2016-2017 General Fund Financial Results

Also on Monday night, the City Council will consider an update on the year-end results of Fiscal Year 2016-17. Property-related taxes ended the year strong, while sales tax revenues ended at the lowest level in three years. General Fund revenues came in $900K short of projections, mostly due to the decline in sales tax and charges for services. Expenditures came in $1 million below authorized levels, offsetting the revenue shortfall. READ THE STAFF REPORT