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Third-quarter report: Jacksonville revenues outpace spending; capital projects remain in early stages
Summary
Finance Director Roxanne Bryant told council the city collected about $36.6 million through June 30 (82.6% of budget) while expenditures totaled about $21.9 million (40.5%). Bond-funded capital projects and reimbursements account for timing differences.
Finance Director Roxanne Bryant presented the city’s third-quarter financial report to the Jacksonville City Council on Aug. 12, saying the city had collected approximately $36,600,000 in revenue through June 30, representing about 82.6 percent of the fiscal-year revenue budget.
"As of June 30, we've collected approximately $36,600,000 in revenue, representing 82.6 of the total budget revenue of 44,300,000," Bryant told the council. She said year-to-date spending totaled about $21,900,000, or 40.5 percent of the $54.1 million expenditure budget; she attributed the lower spending percentage largely to the timing of major capital projects and…
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