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Authority reports June revenue shortfall of about $26,000 year to date
Summary
The director said year-to-date net income was $26,004.85 below projections, driven largely by a $57,006.81 shortfall in authority service fees; staff will continue monitoring tonnage and revenue trends.
Director Tim presented the monthly cash and charge reports and highlighted a year-to-date variance. "We were $57,006.81 below projections for authority service fees," Tim said, and added that net income was "$26,004.85 below our income projections," which he described as about 1.1% of expected income.
Tim attributed the shortfall mostly to lower tonnage in April and May and said the authority continues to process accounts receivable and work with collections for accounts over 90 days. Board members asked staff to confirm whether county auditor cash-balance reports are arriving and to continue monitoring revenue trends.
