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Township posts favorable year-to-date revenue and expenditure variances; sales tax lags budget
Summary
Chief Financial Officer Kellen Shaw presented November 2024 results: year-to-date revenue exceeded budget by about $1.6 million, expenditures were below budget by $3.7 million, sales tax trailed budget by $1.9 million, and hotel-occupancy and mixed-beverage receipts exceeded expectations.
Kellen Shaw, The Woodlands Township chief financial officer, presented the board with financial results through Nov. 30, 2024, showing a favorable operating position overall but mixed results by revenue type.
Year-to-date budgeted revenue through November was $127,200,000; actual collections reported were $128,800,000, a favorable variance of roughly $1,600,000. Shaw said the variance was driven by higher-than-budgeted…
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