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C3J <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: April 19, 2010 -Action Item <br />- Consent Agenda <br />SUBJECT: March 2010 Financial Report <br />DEPARTMENT: <br />Finance <br />CONTACT PERSON: <br />Lisa G. Minter, Finance Director <br />REQUEST: <br />N/A - Information Only <br />• <br />SUMMARY: <br />Attached is the Monthly Financial Report for March 2010. Please <br />remember that sales tax revenues run three months behind. <br />Through March 2010, 100.88% of the budgeted tax revenue has <br />been collected. This puts the County 2.82% ahead of the same <br />period last year. Other taxes and licenses continue to run behind <br />last year. Most of the difference <br />is attributable to lower deed excise tax revenue. Investment <br />earnings are also significantly behind last year. In reviewing <br />expenditures, the percentage used target is 75%. A few <br />departments are exceeding the target as of the end of February. <br />Governing Body is exceeding due to BRAC fees and dues paid to <br />NCACC and Triangle J. Economic Development is at 80.69% <br />because of incentives paid in March 2010. <br />BUDGET IMPACT: N/A <br />ATTACHMENT(S): Monthly Financial Report for the Month Ended March 31, 2010 <br />List of Incentives Paid in March 2010 <br />PUBLIC HEARING: No <br />PRIOR BOARD ACTION: NIA <br />• RECOMMENDATION: Information Only <br />