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MCDC financial report: May revenue over $2.7M; sales tax up 8.6% for month
Summary
Assistant finance director Chance Miller reported May MCDC revenue of a little over $2.7 million, driven mainly by sales tax, and noted an 8.6% month increase and 5.1% year‑to‑date growth; he cautioned some figures reflect audit collection timing.
Chance Miller, assistant finance director, presented the MCDC financial report for May, saying, “we collected a little over $2,700,000 in revenue,” the majority from sales tax. He reported approximately $2.0 million in expenditures for May (operational and project expenses) and pointed to an 8.6% increase in sales tax collections for the month and a 5.1% year‑to‑date increase.
Miller explained that audit collections from prior periods can distort month‑to‑month comparisons and that when those audit receipts are removed the utilities category shows roughly a 1% increase rather than a sharp decline. He said the two consecutive strong months are encouraging as MCDC heads into budget season and offered to take questions from the board.
