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?