City's September Financial Report

The financial report for the period of January 1st through September was released this week. The City reports the General Fund's Sales and Use Tax collections for the year are 3.9% below the same period last year. It also reports the expenditures for Administration are over 8% above the same period last year. The General Fund Administration expenditures thus far this year are $2,755,278 compared to last year's $2,544,158.

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Now for the good news. The total expenditures in the General Fund are over 13.5% lower than last year. Your operating departments are making up for the administrative overhead.

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Here is some truly good news. The revenues from the Marketplace for September are equal to the 2003 record year and ahead of 2004 and 2002.