DATE: January 8, 2015
TO: Board of Mayor and Aldermen
FROM: Eric Stuckey, City Administrator
Russ Truell, Assistant City Administrator
SUBJECT:
title
Monthly Reports for January
body
Purpose
The purpose of this memo is to provide information to the Franklin Board of Mayor and Aldermen (BOMA) concerning critical revenue streams that influence performance versus budget.
Background
The Finance Department and other departments of the City produce monthly reports on various revenues that the City receives. Those reports are included on the Budget & Finance committee agenda in order to keep the Committee apprised of revenue expectations and actual performance versus budgeted numbers.
Reports include:
Local Sales Tax - October 2014
Property Tax - November 2014
Conference Center Report - November 2014
Transit Authority Report - November 2014
Investment Report - November 2014
Fuel Hedging Report - November 2014
Construction Activities Report - November 2014
1st Quarter Report - September 2014
Financial Impact
There is no financial impact from the reports, although the reports may demonstrates variance from budget.
Recommendation
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There is no staff recommendation. Reports are for information only