Monthly Financial Reports - August 2024

 

 

 

ARKANSAS VALLEY AMBULANCE DISTRICTCASH POSITION YEAR TO DATE AS OF AUGUST 31, 2024
Account Activity Item Description Operating Checking Bank Emergency Checking Bank Reserve Checking Bank Saving's Reserve TOTALS ALL ACCOUNTS
BEGINNING BALANCE PER BANK $14,221 $575 $14,319 $79,648 $108,763
YTD Credits 110,895 14,132 225,002 432,969 782,998
YTD Debits -113,887 -11,979 -202,327 -445,563 -773,746
YTD Balance 11,239 2,728 36,994 67,054 118,015
Transfers 0 0 0 0 0
YTD Balance Less Outstanding Checks 11,239 2,728 336,994 67,054 118,015
Restricted Cash - Capital   -36,994   -36,994
Adjusted Balance Less Restricted Cash 11,239 2,728 0 67,054 81,021

 

 

ARKANSAS VALLEY AMBULANCE DISTRICTFUND/PROJECT ALLOCATION OF AVAILABLE BALANCES YEAR TO DATE (YTD) AS OF AUGUST 31, 2024Unaudited
Account Activity item Description General Capital Totals/All Funds
Beginning Funds Available $94,444 $14,319 $108,763
YTD Property Taxes Received 271,931 0 271,931
YTD Specific Ownership Taxes Received 20,058 0 20,058
YTD Ambulance Service Fees Received 27,487 0 27,487
YTD Interest Received 348 0 348
Deposit Subtotals 319,824 0 319,824
YTD Total Expenses -117,331 -343,241 -460,572
Loan Proceeds 0 150,000 0
Transfers -215,916  215,916 0
YTD Ending Funds Available 81,021 36,994 118,015

 

 

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

INCOME

Revenues 
Current Month Actual YTD Actual 2024 Adopted Budget Variance Over (Under) Percent of Budget
Property Taxes $4,732 $264,556 $244,992 $19,564 108%
Senior/Veteran Exemption 0 7,375 7,000 375 105%
 Specific Ownership Taxes 2,655 20,058 29,400 -9,342 68%
Ambulance Service Fees 5,314 27,487 25,000 2,487 110%
Interest 157 348 200 148 174%
Total Revenues 12,858 319,824 306,592 13,232 104%

EXPENSES

Expenses - Administration 
Expense Category Current Month Actual YTD Actual 2024 Adopted Budget Variance Over (Under) Percent of Budget
Administrative staff - reimbursement $3,521 $25,608 $44,000 ($18,392) 58%
Community outreach 84 1,355 1,000 355 136%
Compliance (mandated expenses, taxes, fees) 22 731 500 231 146%
County treasurer fees 148 7,092 7,560 (468) 94%
District management and accounting 1,489 11,406 13,000 (1,594) 88%
Dues and subscriptions 30 736 1,000 (264) 74%
Insurance (BOD) 0 0 500 (500) 0%
Legal 0 0 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%
Postage 0 0 500 (500) 0%
Printing 0 0 500 (500) - 0%
Total Administration 5,518 50,457 77,580 -27,123 65%
Expenses - Operations 
 Current Month Actual YTD Actual 2024 Adopted Budget Variance Over (Under) % of Budget
Bank Charges $0 $136 $150 $-14 91%
Billing & Collection Fees 697 2,802 2,000 802 140%
Cleaning & Sanitation 0 0 500 -500 0%
Communications 179 1,137 2,200 -1,063 52%
Dispatch Services 1,084 3,252 4,300 -1,048 76%
Facility Reimbursements 0 1,500 2,000 -500 75%
Insurance: workers comp, equipment, liability 0 12,344 12,000 344 103%
Medical device maintenance 0 0 2,000 -2,000 0%
Medical supplies 169 3,561 6,000 -2,439 59%
Operating contingency (TABOR) 3% 0 0 9,200 -9,200 0%
Personal protection equipment 0 0 1,000 -1,000 0%
Uniforms 0 340 5,000 4,660 7%
Utilities 58 1,203 3,000 -1,797 40%
Volunteer benefits 1,001 8,073 25,000 -16,927 32%
Volunteer responder reimbursement 0 5,847  25,000 -19,153 23%
Total operations 3,188 40,195 99,350 -59,155 40%
Expenses - Training 
Current Month Actual YTD Actual 2024 Adopted Budget Variance Over (Under) % of Budget
Continuing education $0 $1,879 $4,000 $-2,121 47%
Driver training (EMR) 0 0 500 -500 0%
EMT training 0 19,672 20,000 -328 98%
Training devices, supplies, books 0 0 1,000 -1,000 0%
Training equipment - small 0 0 500 -500 0%
Total Training Expenses 0 21,551 26,000 4,449 83%
Expenses - Equipment 
  Current Month Actual YTD Actual 2024 Adopted Budget Variance Over (Under) % of Budget
Ambulance Computers 0 0 500 -500 0%
Ambulance fuel 0 709 2,000 -1,291 35%
Ambulance maintenance 117 614 2,000 1,386 31%
Ambulance registration & licensing 0 675 500 175 135%
Communications 0 0 2,000 -2,000 0%
Facility 0 0 5,000 -5,000 0%
Small equipment 121 3,130 2,000 1,130 157%
Total Equipment Expenses 238 5,128 14,000 -8,872 37%

TOTALS & SUMMARY

Income & Expense Totals 
Current Month Actual YTD Actual 2024 Adopted Budget Variance Over (Under) % of Budget
Total Income $12,858 $319,824 $306,592 $13,232 104%
Total expenditures 8,944 117,331 216,930 -99,599 54%
EXCESS OF EXPENDITURES OVER REVENUES 3,914 202,493 89,662 112,831 54%

 

Other Financing Sources 
  Current Month Actual YTD Actual 2024 Adopted Budget Variance Over (Under) Percent of Budget
Transfer to Capital Fund $-11.128 $-215,916 -$170,000 -$45,916 127%
 
Total Funds 
Current Month Actual YTD Actual 2024 Adopted Budget Variance Over (Under) % of Budget
NET CHANGE IN FUNDS AVAILABLE -$7,214 -$13,423 -$80,338 $66,915 127%
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 Total YTD Actual 2024 Adopted Budget Variance Over (Under) % of Budget
Total Revenues 0 0 0 0 0

EXPENSES

Loan, Building Costs & Improvements 
Current Month Total YTD Actual 2024 Adopted Budget Variance Over (Under) % of Budget
Loan Principal $0 $150,000 $150,000 $0 100%
Loan Interest 1,128 3,613 9,500 (-5,887) 38%
Loan Costs 0 2,491 4,500 (-2,009) 55%
Building Costs and Improvements 0 187,137 170,000 17,137 110%
Total Expenditures 1,128 343,241 334,000 9,241 103%

TOTALS & SUMMARY

Income and Expense Totals 
  Current Month Actual YTD Actual 2024 Adopted Budget Variance Over (Under) % of Budget
Total Income $0 $0 $0 $0 $0
Total Expenditures 1,128 343,241 334,000 9,241 103%
EXCESS OF EXPENDITURES OVER BUDGET -1,128 -343,241 -334,000 9,241 103%
Other Financing Sources 
Current Month Actual YTD Actual 2024 Adopted Budget Variance Over (Under) % of Budget
Loan Proceeds $0 $150,000 $150,000 $0 100%
Transfer from General Fund 11,128 215,916 $170,000 45,916 127%
TOTAL OTHER FINANCING SOURCES 11,128 365,916 320,000 45,916 114%
Total Funds 
  Current Month Actual YTD Actual 2024 Adopted Budget Variance 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