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Whitemarsh finance director reports midyear budget favorable but asks for follow‑up analysis
Summary
Finance Director Angela Mato Long told the board that mercantile tax and charges for services are above budget at midyear and that, overall, revenues exceed expenses by roughly $3.21 million year‑to‑date; the board asked for further trend and projection analysis before the upcoming budget workshop.
Finance Director Angela Mato Long presented the midyear budget report and highlighted several key variances. Mercantile tax collections were reported at about $1,000,000 compared with a $827,000 budget (approximately 124% of budget), and charges for services were at 282% of the budget (about $141,000 collected against a $50,000 budget). Several expenditure categories were ahead of budget (public works construction and reconstruction at about 140% of the midyear budget), while others were under budget. Mato Long said the general fund remains healthy with revenues exceeding expenses by approximately $3,210,000 year‑to‑date. Board members requested trend analysis for the first six months and projections for the next six months; Mato Long agreed to provide deeper line‑item detail before the upcoming workshop.
The board later approved the June 2026 financials: expenditures $1,065,678.48; payroll $730,564.20; pension plan $5,900.85.
