Laserfiche WebLink
STAFF REPORT <br />TO: <br />FROM: <br />DATE: <br />RE: <br />Mayor Keis and Members of the City Council <br />Brenda Malinowski, Finance Director <br />April 28, 2021 <br />2021 1st Quarter Financial Report <br />INTRODUCTION: <br />Attached is the General Fund Financial Report for the 1st Quarter with comparison information <br />for the 1st Quarter 2020. <br />Attachments: <br />•General Fund Quarterly Financial Report <br />•Special Revenue and Enterprise Funds Quarterly Financial Report <br />•Investments by Maturity and Type <br />General Fund Revenue <br />Since property tax collections are not received until July and December each year, only 2.58% of <br />the budgeted revenue has been collected through the 1st quarter of 2021. This is slightly lower <br />than past years. 2019 was an exception when a significant building permit was collected during <br />the 1st quarter. <br />3.87%3.10%6.25%2.78%2.58% <br />0.00% <br />10.00% <br />20.00% <br />30.00% <br />40.00% <br />50.00% <br />60.00% <br />70.00% <br />80.00% <br />90.00% <br />100.00% <br />2017 2018 2019 2020 2021 <br />% of Revenue to Budget