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Item 3CFinance Department’s Quarterly Review For the period ended December 31, 2006 General Fund Revenues Property tax $5,732,779 (44.3% collected compared to budget) Sales tax $2,400,469 collected ($394,591 above budget) Fines/Forfeitures $214,185 (collected 17.6% of budget) General Fund Revenues Permit fees 29 new residential permits issued Total square footage 164,150 Estimated value 19,862,703 13 new commercial permits issued Total square footage 252,005 Estimated value 19,862,703 General Fund Expenditures Department expenditures are within expected budget projections $5,567,718 (20.5% of budget) Utility Fund Total Revenue $4,499,887 24.8% collected compared to budget Total Expenses $2,191,860 12.2% disbursed compared to budget Other Funds SPDC Sales tax collections $1,182,320 Crime Control Sales tax collections $1,135,619 Strategic Initiative Fund Expenditures $131,615 for sidewalks and software conversion Questions?