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0 :3 i <br />LEE COUNTY <br />Committed Today for a Better Tomorrow <br />LEE COUNTY BOARD OF COMMISSIONERS <br />ITEM ABSTRACT ITEM NO. IV. A. <br />XX Information <br />Meeting Date: February 18, 2008 -Action Item <br />- Consent Agenda <br />SUBJECT: January 2008 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 January 2008. Property <br />tax revenues remained high again this month: however, these <br />revenues will drop off over the remainder of the fiscal year. Please <br />remember that sales tax revenues run three months behind. In <br />reviewing expenditures, the percentage used target is 59%. A few <br />departments are exceeding the target as of the end of December <br />Governing Body shows 67.08% used due to dues and BRAC <br />funding. Several other departments are exceeding 59% due to <br />capital purchases. Economic Development is at 90.43% because of <br />incentives being paid out. Departments showing 75% used are <br />quarterly appropriations. <br />BUDGET IMPACT: N/A <br />ATTACHMENT(S): Monthly Financial Report for the Month Ended January 31, 2008 <br />PUBLIC HEARING: N/A <br />PRIOR BOARD ACTION: N/A <br />RECOMMENDATION N/A <br />J <br />