The Monthly Financial Report as of May 31, 2009 can be found here. The benchmark of budget estimates versus the amount spent at this point in time is 42%.
A couple items to note include:
- General Fund Revenues are currently slightly above (at 46%) the overall estimate at this point of the year, but is due to the timing of Property Tax disbursements - the City receives all of theses funds during the first half of the year. Several revenues to watch since they are significantly below budget as of May 31st are: Building Permits (21%); Net Profit Income Taxes (32%); and, Municipal Court Costs & Fines (36%).
- Overall General Fund Expenditures are still slightly below budget (39%), and are lower than actual expenditures at this point in time in 2007.
- Other revenues to keep an eye on since they are currently below estimates include: Street Construction, Maintenance & Repair (SCMR) that is derived from gasoline & motor vehicle taxes (39%); Emergency Medical Services (EMS) Transport Charges (38%); and Water, Sewer & Wastewater Treatment billings (37-38%).
Also, the City has not yet received its Community Development Block Grant (CDBG) and Emergency Shelter Grant (ESG) funds, although we have been given notice of the City's disbursement amounts.
A couple items to note include:
- General Fund Revenues are currently slightly above (at 46%) the overall estimate at this point of the year, but is due to the timing of Property Tax disbursements - the City receives all of theses funds during the first half of the year. Several revenues to watch since they are significantly below budget as of May 31st are: Building Permits (21%); Net Profit Income Taxes (32%); and, Municipal Court Costs & Fines (36%).
- Overall General Fund Expenditures are still slightly below budget (39%), and are lower than actual expenditures at this point in time in 2007.
- Other revenues to keep an eye on since they are currently below estimates include: Street Construction, Maintenance & Repair (SCMR) that is derived from gasoline & motor vehicle taxes (39%); Emergency Medical Services (EMS) Transport Charges (38%); and Water, Sewer & Wastewater Treatment billings (37-38%).
Also, the City has not yet received its Community Development Block Grant (CDBG) and Emergency Shelter Grant (ESG) funds, although we have been given notice of the City's disbursement amounts.
Labels: Finance
posted by The City of Lakewood, Ohio at
2:12 PM
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