Item 3DInnovation ◊ Integrity ◊ Accountability ◊ Commitment to Excellence ◊ Teamwork
Quarterly Review
For the period ended
December 31, 2007
Quarterly Review
General Fund Revenues
Property tax
$5,456,711(37.2% collected compared to budget)
Sales tax
$1,543,868 collected ($283,922 above budget)
Fines/Forfeitures
$155,325 (collected 15.5% of budget)
Quarterly Review
General Fund Revenues
Permit fees
34 new residential permits issued
Total square footage 198,512
Estimated value 20,981,112
2 new commercial permits issued
Total square footage 22,835
Estimated value 1,222,700
Quarterly Review
General Fund Expenditures
Department expenditures are within expected budget projections
$7,104,951 (24.0% of budget)
Quarterly Review
Utility Fund
Total Revenue $4,528,708
23.4% collected compared to budget
Total Expenses $1,908,584
9.9% disbursed compared to budget
Stormwater Drainage Fund
Total Revenue $294,337
27.5% collected compared to budget
Quarterly Review
Other Funds
SPDC
Sales tax collections $733,347
Crime Control
Sales tax collections $710,374
Hotel Occupancy Fund
Tax collections $153,904
Strategic Initiative Fund
Expenditures $35,898 for software conversion
Quarterly Review
Investments
Market Value $103,547,987
Agency Securities 65.6%
Pools & Money Markets 26.8%
Commercial Paper 7.6%
Questions?
Innovation ◊ Integrity ◊ Accountability ◊ Commitment to Excellence ◊ Teamwork