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Director Memorandum 18-004
Date: January 16, 2018
Prepared By: Allison M. Edmisten, Chief Financial Officer
Subject: Discussion Regarding the Use of Updated Percentages for Monthly
Unaudited Financial Reports
Recommendation: That by minute order, the Board directs District staff to utilize revised
percentages for tracking revenues and expenses throughout the fiscal
year in future unaudited financial reports.
Each month, the unaudited financial statements are presented to the Board of Directors for
review. Within the unaudited statements is a percentage for estimating revenue and expenses to
determine if the District is trending as anticipated. These percentages were last updated in 2009.
The District staff reviewed the last three years of expenses, including year-end accruals. As a
result of this review, staff is recommending to change the monthly estimated revenue and
expenses as provided below.
Current Proposed
Percentage Percentage
July 4% 5%
August 12% 13%
September 21% 20%
October 29% 30%
November 37% 36%
December 46% 43%
January 54% 49%
February 62% 56%
March 71% 65%
April 79% 72%
May 87% 81%
June 96% 90%
Year-end Accrual 4% 10%
TOTAL 100% 100%
If there is a consensus of the Board of Directors, the proposed percentages will be reflected in
future unaudited financial reports.
Yucaipa Valley Water District - January 16, 2018 - Page 159 of 287
