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056 <br />LEE COUNTY <br />Committed Today for a Better Tomorrow <br />LEE COUNTY BOARD OF COMMISSIONERS <br />ITEM ABSTRACT <br />Meeting Date: <br />ITEM NO. VII. A. <br />_ Information <br />_ Action Item <br />Consent Agenda <br />SUBJECT September 2013 Monthly Financial Report <br />DEPARTMENT Finance <br />CONTACT PERSON Lisa G. Minter, Finance Director <br />REQUEST N/A — Information Only <br />SUMMARY Attached is the Monthly Financial Report for September 2013. Please <br />remember that sales tax revenues run three months behind. Tax <br />collections through September 2013 are 4.04% ahead of the same <br />period last year. Several large businesses and mortgage companies <br />have paid early this year. In reviewing expenditures, the percentage <br />used target is 25 %. A few departments are exceeding the target as of <br />the end of September. Governing Body is exceeding due to dues paid <br />to NCACC and Triangle J. IT is exceeding the target due to annual <br />maintenance contracts and insurance premiums. General Services is <br />at 25.88% due to annual maintenance contracts and insurance <br />premiums. Youth Services and Hillcrest are over the target due to the <br />closure of these divisions. W IA -Youth Employment is at 39.27% due to <br />participant support payments during the summer. <br />You will also find attached the sales tax collections for July 2013. <br />BUDGET IMPACT N/A <br />ATTACHMENT(S) (1) Monthly Financial Report for the Month Ended September 30, 2013 <br />(2) Monthly Sales Tax Distribution report <br />(3) Historical Sales Tax Analysis <br />PUBLIC HEARING <br />PRIOR BOARD ACTION <br />12 <br />N/A <br />RECOMMENDATION N/A — Information Only <br />