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WHITE COUNTY BOARD OF COMMISSIONERS

WHITE COUNTY BOARD OF COMMISSIONERS. Financial Status Report December 2007. General Fund Revenues. Budgeted Revenues $13,795,625 Actual YTD $ 6,869,717 This is = 49.80% of Budgeted Amount for FY 2008 Revenues “caught up” with expenditures in December. General Fund Expenditures.

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WHITE COUNTY BOARD OF COMMISSIONERS

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  1. WHITE COUNTY BOARD OF COMMISSIONERS Financial Status Report December 2007

  2. General Fund Revenues • Budgeted Revenues $13,795,625 • Actual YTD $ 6,869,717 • This is = 49.80% of Budgeted Amount for FY 2008 Revenues “caught up” with expenditures in December

  3. General Fund Expenditures • Budgeted Expenditures $13,795,625 • Actual Expenditures $ 6,546,584 General Fund expenditures are at 47.45% of budget as of December 31, 2007. December is the 6th. month of the fiscal year and represents 50% of the fiscal year/budget. General Fund Expenditures in total are 2.55% below budget at the end of December.

  4. General Fund Expenditure by Function

  5. General Fund Expenditures by Function

  6. Local Option Sales Tax L.O.S.T. is received 2 months after it is collected (December receipt is actually for October) • December 2007 L.O.S.T. $186,084.03 • YTD $800,236.05 • December 2006 L.O.S.T. $131,085.70 • YTD $721,151.68 • Budgeted for FY 2008=$2,100,000

  7. Hotel/Motel Tax • December 2007 $34,630.23 • YTD $229,552.14 • Budgeted $300,000 for FY 2008 • December 2006 $36,159.51 • YTD $218,293.35

  8. S.P.L.O.S.T. Update December receipt = $303,464.57 • Distributed to Cities = $139,593.70 • SPLOST Projects = $163,870.87 • Last year the receipt for December was $210,391.90 • New SPLOST COLLECTIONS Since Dec. 2004 $9,870,186.03 • County portion=$5,329,900.41 • distributed to cities =$4,540,285.62 December 2007 was the 37th. month of the 60 months of current SPLOST

  9. S.P.L.O.S.T. DistributionCounty portion = $8,640,000

  10. Other Funds Budget to Actual

  11. Questions/Comments

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