|The city bookkeeper is skilled in the use of QuickBooks Pro and has a detailed chart of accounts that lists all revenues and expenses for the utility. Neither the utility budget nor the overall city budget were originally adopted as a balanced budgets. Both budgets had revenues that exceeded expenditures. Using QuickBooks and Excel, the city bookkeeper provides the city council with monthly profit and loss statements that compare income and expenses to the adopted budget. RUBA staff confirmed that the utility electric bills were tracked in the accounts payable system and were current with the invoices received from Alaska Village Electric Cooperative (AVEC). At the end of May, the utility still had 3,000 gallons of fuel remaining, which will last until the fuel barge arrives. The utility continues to operate in the black. Year-to-date revenues were $193,314 while expenditures were $172,730. Repair and Replacement costs were less year-to-date than budgeted; $15,000 was budgeted for repair and replacement and only $3,875 had been spent. With revenues of $193,314 and projected revenues to be $159,775, year-to-date expenditures are 88% of the forecast budget amount. The monthly managers report is presented to the governing body. A copy of the report from the most recent meeting was provided to the RUBA staff. No budget amendments had been made for FY10 as of May 2010.