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Stephens City treasurer reports October revenue and expenses; net position shown at $(43,363)
Summary
Town Treasurer Steve Rickards told the council the packet shows October revenue of $101,880.52, expenditures of $145,243.73 and a net position of $(43,363.21); packet pages also included bank balances and comparative year‑over‑year figures.
Town Treasurer Steve Rickards presented the monthly financial packet at the Oct. 2 Stephens City council meeting, reporting that the materials show total revenue for the period of $101,880.52 and total expenditures of $145,243.73, producing a net position of $(43,363.21) for the reporting period.
The packet breaks revenue into categories, listing October receipts such as Cigarette Tax ($3,562.50), Restaurant Meals Tax ($10,032.78), State Sales Tax ($13,816.41) and utilities receipts (Water $14,730.39; Sewer $30,798.65). Utility receipts and deposits were recorded separately in the packet. Bank balances across listed accounts totaled $637,285.47.
Comparative tables in the packet showed year‑over‑year changes for the same period: for example, cigarette tax receipts were down 50% from the prior year while connection fees and certain miscellaneous receipts rose. The packet also included first‑quarter charts for the Utility Fund and General Fund for FYE 2018‑2019.
Rickards presented the financials as part of routine reporting to the council; no budget appropriation or interim transfer was recorded in the minutes at the meeting.
