Serving Lincoln County for more than a century!
Serving Lincoln County for more than a century!
DAVENPORT – Prior to council's action-less meeting Feb. 10, the finance committee heard the 2020 fourth quarter financial report that indicates the city is in a good spot when comparing revenues and expenses.
The city received more tax revenue ($912,604) than budgeted for ($754,750), with retail sales and use tax profiting 148.5%. License/permit revenue was 211% more than budgeted for, and intergovernment fees, which included $77,850 in COVID-19 grant money, received 122.7% more than allotted for.
City service fees received 116.9% more than allotted, and miscellaneous revenue sources, like sales interest and facilities leases, received 104.5% more than budgeted.
Overall, the current expense fund budgeted $1,220,825 and received $1,475,321, a 121% mark. Real estate excise taxes received 144% than budgeted, and hotel/motel taxes received 114% more. Water, sewer and garbage fees received an average of 109% more than budgeted for.
The only fund that received less revenue than allotted for was revenue for the street fund from motor vehicle fuel tax. The city budgeted for $34,000 in revenue and received $31,868.
The city also spent within its means. The city budgeted for $1,178,950 in the current expense fund and spent $1,104,195, meaning it spent 94% of its original budget. The fund pays for legislative and executive positions, finance and facilities personnel, law enforcement, fire, animal control, aging and adult services, planning, building, park/pool and interfund transfers.
The city spent 76% of the budgeted library fund, 58% for cemetery, 60% for street, 96% for airport, 100% for water ($805 more than budgeted was spent here), 82% for sewer and 85% for garbage. In total, the city budgeted for $3,093,767 and spent $2,707,817, meaning it spent just 88% of what it budgeted for.
The presentation also compared quarterly revenues from various sources. The fourth quarter was the most profitable for sales tax, public safety sales tax, local government assistance, liquor excise tax, motor vehicle fuel tax, real estate excise tax, hotel/motel tax, water fees and garbage fees. The "final frame" was not the least profitable quarter in any category.
The complete fourth quarter report is public record and available upon request at city hall.
Mayor establishes 2021 committees
During council's regular meeting, which included no action items, mayor Brad Sweet informed council of this year's committees. Those committees can be seen in the above graphic.
Drew Lawson is the editor of the Davenport Times. He is a graduate of Eastern Washington University.
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