Item 3D
Quarterly Review
For the period ended
June 30, 2008
Quarterly Review
General Fund Revenues
Property tax
$14,593,384 (99.4% collected compared to budget)
Sales tax
$5,817,656 collected ($956,422 above budget)
Fines/Forfeitures
$622,670 (collected 62.3% of budget)
Quarterly Review
General Fund Revenues
Permit fees
115 new residential permits issued
Total square footage 642,480
Estimated value $70,241,965
7 new commercial permits issued
Total square footage 264,876
Estimated value $23,781,487
Quarterly Review
General Fund Expenditures
Department expenditures are within expected budget projections
$19,093,626 (64.4% of budget)
Quarterly Review
Utility Fund
Total Revenue $12,926,223
66.8% collected compared to budget
Total Expenses $11,672,387
9.9% disbursed compared to budget
Stormwater Drainage Fund
Total Revenue $952,311
88.8% collected compared to budget
Quarterly Review
Other Funds
SPDC
Sales tax collections $2,782,244
Crime Control
Sales tax collections $2,654,655
Hotel Occupancy Fund
Tax collections $577,585
Strategic Initiative Fund
Expenditures $1,518,139 for software conversion
Quarterly Review
Investments
Market Value $119,643,186
Agency Securities 44.1%
Pools & Money Markets 48.7%
Commercial Paper 7.2%
Interest income $958,230
Questions?