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I ()? <br />LEE COUNTY <br />Committed Today for a Better Tomorrow <br />LEE COUNTY BOARD OF COMMISSIONERS <br />ITEM ABSTRACT ITEM NO. V. A. <br />XX Information <br />Meeting Date: November 19, 2012 _ Action Item <br />Consent Agenda <br />SUBJECT October 2012 Financial Report <br />DEPARTMENT Finance <br />CONTACT PERSON Lisa G. Minter, Assistant County Manager /Finance Director <br />REQUEST: N/A — Information Only <br />SUMMARY Attached is the Monthly Financial Report for October 2012. Please <br />remember that sales tax revenues run three months behind. Through <br />October 2012, 30.26% of the budgeted ad valorem tax revenue has been <br />collected. We are just slightly ahead of last fiscal year. In reviewing <br />expenditures, the percentage used target is 33.33 %. A few departments <br />are exceeding the target as of the end of October. Governing Body is <br />exceeding due to BRAG fees and dues paid to NCACC and Triangle J. <br />Clerk of Court is above the target due to the cost of offsite storage during <br />the basement renovations. Strategic Services is exceeding due to <br />maintenance agreements. IT is exceeding due to maintenance contracts <br />and completion of projects. <br />Sales tax reports are also attached for collections that we have received <br />through November 2011. At this time, we are tracking well with our budget <br />numbers. <br />BUDGET IMPACT N/A <br />ATTACHMENT(S) (1) Monthly Financial Report for the Month Ended October 31, 2012 <br />(2) Sales Tax Distribution Report <br />(3) Historical Sales Tax Analysis <br />PUBLIC HEARING No <br />PRIOR BOARD ACTION N/A <br />RECOMMENDATION N/A — Information Only <br />