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Pampa commission reviews second-quarter finances; officials say revenues track near budget
Summary
City staff presented second-quarter financials showing the general fund and enterprise funds roughly on track for the year; sales tax timing and restricted water funds were cited as reasons the snapshot looks uneven but not alarming.
City staff presented the city’s second-quarter financial report, telling the Pampa City Commission that revenues and expenditures for the general fund and most enterprise funds are tracking near budget projections but that timing differences in sales tax and utility bill receipts make the midyear snapshot appear uneven. "That very first one on our sales tax, it's showing that we've collected 58.36% in sales tax," the finance presenter said, and added that sales-tax collections run about two and a half months behind. "If we were to collect 4% more, we would add a 180,000. If we were to go 3% less, we would lose a 135,000." The presenter also said the city had received about $12.8 million of…
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