City Council Regular Meeting


Print

Return to the Search Page Return to the Agenda
  8.B.       
Meeting Date: 09/16/2020  
From: Haroon Noori

RECOMMENDATION
Receive the report.
DISCUSSION
The City’s General Fund revenues are primarily derived from property tax, transient occupancy tax, and sale tax revenues. In Fiscal Year 19/20, the City projected to receive $18.5 million or 71% of the General Fund revenues from these three tax sources. However, as a result of the COVID-19 pandemic, the City's revenues from Transient Occupancy Tax (TOT) and Sale and Use Tax declined by $1,821,269 and $273,422 respectively. Additional information is included in Attachment 1.
OPTIONS
Receive the report.
FINANCIAL IMPACT:
There is no fiscal impact.
  
GOAL ALIGNMENT: Financial Stability: Develop a strategic plan to better address current and future City expenditure and revenue, provide high quality muni services.
Attachments
Core Revenue Report - FY 19/20


    

Level double AA conformance,
                W3C WAI Web Content Accessibility Guidelines 2.0

AgendaQuick ©2005 - 2020 Destiny Software Inc. All Rights Reserved.