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045 <br />LEE COUNTY <br />Committed Today for a Better Tomorrow <br />LEE COUNTY BOARD OF COMMISSIONERS <br />ITEM ABSTRACT ITEM NO. VI. A. <br />XX Information <br />Meeting Date: November 16, 2015 _ Action Item <br />Consent Agenda <br />SUBJECT: Monthly Financial Report for Month Ending October 2015 <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 October 2015. Please <br />remember that sales tax revenues run three months behind. Tax <br />collections as a percentage of budget through October 2015 are 1.12% <br />behind the same period last year. This is probably just a variance due to <br />timing of payments. In reviewing expenditures, the percentage used target <br />is 33.33%. A few departments are exceeding the target as of the end of <br />September. Governing Body is exceeding due to dues paid to NCACC, <br />Triangle Area RPO, and Triangle J. Finance is exceeding due to audit <br />fees. IT is exceeding the target due to annual maintenance contracts, <br />equipment purchases and insurance premiums. Senior Services <br />Transportation is at 38.78% due to purchase of vans and insurance <br />premiums. <br />Sales tax reports showing distributions for sales through August 2015 are <br />attached. <br />BUDGET IMPACT: N/A <br />ATTACHMENT(S): 1) Monthly Financial Report for the Month Ended October 31, 2015 <br />2) Monthly Sales Tax Analysis, <br />3) Lee County Historical Sales Tax Analysis, <br />4) County -wide Historical Sales Tax Analysis <br />PUBLIC HEARING: No <br />PRIOR BOARD ACTION: N/A <br />RECOMMENDATION: Information Only <br />