Item 3DFinance Department’s
Quarterly Review
For the period ended
March 31, 2007
General Fund Revenues
Property tax
$12,550,775 (96.9% collected compared to budget)
Sales tax
$3,001,466 collected ($404,933 above budget)
Fines/Forfeitures
$478,146 (collected 39.3% of budget)
General Fund Revenues
Permit fees
81 new residential permits issued
Total square footage 441,954
Estimated value 39,343,500
17 new commercial permits issued
Total square footage 329,394
Estimated value 27,905,683
General Fund Expenditures
Department expenditures are within expected budget projections
$11,804,513 (43.4% of budget)
Utility Fund
Total Revenue $7,542,788
41.6% collected compared to budget
Total Expenses $8,640,995
47.9% disbursed compared to budget
Other Funds
SPDC
Sales tax collections $1,457,880
Crime Control
Sales tax collections $1,426,380
Strategic Initiative Fund
Expenditures $1,102,345 for sidewalks, software conversion and fire ladder truck initial payment
Questions?