DATE: September 14, 2017
TO: Budget and Finance Committee
FROM: Eric Stuckey, City Administrator
Kristine Tallent, Assistant City Administrator/CFO
Mike Lowe, Comptroller
SUBJECT:
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Monthly Reports for September 2017
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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 to keep the Committee apprised of revenue expectations and actual performance versus budgeted numbers.
Beginning with the executive summary, the reports include:
Schedule 1: Local Sales Tax - June 2017
Schedule 2: Building Permits - July 2017
Schedule 3: Road Impact Fees - July 2017
Schedule 4: Facilities Tax (City) - July 2017
Schedule 5: Facilities Tax (County) - July 2017
Schedule 6: Conference Center - July 2017
Schedule 8: Property Tax - FY 2017
Schedule 7: Fuel Hedging - FY 2017
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.