance Sheet Fiscal Year: 2016 Period 9 March Division: 03 GCTD - PROP 1B/PTMISEA ASSETS TOTAL CASH $10,843, RECEIVABLES TOTAL RECEIVABLES $0.00 TOTAL ASSETS $10,843, LIABILITIES TOTAL LIABILITIES $10,843, CAPITAL TOTAL GRANTS AND CAPITAL $0.00 TOTAL CAPITAL AND LIABILITIES $10,843, /27/ :39:50 AM Page 4 of 4

6 Income Statement With Approved Budget Fiscal Year: 2016 Period 9 Division: 01 Gold Coast Transit District March Jul-2015 Thru Mar-2016 Year To Date Approved Budget REVENUES PASSENGER FARES TOTAL PASSENGER FARES $303, % $2,477, % $3,498, SPECIAL TRANSIT FARES TOTAL SPECIAL TRANSIT FARES $13, % $123, % $285, AUXILIARY TRANSPORTATION REVENUE TOTAL AUX TRANS REVENUES $506, % $611, % $245, NONTRANSPORTATION REVENUES TOTAL NONTRANS REVENUES $93, % $200, % $134, LOCAL GRANTS AND REIMBURSEMENTS TOTAL LOCAL GRANTS & REIMB $1,056, % $9,512, % $12,682, STATE GRANTS AND REIMBURSEMENTS TOTAL STATE GRANTS & REIMB $6, % $132, % $210, FEDERAL GRANTS AND REIMBURSEMENT TOTAL FEDERAL GRANTS & REIMB $ % $596, % $5,040, DEPRECIATION OFFSET TOTAL DEPRECIATION OFFSET $ % $ % $0.00 TOTAL REVENUES $1,981, % $13,654, % $22,096, EXPENSES LABOR TOTAL LABOR $800, % $6,616, % $9,097, FRINGE BENEFITS TOTAL FRINGE BENEFITS $504, % $4,550, % $6,435, SERVICES TOTAL SERVICES $296, % $2,202, % $3,431, /27/ :42:12 AM Page 1 of 4

7 Income Statement With Approved Budget Fiscal Year: 2016 Period 9 Division: 01 Gold Coast Transit District March Jul-2015 Thru Mar-2016 Year To Date Approved Budget MATERIALS AND SUPPLIES TOTAL MATERIALS AND SUPPLIES $136, % $1,377, % $2,027, UTILITIES TOTAL UTILITIES $7, % $105, % $154, CASUALITY AND LIABILITY COSTS TOTAL CASUALTY AND LIABILITY $38, % $352, % $613, FUEL TAXES TOTAL FUEL TAXES $ % $10, % $11, MISCELLANEOUS EXPENSE TOTAL MISCELLANEOUS EXPENSE $20, % $158, % $311, INTEREST EXPENSE TOTAL INTEREST EXPENSE $ % $3, % $3, LEASES TOTAL LEASES $1, % $11, % $11, TANGIBLE DEPN AND AMORTIZATION TOTAL TRANSIT DEPN & AMORT $226, % $1,989, % $2,727, PARATRANSIT DEPRECIATION & AMORT TOTAL PARA DEPN & AMORT. $5, % $52, % $99, INTANGIBLE ASSETS DEPN & AMORT TOTAL INT'BLE ASSETS DEPN & AMORT $ % $ % $0.00 CONTINGENCY TOTAL CONTINGENCY $ % $ % $0.00 TOTAL EXPENSES $2,038, % $17,430, % $24,923, PROFIT/LOSS ($57,542.70) 2.04% ($3,775,337.88) % ($2,827,021.00) 4/27/ :42:12 AM Page 2 of 4

8 Income Statement With Approved Budget Fiscal Year: 2016 Period 9 Division: 02 Gold Coast Transit District LTF March Jul-2015 Thru Mar-2016 Year To Date Approved Budget REVENUES LOCAL TRANSPORTATION FUNDS TOTAL REVENUES $1,289, % $11,604, % $0.00 EXPENSES LABOR AND WAGES TOTAL LABOR $500, % $4,502, % $0.00 FRINGE BENEFITS TOTAL FRINGE BENEFITS $353, % $3,185, % $0.00 MATERIALS AND SUPPLIES TOTAL MATERIALS AND SUPPLIES $337, % $3,040, % $0.00 MISCELLANEOUS EXPENSE TOTAL MISCELLANEOUS EXPENSE $97, % $876, % $0.00 TOTAL EXPENSES $1,289, % $11,604, % $0.00 PROFIT/LOSS $ % $ % $0.00 4/27/ :42:12 AM Page 3 of 4

9 Income Statement With Approved Budget Fiscal Year: 2016 Period 9 Division: 03 GCTD - PROP 1B/PTMISEA March Jul-2015 Thru Mar-2016 Year To Date Approved Budget REVENUES STATE GRANTS AND REIMBURSEMENTS TOTAL STATE GRANTS & REIMB $ % $329, % $0.00 TOTAL REVENUES $ % $329, % $0.00 GOLD COAST TRANSIT PROJECTS TOTAL PROJECTS $ % $ % $0.00 NET POSITION $ % $329, % $0.00 4/27/ :42:12 AM Page 4 of 4

10 Schedule of Money Transfers and Funding For the Month of March 2016 Account Date Description From To Amount 3-Mar-16 Transfer for Payroll and Accounts Payable UB Money Market 2 UB General Checking $ 657, Mar-16 Transfer for Payroll UB General Checking UB Payroll Checking $ 300, Mar-16 Transfer for Accounts Payable UB Money Market 2 UB General Checking $ 170, Mar-16 Transfer for Payroll and Accounts Payable UB Money Market 2 UB General Checking $ 514, Mar-16 Transfer for Payroll UB General Checking UB Payroll Checking $ 284, Mar-16 Transfer to Prop 1B Reimbursement UB Prop 1 B PTMISEA UB Money Market 2 $ 19, Mar-16 Transfer for Payroll UB General Checking UB Payroll Checking $ 3, Mar-16 Transfer for Payroll and Accounts Payable UB Money Market 2 UB General Checking $ 634, Mar-16 Transfer for Payroll UB General Checking UB Payroll Checking $ 301,000.00

11 Payroll Information Period Gross Direct Payroll Payroll Non-tax Pay Date End Wages Deposits Checks Cut Tax EFTs Deductions 4-Mar Feb-16 $ 399, $ 290, $ 68, $ 46, Mar-16 7-Mar-16 $ 3, $ - $ 3, $ $ Mar Mar-16 $ 4, $ - $ 4, $ $ - 18-Mar Mar-16 $ 383, $ 279, $ 64, $ 45, Mar Mar-16 $ 8, $ - $ 6, $ 2, $ - 25-Mar Mar-16 $ 2, $ - $ 1, $ $ -