Weatherford Democrat

Top News

February 3, 2013

City officials say early revenues on target

By BRIAN SMITH

Weatherford city officials say the city is in good financial shape for the first quarter of fiscal year 2013.

Director of Management and Budget Chad Janicek stated in a staff report through the first three months of the fiscal year, which began in October, the city had received $7.28 million of its expected $25.27 million in general fund revenue.

Approximately $8.56 million had been spent. Both are around 30 percent of the annual budget.

Janicek said in a press release the city typically begins the year in a negative cash flow until property taxes come in at the end of January. As of Dec. 31, about 48 percent of property taxes had already been collected, Janicek said. Most of the other revenues brought in by the city, such as sales tax, licenses and such, are at or above 25 percent so far for the year.

Sales tax collections through November are already up about 4 percent from last year’s numbers. The city projected a 1.5 percent increase in sales tax numbers for the year when budgeting was done last summer.

The city also had several one time expenditures during the first quarter of the fiscal year.

Approximately $1.75 million of the budgeted $4.56 million government services budget has been spent, or 38 percent. Government services includes administration departments, such as human resources, finance and budget and the city manager’s office.

In a staff report, the increased expenditures were said to be due to insurance costs in the finance department that will be allocated to other departments later this year. All other expenditures, including community and infrastructure services are at or about 25 percent which is normal for the first quarter of the year.

The city’s solid waste fund has received 25 percent in estimated revenues but spent 18 percent of expenditures. Sanitation fees continue their slight upward trend over the past few fiscal years. The city is also expecting a surge in new recycling customers, a staff report said, from which revenue should be reflected in future reports.

Text Only
Top News
Must Read
Top News
House Ads
AP Video
Couple Channel Grief Into Soldiers' Retreat WWI Aviation Still Alive at Aerodrome in NY Raw: Rescuers at Taiwan Explosion Scene Raw: Woman Who Faced Death Over Faith in N.H. Clinton Before 9-11: Could Have Killed Bin Laden Netanyahu Vows to Destroy Hamas Tunnels Obama Slams Republicans Over Lawsuit House Leaders Trade Blame for Inaction Malaysian PM: Stop Fighting in Ukraine Cantor Warns of Instability, Terror in Farewell Ravens' Ray Rice: 'I Made a Huge Mistake' Florida Panther Rebound Upsets Ranchers Small Plane Crash in San Diego Parking Lot Busy Franco's Not Afraid of Overexposure Fighting Blocks Access to Ukraine Crash Site Dangerous Bacteria Kills One in Florida Workers Dig for Survivors After India Landslide Texas Scientists Study Ebola Virus Smartphone Powered Paper Plane Debuts at Airshow Southern Accent Reduction Class Cancelled in TN
Poll

The City of Weatherford is considering an ordinance that would ban smoking inside restaurants and enclosed areas where food is prepared, sold or consumed. Do you agree with this proposal?

Yes
No
Undecided
Don't care
     View Results