The Natchitoches City Council held a special recognition during a brief meeting on July 12 in honor of Anna Kate Jackson, a senior at St. Mary’s Catholic School, who was recently named the 2021 National Beta Club President.
City Finance Director Debbie Miley said sales tax collections are up $435,000 year to date, which is very good. The City collected over $902,000 for the fiscal year. The TIFF is up $19,000 as far as the fiscal year, which is good. The DMV is up by 22 percent over last year at the same time.
In the General Fund there are extra monies that are spent, but it’s nothing to be alarmed over. Year to date the City has collected 94 percent of the budget and revenue which was all but $922,000 of what was budgeted. There were no huge problems except in public works but that was due to the storm because it needed extra money for limb pickup. This will be fixed in budget adjustments.
There will be a final report once the year has been closed out.
On the Proprietary Fund (Utilities), year to date revenues are $29 million and the City only collected 78 percent of the projections, so it’s $7.9 million under budget. The City spent $32 million (89 percent of the budget). There’s outstanding FEMA money that was not collected and people aren’t using the same amount of kilowatts (schools/businesses were closed) so the same revenues aren’t being collected.
The City had to go into reserves this year because it didn’t have the revenue.