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Monthly Financial Reports - August 2024

 

 

 

ARKANSAS VALLEY AMBULANCE DISTRICT
CASH POSITION
YEAR TO DATE AS OF AUGUST 31, 2024
Account Activity Item DescriptionOperating Checking BankEmergency Checking BankReserve Checking BankSaving's ReserveTOTALS ALL ACCOUNTS
BEGINNING BALANCE PER BANK$14,221$575$14,319$79,648$108,763
YTD Credits110,89514,132225,002432,969782,998
YTD Debits-113,887-11,979-202,327-445,563-773,746
YTD Balance11,2392,72836,99467,054118,015
Transfers00000
YTD Balance Less Outstanding Checks11,2392,728336,99467,054118,015
Restricted Cash - Capital -36,994 -36,994
Adjusted Balance Less Restricted Cash11,2392,728067,05481,021

 

 

ARKANSAS VALLEY AMBULANCE DISTRICT
FUND/PROJECT ALLOCATION OF AVAILABLE BALANCES
YEAR TO DATE (YTD) AS OF AUGUST 31, 2024
Unaudited
Account Activity item DescriptionGeneralCapitalTotals/All Funds
Beginning Funds Available$94,444$14,319$108,763
YTD Property Taxes Received271,9310271,931
YTD Specific Ownership Taxes Received20,058020,058
YTD Ambulance Service Fees Received27,487027,487
YTD Interest Received3480348
Deposit Subtotals319,8240319,824
YTD Total Expenses-117,331-343,241-460,572
Loan Proceeds0150,0000
Transfers-215,916 215,9160
YTD Ending Funds Available81,02136,994118,015

 

 

ARKANSAS VALLEY AMBULANCE DISTRICT
GENERAL FUND
STATEMENT OF REVENUES, EXPENDITURES AND CHANGE IN FUNDS AVAILABLE
BUDGET VS. ACTUAL - CASH BASIS (NON-GAAP)
FOR THE ONE MONTH AND EIGHT MONTHS ENDED AUGUST 31, 2024
Unaudited

INCOME

Revenues 
Current Month ActualYTD Actual2024 Adopted BudgetVariance Over (Under)Percent of Budget
Property Taxes$4,732$264,556$244,992$19,564108%
Senior/Veteran Exemption07,3757,000375105%
 Specific Ownership Taxes2,65520,05829,400-9,34268%
Ambulance Service Fees5,31427,48725,0002,487110%
Interest157348200148174%
Total Revenues12,858319,824306,59213,232104%

EXPENSES

Expenses - Administration 
Expense CategoryCurrent Month ActualYTD Actual2024 Adopted BudgetVariance Over (Under)Percent of Budget
Administrative staff - reimbursement$3,521$25,608$44,000($18,392)58%
Community outreach 84 1,355 1,000355136%
Compliance (mandated expenses, taxes, fees) 22 731 500 231146%
County treasurer fees 148 7,092 7,560 (468)94%
District management and accounting 1,489 11,40613,000 (1,594)88%
Dues and subscriptions 30 736 1,000 (264)74%
Insurance (BOD)00 500 (500)0%
Legal00 1,000 (1,000)0%
Office equipment & technology 40 40 2,000 (1,960)2%
Office supplies 30 404 2,500 (2,096)16%
Payroll taxes 154 3,085 3,520 (435)88%
Postage00 500 (500)0%
Printing00 500 (500) -0%
Total Administration5,51850,45777,580-27,12365%
Expenses - Operations 
 Current Month ActualYTD Actual2024 Adopted BudgetVariance Over (Under)% of Budget
Bank Charges$0$136$150$-1491%
Billing & Collection Fees6972,8022,000802140%
Cleaning & Sanitation00500-5000%
Communications1791,1372,200-1,06352%
Dispatch Services1,0843,2524,300-1,04876%
Facility Reimbursements01,5002,000-50075%
Insurance: workers comp, equipment, liability012,34412,000344103%
Medical device maintenance002,000-2,0000%
Medical supplies1693,5616,000-2,43959%
Operating contingency (TABOR) 3%009,200-9,2000%
Personal protection equipment001,000-1,0000%
Uniforms03405,0004,6607%
Utilities581,2033,000-1,79740%
Volunteer benefits1,0018,07325,000-16,92732%
Volunteer responder reimbursement05,847 25,000-19,15323%
Total operations3,18840,19599,350-59,15540%
Expenses - Training 
Current Month ActualYTD Actual2024 Adopted BudgetVariance Over (Under)% of Budget
Continuing education$0$1,879$4,000$-2,12147%
Driver training (EMR)00500-5000%
EMT training019,67220,000-32898%
Training devices, supplies, books001,000-1,0000%
Training equipment - small00500-5000%
Total Training Expenses021,55126,0004,44983%
Expenses - Equipment 
 Current Month ActualYTD Actual2024 Adopted BudgetVariance Over (Under)% of Budget
Ambulance Computers00500-5000%
Ambulance fuel07092,000-1,29135%
Ambulance maintenance1176142,0001,38631%
Ambulance registration & licensing0675500175135%
Communications002,000-2,0000%
Facility005,000-5,0000%
Small equipment1213,1302,0001,130157%
Total Equipment Expenses2385,12814,000-8,87237%

TOTALS & SUMMARY

Income & Expense Totals 
Current Month ActualYTD Actual2024 Adopted BudgetVariance Over (Under)% of Budget
Total Income$12,858$319,824$306,592$13,232104%
Total expenditures8,944117,331216,930-99,59954%
EXCESS OF EXPENDITURES OVER REVENUES3,914202,49389,662112,83154%

 

Other Financing Sources 
 Current Month ActualYTD Actual2024 Adopted BudgetVariance Over (Under)Percent of Budget
Transfer to Capital Fund$-11.128$-215,916-$170,000-$45,916127%
 
Total Funds 
Current Month ActualYTD Actual2024 Adopted BudgetVariance Over (Under)% of Budget
NET CHANGE IN FUNDS AVAILABLE-$7,214-$13,423-$80,338$66,915127%
BEGINNING FUND BALANCE$88,235$94,444
ENDING FUND BALANCE$81,021$81,021 

 

 

 

ARKANSAS VALLEY AMBULANCE DISTRICT
CAPITAL FUND
STATEMENT OF REVENUES, EXPENDITURES AND CHANGE IN FUNDS AVAILABLE
BUDGET VS. ACTUAL - CASH BASIS (NON-GAAP)
FOR THE ONE MONTH AND EIGHT MONTHS ENDED AUGUST 31, 2024
Unaudited

INCOME

Revenues 
Current Month TotalYTD Actual2024 Adopted BudgetVariance Over (Under)% of Budget
Total Revenues00000

EXPENSES

Loan, Building Costs & Improvements 
Current Month TotalYTD Actual2024 Adopted BudgetVariance Over (Under)% of Budget
Loan Principal$0$150,000$150,000$0100%
Loan Interest1,1283,6139,500(-5,887)38%
Loan Costs02,4914,500(-2,009)55%
Building Costs and Improvements0187,137170,00017,137110%
Total Expenditures1,128343,241334,0009,241103%

TOTALS & SUMMARY

Income and Expense Totals 
 Current Month ActualYTD Actual2024 Adopted BudgetVariance Over (Under)% of Budget
Total Income$0$0$0$0$0
Total Expenditures1,128343,241334,0009,241103%
EXCESS OF EXPENDITURES OVER BUDGET-1,128-343,241-334,0009,241103%
Other Financing Sources 
Current Month ActualYTD Actual2024 Adopted BudgetVariance Over (Under)% of Budget
Loan Proceeds$0$150,000$150,000$0100%
Transfer from General Fund11,128215,916$170,00045,916127%
TOTAL OTHER FINANCING SOURCES11,128365,916320,00045,916114%
Total Funds 
 Current Month ActualYTD Actual2024 Adopted BudgetVariance Over (Under)% of Budget
NET CHANGE IN FUNDS AVAILABLE$10,000$22,675$-14,000$36,675 
BEGINNING FUNDS AVAILABLE$26,994$14,319 
ENDING FUNDS AVAILABLE$36,994$36,994