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Quarterly report: Dana Point revenues track ahead as hotel receipts and property taxes rise; committee approves filing
Summary
The Financial Review Committee reviewed the city’s third‑quarter finances and voted 5‑0 to forward the report to city council. Staff said year‑to‑date general fund revenue totaled $36.6 million, with transient occupancy and property tax gains driving performance; staff also updated the committee on hotel TOT audits and TRT system changes.
The Financial Review Committee voted unanimously April 28 to forward the city’s third‑quarter financial report to the City Council after staff said revenues were modestly ahead of expectations.
Andrea Bartlow, the city’s presenter, reported that general fund revenue through March 31 totaled $36,600,000 while expenditures excluding transfers were $34,300,000. "The overall financial performance is within expectations at this point in the fiscal year," Bartlow said, noting that higher transient occupancy tax (TOT), property tax and investment income were the primary drivers of the improvement.
Bartlow detailed that TOT receipts through March totaled $13,600,000 — an increase of…
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