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054 <br />LE~E ~iIJNTY <br />Cornrnittec( Today for a Better Tomorrow <br />LEE COUNTY BOARD OF COMMISSIONERS <br />ITEM ABSTRACT ITEM NO. VII. A. <br />XX Information <br />Meeting Date: March 17, 2008 -Action Item <br />- Consent Agenda <br />SUBJECT: February 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 February 2008. <br />Remember that sales tax revenues run three months behind and <br />many of the restricted intergovernmental revenues, as well as sales <br />and services run one month behind. In reviewing expenditures, the <br />percentage used target is 67%. A few departments are exceeding <br />the target as of the end of February. Governing Body shows <br />71.04% used due to dues and BRAC funding. Several other <br />departments are exceeding 67% due to capital purchases. <br />Economic Development is at 91.72% because of incentives being <br />paid out. Departments showing 75% used are quarterly <br />appropriations. <br />BUDGET IMPACT: N/A <br />ATTACHMENT(S): Monthly Financial Report for the Month Ended February 28, 2008 <br />PUBLIC HEARING: No <br />PRIOR BOARD ACTION: N/A <br />RECOMMENDATION: N/A- Information Only <br />J <br />