FROM:
Jeff Zuba, Finance & Administrative Services Director
SUBJECT:
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Revenue and Expenditure Reports, April 2022
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RECOMMENDATION
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Approve the monthly year-to-date Revenue and Expenditure Reports and corresponding activity for the period ending through April 30, 2022.
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BACKGROUND
Every reporting period end, the Town of San Anselmo presents to the Town Council its operations as shown on the Revenue and Expenditure reports for discussion and approval. The Revenue and Expenditure reports are year-to-date summaries of revenues and expenditures from the Town's financial system ('Tyler Incode') for both the current as well as the prior corresponding fiscal year. These reports include the General Fund's operations given most of the Town-level operational activities are processed through the General Fund either directly or indirectly. This approval is to be obtained once a month within the fiscal year.
ANALYSIS
The revenue and expenditure data through April 30, 2022, is a compilation of all operating activity that is year-to-date for the current and prior fiscal year. These reports are sourced directly from the Town's financial system, of which a corresponding analysis has been performed identifying the key trends the Town Council should take note about.
Revenues
Overall, through the April 2022 reporting period end, the Town's General Fund revenue has expanded its base relative to prior year by $0.700M. This is primarily from the increase in property taxes, sales taxes, and fines offset by licenses and permits and Transfers In. All other activity is either flat year-over-year or nets correspondingly to an immaterial change-all of which are within management's expectations.
As shown above, the Town's revenue base overall increased by $1.11M of which is driven by Property Taxes, Sales Tax, Franchise Taxes and Fines:
* Property Taxes increased by $0.832M compared to the prior period due to increased values on properties due ...
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