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November financial report: McAlester shows modest month deficit, year-to-date sales-tax gains
Summary
Finance staff told the council November results show approximately $6.9 million in general-fund revenues and $6.7 million in expenditures, with an approximate $75,000 deficit for the month but year-to-date sales-tax receipts outperforming budget by about $82,000.
Finance staff presented the city's November financial report, telling council that the fiscal year is 41.67% complete and the general fund has collected about $6,900,000 in revenues against roughly $6,700,000 in expenditures.
After accounting for an estimated tenth payment ($469,000) and monthly transfers, staff said the general fund reflected an approximate $75,000 deficit for the month. Staff…
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