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Kennedale finance director reports June revenues slightly ahead on property tax; sales tax and EDC receipts lag budgeted pace
Summary
City finance staff told council property tax revenues were at 101.9% of budget through June, sales tax receipts at about $1.6 million (68.5% of budget) and several funds report timing caveats; cash balances are strong but many funds are allocated to capital projects.
Kennedale’s finance director presented the monthly financial report and a quarterly investment report on July 15, saying the city is generally on or ahead of last year’s pace in key categories but that timing differences affect some fund comparisons.
The finance director reported property tax revenues received to date are 101.9% of budget; sales tax receipts were reported at roughly $1,600,000, or 68.5% of the budget. General fund…
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