DATE: February 9, 2017
TO: Board of Mayor and Aldermen
FROM: Eric Stuckey, City Administrator
Kristine Tallent, Assistant City Administrator/CFO
Mike Lowe, Comptroller
SUBJECT:
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Monthly Reports for February
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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 Report - November 2016
Local Sales Tax Chart - November 2016
Property Tax Report - December 2016
Fuel Hedging Report - January 2017
Transit Authority Report - December 2016
Conference Center Report - December 2016
Investment Report - December 2016
Construction Activities Report - December 2016
Financial Impact
There is no financial impact from the reports. Reports are provided to show any variance from budget.
Recommendation
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Reports are for information only.