Hemet City Council hears fiscal year 2018-2019 revenues have increased, expenditures down

0
1271
Hemet City Council and staff members display poster following their $500 wearing pink donation to the Susan G. Komen Inland Empire in the last few weeks with Komen representatives present. Tony Ault photo
The Hemet City Council received some “good news” from the city’s finance director Tuesday, Nov. 12, who reported the General Fund revenues in fiscal year 2018-2019 were up 7%, or $2 million, above the projected revenues. Lorena Rocha, city finance director making the fiscal year-end review and quarterly update thorough Sept. 30, said higher revenues were due to increased sales taxes, property taxes and builder development fees. She explained that the year-end report she was making is a preliminary report made by the city’s independent auditors with the final report coming in January or February. In a slide presentation, Rocha showed the increased city revenue totaled $42,979,247 with sales tax collections up by $900,000, property taxes and vehicle in-lieu fees increasing by n
Subscribe or log in to read the rest of this content.