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Aberdeen reports rising building-permit revenue, strong cash position in April report
Summary
Town staff reported April revenues of about $13.96 million (94% of budget) and combined net income of roughly $2.8 million; building-permit receipts and system development fees exceeded budgeted amounts, reflecting ongoing local development.
Aberdeen — Town finance staff reported on May 27 that through the end of April the general fund had recorded $13,957,544 in revenues (about 94.1% of budget) and expenditures of roughly $11.98 million, leaving net positive funds for the period. Mr. Watson, presenting the monthly financial report, highlighted that building-permit revenues were substantially above budget — figures discussed ranged from $515,577 (158.6% of budget) to later citations of…
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