Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Financials topic
No spam. Unsubscribe anytime.
EDC reports $1.8 million in March sales tax revenue; board accepts financials
Summary
Finance staff reported $1.8 million in sales tax collected in March and summarized income and expenditure categories; the board moved, seconded and approved acceptance of the March financial report by voice vote.
Chance Miller presented the EDC's March financial summary to the board, reporting the organization collected "$1,800,000 in sales tax revenue," along with roughly $150,000 in interest income and $54,000 in miscellaneous revenue. Miller outlined expenditures of about $400,000 in operational expenses, $500,000 in project expenses and $556,000 in non-departmental costs, totaling roughly $1,370,000 for the month.
After the presentation a board member moved to accept the report "as presented," and the motion was seconded; the board approved the March financials by voice vote. The board then moved on to other agenda items; no additional amendments or follow-up assignments were recorded in open session.
