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07i <br />• LEE COUNTY <br />Committed Today for a Better Tomorrow <br />MEMORANDUM <br />To: Lee County Board of Commissioners <br />From: Lisa G. Minter, Interim County Manager/Finance Director <br />Date: April 5, 2007 <br />Subject: Monthly Financial Reports <br />Please find attached a copy of the monthly financial report for March <br />2007. When reviewing the monthly financial report, please keep in mind <br />that Local Option Sales Taxes run three months behind. Other revenues <br />running behind the target of 75% are reimbursements that run at least one <br />S month behind. Unrestricted intergovernmental revenues represent beer & <br />wine taxes which must be distributed by the state within sixty days past <br />March 31. <br />Most departments are hovering around the 75% target for the end of <br />March or are below the target. Governing Body is at 81.10% due to the <br />payment for the space needs study presented to the Board of <br />Commissioners in February 2007. Economic Development is at 81.13% <br />because of payments to the Economic Development Corporation for <br />incentives for this fiscal year. <br />The monthly sales tax report will be provided in a Friday mailing as the <br />information is not available at this time. <br />Please let me know if you have any questions or concerns. <br />0 <br />APR - 5 2007 <br />~p <br />