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Provo City releases first-quarter financial update showing mixed sales-tax trends
Summary
Administrative Services Director John Borda presented an unaudited first-quarter update showing overall revenues slightly below budget but above last year, with sales tax lagging and several enterprise funds performing strongly.
John Borda, Provo City Administrative Services director, told the municipal council the city’s first-quarter financial results are unaudited but show the city roughly where it expected to be as work continues on the fiscal year budget. "This information is not audited, but the goal is to provide some kind of an update so you can see where we're trending," Borda said.
Borda said overall general-fund revenues were slightly below budget…
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