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receives its first half property tax payment in July. In addition, one can see how the. City <br />depends on..reserves (cash balances) until thattax payment is received (the City received an <br />advance of its tax settlement of 701% in June, which caused the spike). <br />Comparision of Revenues, <br />EXpenditures, Sc Cash .Balances <br />7oo;aa0.oa <br />600,000.00 <br />soo,obo.00 <br />� �x7,000..do <br />Revenue- <br />noa no Expenditures <br />20(),UOO.Ob _—Cash Balance 100.;00n.00 <br />0.00 <br />J�� `Say�4Qi+ <br />For the year, the City has received 8.13% of the budgeted revenue through the first half of the <br />year, which is above last year at this time when the City had collected only 5.27%. of revenues <br />less the advance of the tax settlement. Building permit revenue are up from $4,418,20 in 2021 <br />to $9,197.30 in 2022. Other permit revenue are also up from 2021. Interest earning are up <br />from .last year. 5o fart. he City has earned $1,107.1 1 in interest compared to $81.4.77 last year. <br />All other revenues are similar to. last year's revenues. The chart on the following page <br />compares budget to actual revenues for the last three years.. For this chart, the monthly <br />revenues are 1112'h of the total revenue budget with the exception of property taxes, which are <br />included in the July and December budget numbers only. <br />