DATE: June 5, 2015
TO: Board of Mayor and Aldermen
FROM: Eric Stuckey, City Administrator
SUBJECT:
title
Monthly Reports for June and July
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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 - April 2014
Property Tax - April 2015
Conference Center Report - May 2015
Transit Authority Report - April & May 2015
Investment Report - April 2015
Fuel Hedging Report - May 2015
Construction Activities Report - May 2015
Financial Impact
There is no financial impact from the reports, although the reports may demonstrate variance from budget.
Recommendation
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There is no staff recommendation. Reports are for information only.