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DBI projects small surplus but flags refunds and legal costs; supplemental appropriation planned
Summary
DBI Financial Services Manager Pamela Levin told the commission the department projects a year‑end surplus of about $1.4 million based on September 2009 actuals, but noted large refunds in September (~$300,000), recognition of $856,000 in MOU revenues and a projected expenditure shortfall of roughly $865,000; staff said a supplemental appropriation request will be submitted.
Pamela Levin, DBI financial services manager, presented the department’s monthly financial report through September 2009 and said DBI is currently projecting a year‑end surplus of roughly $1.4 million (about 4% of the department’s budget) based on three months of actuals and a set of revenue recognition decisions.
Levin described the main drivers behind the projection: $164,000 of carried‑forward encumbrances, an estimated $1,000,000 in additional revenues…
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