As the fiscal year comes to an end, City of Greenville officials examined the last financial report before the start of the 2022-2023 fiscal year, beginning Oct. 3.
External financial consultant Steve Osso highlighted August as the “sixth best month in the last 20 years” for the city financially.
In the 11th month of the fiscal year, the city is up $25,000 from last November and up $1.4 million from this time last year — a “good indication” the city will mark Sept. 30 as the end of a good fiscal year.
Sales tax is down $6,900 for the month of September; down $12,000 for the month of August; and down $97,000 for the year.
“You can see the downward trend over the last five months,” Osso pointed out. “Gas prices are starting to come down and inflation is starting to go up. You’re durable goods and services and things are starting to cost more so I think we will continue to see somewhat of a downward trend in sales tax.“
Gaming revenues are down $11,000 for the month of September; down $16,000 for the month of August; and down $152,000 for the year.
Osso noted gaming revenues will likely continue to trend downward going into the next fiscal year.
Water revenues billed are down $17,000 for the month of August and down $349,000 compared to last year.
“But, overall when you look at the last several years in the past, it’s still a very strong year that we’re having in the water,” he said. “For water revenue collected, the month of August is up $170,000 and up $1.4 million for the year and it’s going to close out very strong for this fiscal year.”
Sewer revenues billed are up $55,000 for the month of August and down $783,000 for the year, which Osso regarded as a “strong finish” considering the year-to-date numbers.
Sewer revenues collected are down $85,000 for the month of August and down $149,000 for the year.
Garbage revenues billed are down $49,000 for the month of August and are up $233,000 for the year.
Garbage revenues collected are down $52,000 for August, and are up $335,000 for the year.
The police department is down $1,600 for the year through 11 months; parks and recreation, through 10 months, is up $15,000 for the year; the airport is up $10,000 for the month of August and up $14,000 for the year.
“We’re probably going to have one of the better years we’ve had compared to several years at the airport,” Osso also highlighted.
Municipal court is up $10,000 for the month of August and down $8000 for the year, but is doing well considering the circumstances that they are having to live under, according to Osso. Privilege licenses are up $3,800 for the month of August and are up $23,000 through 11 months this year, indicating increased activity in the business area.
The planning department is up $13,000 for the month of August and $8,000 over the last year which is attributable to more building going on in the city.
Osso concluded his report with operating cash which is down $960,000 as of September 15 compared to September 15 of last year.
