Williamsburg financial snapshot: June revenues exceed expenditures by about $996,000; room and sales taxes trending near budget

Dan Deesberg, budget analyst, presented the city's June financial report on July 10, reporting that as of June 30 the general fund's revenues exceeded expenditures by approximately $996,000 and that general‑fund revenues were about 98% of budget.

Deesberg gave line‑by‑line snapshots: real‑estate tax collections were about $19.3 million (slightly above budget, partly from roughly $200,000 in supplemental billings); personal‑property taxes were about $1.6 million (98% of budget); room tax was approximately $3.5 million (about 92% of budget); the city's 1% sales tax generated roughly $4.9 million (94% of budget, reported through April activity); and tourism lodging revenues were about $896,000 (95% of budget). Deesberg noted some amounts lag two months in reporting and that the city expects to close the year in line with budget.

He also reported the general fund expenditure side stood at about 96% of budget as of June 30, compared with 99.5% at the same point last year. Deesberg said permit revenues and fines were ahead of budget and that the utility fund was in line with budget overall with higher-than-expected water and sewer fee revenues cushioning the fund.

Councilmembers asked for clarifications about spikes in May meals tax receipts; Deesberg explained late payments posted in June included reunion‑related activity. The mayor and council thanked staff for the report and for continuing to monitor revenues as the fiscal year closes.