At last night’s City Commission meeting, Director of Finance Kim Rupp presented the City’s financial report for August. One of the items presented in the financial report was city revenue. According to the report, revenue in August decreased $569,182 as compared to August 2012. Expenditures also decreased a total of $128,956 from this time last year.
The report stated that while revenue from sewer service charges increased $15,736 from 2012, water sales and conservation revenue was down $39,673 for the month. Year-to-date business and residential water consumption is down 12.5% translating into a 10.2% decrease in total water and conservation revenue.
Rupp also reported that month-to-date general fund sales tax collections down down just $19,063 or -2.84% as compared to last year. Year-to-date general fund sales tax collections are off $6,651 or -.14%. The six month running average on sales tax collections is slightly down at -.30%.