City tax receipted underwhelming
The best Finance Director Bruce Nelson can say about the city’s April financial report is that there’s nothing bad to say.
“Nothing really stands out,” he said. “There wasn’t much to report on this month.”
Sales taxes collected in April are reported by retailers in May and revenues given to the city in June.
The city gets a portion of the county-levied sales tax and that portion has remained steady since January.
April’s sales were .74 percent higher than last year’s — although conservative budgeting puts the city $17,218 ahead in that revenue source.
City sales tax was down 1.47 percent in April and a total of 1.6 percent ahead for the year.
“Basically we’re holding on in sales tax,” Nelson said. “There’s nothing exciting in these figures.”
Year-to-date, the city has collected $980,426 in city sales tax and $372,218 from the county sales tax.
Sales tax accounts for nearly 80 percent of the city’s revenues.
“It seems to be hanging right in there,” Nelson said.
“I hope it will pick up with the new business that’s coming to town.”
Five months into the year, the city has spent 42 percent of what it has budgeted, which Nelson said is right on track. Thirty-three percent of its anticipated revenues are in.
The city’s water, wastewater and solid waste fund, which are all enterprise funds, aren’t as healthy as the general fund.
An enterprise fund is one which the service is paid for by fees collected, not tax dollars.
The water fund is short nearly $10,000 from what was budgeted.
Every month but March has been better than expected, but not enough to make up for the $20,000 March was behind. Officials expect the summer months to help make up the deficit.
The wastewater fund is also behind projections by $8,676.
The solid waste fund is the only enterprise fund that’s ahead, though only by $2,570.
Christina M. Currie can be reached at 824-7031, ext. 210 or by e-mail at email@example.com.
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