DATE: August 8, 2019
TO: Board of Mayor and Aldermen - Budget and Finance Committee
FROM: Eric Stuckey, City Administrator
Kristine Brock, Assistant City Administrator/CFO
Mike Lowe, Comptroller
SUBJECT:
title
Monthly Reports for August 2019
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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.
Beginning with the executive summary, the reports include:
Schedule 1: Local Sales Tax - April, May 2019
Schedule 2: Building Permits - May, June 2019
Schedule 3: Road Impact Fees - May, June 2019
Schedule 4: Facilities Tax (City) - May, June 2019
Schedule 5: Facilities Tax (County) - May, June 2019
Schedule 6: Gasoline Taxes (State Street Aid Fund) - April, May 2019
Schedule 7: Conference Center - May, June 2019
Schedule 8: Grants Report - June 2019
Financial Impact
There is no financial impact from the reports. Reports are provided to show any variance from budget.
Recommendation
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There is no staff recommendation. Reports are for information only.