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Finance committee hears December hotel and rental tax receipts, accepts quarterly update
Summary
City staff reported December hotel-motel collections of about $295,154 and auto-rental receipts of about $9,890 and told the committee year-to-date revenues have outpaced budget projections; the committee moved to receive the quarterly finance update.
City staff delivered a quarterly finance update and reported higher-than-expected December receipts at a Marietta committee meeting.
A staff presenter reviewed hotel-motel tax collections and said December’s hotel receipts were about $295,154 and left a hotel reserve balance in the tens of thousands; auto-rental tax receipts for the month were presented at roughly $9,890. The presenter also told members the city’s year-to-date revenues have exceeded budget projections, in part because real-property tax collections posted earlier-than-expected and license and occupational-renewal receipts will continue into spring.
Chair (S1) asked for questions and the committee moved to receive the quarterly finance report. The motion was seconded and approved on the committee floor.
The presentation noted salary and personnel costs remain the largest single expense category and staff said they are monitoring encumbrances and capital carryovers that will be finalized at year-end. No new tax rates or policy changes were proposed at the meeting; staff indicated any year-end capital reallocation would be presented to council when final figures are available.
