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f 3 3 <br />• <br />LEE COUNTY <br />Committed Today for a Better Tornorrow <br />LEE COUNTY BOARD OF COMMISSIONERS <br />ITEM ABSTRACT ITEM NO. V. A. <br />XX Information <br />Meeting Date: April 20, 2009 -Action Item <br />- Consent Agenda <br />• <br />SUBJECT: March 2009 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 March 2009. Through <br />March 2009, we have collected 98.06% of our budgeted ad valorem <br />tax revenues. This is .55% lower than last year. Permits and fees and <br />investment income are still significantly behind last year's number <br />through 3/31/09. In reviewing expenditures, the percentage used <br />target is 75%. A few departments are exceeding the target as of the <br />end of March. Juvenile Detention is at 98.82% of budget, and due to <br />the length of some of juveniles' incarcerations, we will need to put <br />money in this line item before year end. Economic Development is at <br />93.68% because of incentives being paid out. During March 2009, the <br />following incentives were paid: Caterpillar - $9,021; Challenge Printing <br />- $9,789; Frontier Spinning - $65,142; Pentair Water, Pool & Spa - <br />$8,105. Agencies that receive funding through quarterly appropriations <br />will reflect 75% used at this time. <br />BUDGET IMPACT: N/A <br />ATTACHMENT(S): Monthly Financial Report for the Month Ended March 31, 2009 <br />PUBLIC HEARING: No <br />PRIOR BOARD ACTION: N/A <br />RECOMMENDATION: N/A - Information Only <br />u <br />