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001 <br />LEE-i'­C9UNTY <br />Committed Today for a Better Tomorrow <br />LEE COUNTY BOARD OF COMMISSIONERS <br />ITEM ABSTRACT ITEM NO. I. A. <br />XX Information <br />Meeting Date: March 15, 2013 _ Action Item <br />Consent Agenda <br />SUBJECT February 2013 Financial Report <br />DEPARTMENT Finance <br />CONTACT PERSON Lisa G. Minter, Assistant County Manager /Finance Director <br />REQUEST: N/A — Information Only <br />SUMMARY The monthly financial report for February 2013 is being provided. Please <br />remember that sales tax revenues run three months behind. Tax <br />collections through February 2013 are slightly behind the same period last <br />year. In reviewing expenditures, the percentage used target is 66.67 %. <br />A few 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. Court Facilities is exceeding due to the off -site <br />storage of records during the basement renovation project. Elections are <br />over due to the cost of the November election. IT is exceeding due to <br />maintenance contracts and completion of projects. <br />Sales tax collections through December 2012 are attached. At this time, <br />we are slightly behind are budget figures. Based on the collections <br />through December, I have projected what I anticipate that we will collect <br />this fiscal year and added those numbers to the sales tax distribution <br />report. As you will see, the numbers are lower than the budget. I will <br />continue to monitor this and update Mr. Crumpton and the Board if I see <br />any significant changes. <br />BUDGET IMPACT N/A <br />ATTACHMENT(S) Monthly Financial Report for the Month Ended February 28, 2013 <br />Sales Tax Distribution Report <br />Historical Sales Tax Analysis <br />PUBLIC HEARING No <br />PRIOR BOARD ACTION N/A <br />RECOMMENDATION N/A — Information Only <br />