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Q� <br />LEE COUNTY <br />N, };.t. <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: May 16, 2016 _ Action Item <br />Consent Agenda <br />SUBJECT: Monthly Financial Report for April 2016 <br />DEPARTMENT: Finance <br />CONTACT PERSON: Lisa G. Minter, Assistant County Manager/Finance Director <br />RE UEST: N/A — Information Only <br />SUMMARY: Attached is the Monthly Financial report for April 2016. Please remember <br />that sales tax revenues run three months behind. Tax collections through <br />April 2016 are 1.71 percent behind the same period last year. Sales tax <br />revenues through January 2016 have been posted, and we are on target <br />with our budget. In reviewing expenditures, the percentage used target is <br />83.33%. The only department exceeding the target as of the end of April is <br />Medical Examiner. <br />Sales tax collections through February 2016 are attached. At this time, we <br />are tracking slightly ahead of our sales tax budgets. Based on the county- <br />wide historical analysis that is attached, overall sales tax collections are up <br />6.70% compared to the same period last year. Article 46 sales tax <br />collections which is the best overall look at sales in Lee County is up <br />8.46%. <br />BUDGET IMPACT: N/A <br />ATTACHMENT(S): 1) Monthly Financial Report for the Month Ended April 30, 2016 <br />2) Sales Tax Distribution Report <br />3) Historical Sales Tax Analysis <br />4) Countywide Historical Sales Tax Analysis <br />PUBLIC HEARING: No <br />PRIOR BOARD ACTION: N/A <br />RECOMMENDATION: N/A — Information Only <br />