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Agenda - 02-21-2017-13-5 - Information Item - Memorandum - Second Quarter FY2016-17 Financial Report - Period Ending December 31, 2016
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Agenda - 02-21-2017-13-5 - Information Item - Memorandum - Second Quarter FY2016-17 Financial Report - Period Ending December 31, 2016
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2/16/2017 4:42:35 PM
Creation date
11/1/2017 10:13:27 AM
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BOCC
Date
2/21/2017
Meeting Type
Regular Meeting
Document Type
Agenda
Agenda Item
13-5
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9 <br /> General Fund Revenue Overview <br /> • Revenue performance through second quarter is on track to <br /> meet budget projections <br /> • Property tax revenue collections slightly below prior year but this <br /> is a timing variance which is expected to be corrected by third <br /> quarter financial report <br /> • Property tax revenues represent more than 70% of Budgeted <br /> General Fund revenues <br /> • Sales tax revenues accounts for approximately 10% of Budgeted <br /> General Fund revenues; State Department of Revenue <br /> remittances normally lags due to processing and distribution <br /> • Remaining 20% of revenues consists primarily of <br /> Intergovernmental and Charges for Services <br />
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