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Finance director: University Place second-quarter revenues beat estimates, expenditures under budget
Summary
Finance Director Leslie Glaisdell reported Q2 general government revenues 6.01% above budget and expenditures 20.41% below budget; notable items included sales tax +4.79%, utility tax +9.95% and investment interest +20.95%. Council members praised conservative forecasting and requested follow-ups on specific line items.
Finance Director Leslie Glaisdell presented the city’s second-quarter financial report, saying overall general government revenues were 6.01% above budget estimates while expenditures were 20.41% below estimates.
Glaisdell gave line-item detail: general sales tax revenues were 4.79% above estimates, parks sales tax 3.9% above, utility-tax receipts 9.95% above estimates, admissions tax 11.85% above and investment interest…
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