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Director Memorandum 19-004
Date: January 15, 2019
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 on
January 16, 2018 [Director Memorandum 18-004].
Recently, staff reviewed the last four years of expenses, including year-end accruals. As a result
of this review, staff is recommending a change the monthly estimated revenue and expenses as
listed below.
Current Proposed
Percentage Percentage
July 5% 5%
August 13% 12%
September 20% 19%
October 30% 28%
November 36% 34%
December 43% 41%
January 49% 47%
February 56% 54%
March 65% 62%
April 72% 69%
May 81% 77%
June 90% 86%
Year-end Accrual 10% 14%
TOTAL 100% 100%
If there is a consensus of the board members, the proposed percentages will be reflected in the
future unaudited financial reports.
Yucaipa Valley Water District - January 15, 2019 - Page 60 of 184
