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Finance staff reports mixed sales-tax receipts; committee schedules preliminary budget meeting
Summary
Finance staff said the 0.25 sales-tax receipts were up 2.7% but the last two receipts were down 3%; the committee scheduled a preliminary budget meeting with the college next Thursday to review highlights.
Committee members discussed short-term revenue performance and budget planning after the resolution votes. Finance staff reported the 0.25 sales-tax receipts were up 2.7% overall but that the last two revenue receipts were down 3 percent; staff said cash flow did not begin improving until March and that the year looks roughly level with last year based on their forecast.
Chair said the committee would convene a brief preliminary budget meeting with the college next Thursday to review highlights and promised to bring any notable items back to the committee. No formal budget actions were taken at the meeting; members emphasized monitoring receipts and cash flow ahead of formal budget adoption.
