Weatherford Democrat

Local News

July 20, 2012

City revenue continues to exceed expectations

WEATHERFORD — Weatherford officials continued to see collected revenue exceed expenditures through the month of June, in part due to strong sales tax numbers.

Ending June 30, the city had received $19,987,003 in revenue, or about 81 percent of the budgeted total while having spent $18,815,615, or about 69 percent of the budget with three months left in the fiscal year, which ends Sept. 30.

Office of Management and Budget Director Chad Janicek said part of the reason was for an increase in the amount of property taxes collected. Janicek said the city is normally conservative and expects to collect somewhere around 96 percent of taxes owed each year. Weatherford officials have so far collected 101 percent of what was budgeted, or about $37,000 more than what was budgeted for the whole fiscal year.

“Most of our property taxes come in at the beginning of the fiscal year, so that will tighten up as the end of the year approaches,” Janicek said.

Still, the number is expected to approach 3 percent over budget at the end of the year, according to a staff report.

Other parts of the revenue are significantly down from what was budgeted, however. So far, year to date revenue from licenses is only 55 percent of budget, or about $225,000 short. Collections from fines and forfeitures are at 54 percent of what was budgeted, or about $332,000 short.

Sales tax numbers are strong, Janicek said. The city has collected $7,190,572 in sales tax monies, or 83 percent of the budgeted amount with still three months left in the budget year.

“We’ve had no new major retailers this year, but some of our major retailers are seeing increases of 14 or 15 percent,” Janicek said. “That’s a good thing as sales tax represents about 40 percent of our budgeted revenue.”

Sales tax revenue is so volatile depending on the economy and how the public feels about it. According to a staff report, end of year collections are projected at 3 percent over budget, although if monthly collections continue at “record” levels, the figure will be likely adjusted upward.

The city has spent roughly 69 percent of its budget with 75 percent of the budget year gone. The city expects to save about 2 percent when compared to the original budget.

Text Only
Local News
  • 0727 loc peaster ffa.jpg Peaster FFA students attend state convention

    The 86th Texas FFA Convention was recently held in Fort Worth. Peaster’s Hannah Ford completed her year of service as a state officer. 

    July 27, 2014 1 Photo

  • Parker County Heritage Society to meet Aug. 19

    Parker County Heritage Society will meet Aug. 19 in the home of Nathan and Abby Hamessely at 410 W. Spring St. at 7 p.m. 

    July 27, 2014

  • AgriLife to offer parenting classes Aug. 19, 21

    The Texas AgriLife Extension Service of Parker County will offer parenting classes on Aug. 19 and 21, 2014, at the Parker County Agricultural Services Center. The classes will be from 1-5 p.m. each day and will include lunch. The cost to attend the class is $10 per person for the two-day class. Scholarships are available.

    July 27, 2014

  • CASA receives national certification for its efforts

    WEATHERFORD – CASA Hope for Children of Parker and Palo Pinto County has just been awarded certification by the National Court Appointed Special Advocate (CASA) Association. This certification recognizes that CASA Hope for Children is in compliance with National CASA’s high standards for quality child advocacy.

    July 26, 2014

  • 0725 loc whs ffa.jpg Weatherford FFA attends state convention in Fort Worth

    Members from the Weatherford FFA chapter attended the 86th annual Texas FFA State Convention July 14-18 in Fort Worth.

    July 26, 2014 1 Photo

  • DAILY RECORD: Marriages and deaths

    Marriages and deaths recorded from July 16, 2014 to July 22, 2014. This information is being provided as a courtesy by the Parker County Clerk. Every effort is made to see that the information is correct and complete. The Parker County Clerk is not responsible should there be an error within the information provided.

    July 25, 2014

  • Dept. of State Health Services releases Aug. schedules

    Texas Department of State Health Services immunization clinics for August:

    July 24, 2014

  • 0723 loc WC upward bound.jpg Traveling the path to success

    Several factors aligned to set Louriann Villa on the path to success including a mother she considers a hero, the Weatherford College Upward Bound program and scholarship funds.

    July 23, 2014 1 Photo

  • Weatherford DAR to host summer workshop

    Weatherford Chapter-DAR will be hosting the District II summer workshop with 94 members from across North Texas attending on Saturday, July 26, from 8:30 a.m. to 2 p.m. at North Side Baptist Church.

    July 23, 2014

  • Painting with a Twist/Painting with a Purpose

    Looking for a fun night out? Join us for the Parker Paws Painting with a Purpose fundraiser from 7-9 p.m. 

    July 20, 2014

Must Read
Top News
House Ads
AP Video
Two Women Narrowly Avoid Being Hit by Train In Virginia, the Rise of a New Space Coast New Sanctions on Key Sectors of Russian Economy Crayola Announces Family Attraction in Orlando US Ready to Slap New Sanctions on Russia Kerry: Not Worried About Israeli Criticism Boater Rescued From Edge of Kentucky Dam Girl Struck by Plane on Florida Beach Dies Rodents Rampant in Gardens Around Louvre House to Vote on Slimmed-down Bill for Border Looming Demand Could Undercut Flight Safety Raw: 2 Shells Hit Fuel Tank at Gaza Power Plant Raw: Massive Explosions From Airstrikes in Gaza Giant Ketchup Bottle Water Tower Up for Sale Easier Nuclear Construction Promises Fall Short Kerry: Humanitarian Cease-fire Efforts Continue Raw: Corruption Trial Begins for Former Va Gov. The Carbon Trap: US Exports Global Warming Traditional African Dishes Teach Healthy Eating