Submitted By: Judy Wade
Department: Budget
STAFF RECOMMENDATION (Motion Ready):
title
Monthly budget to actual report and Capital Improvement Project status report as of August 31, 2024
end
OCALA’S RELEVANT STRATEGIC GOALS:
Fiscally Sustainable
In accordance with City Council direction, attached is a review of budget to actual performance for August 2024. As previously committed, staff will supply the Council with a monthly informational budget to actual report at the earliest opportunity after closing balances of the prior month.
Attached is a fund-level summary of all revenues and expenses. For the General Fund, there is an additional summary report at the department level.
Typically, state revenues lag two months behind. Therefore, July and August revenues are not yet recorded (i.e., Sales Tax, Municipal Revenue Sharing, etc.) Additionally, Ad Valorem revenues are collected at 100.84 percent collected.
A financial status report for Capital Projects is also included.