May Budget Summary
LAGUNA VISTA — In Laguna Vista, officials say they make it a practice of keeping the council fully informed on the town’s finances.
The administration provides the council with a weekly report titled “Summary Budget Comparison” in which updates are presented on the revenues and expenditures at the end of each week, said City Manager Rolando Vela.
As of May 20, three weeks into the third quarter of the current fiscal year, the town had generated 92 percent or $1.42 million in revenues. The previous year, on the same date, the town had generated $1.19 million in revenues.
In expenditures, the town had 67 percent or $1.03 million. The previous year, on the same date, the town had $1.24 million in expenditures.
At the end of every quarter, Vela said his administration is given a quarterly performance report that provides them a “snapshot” of the revenue and expenditure activity that took place the prior three months.
“The town continuously strives to be transparent, to maximize its revenues while monitoring and controlling its expenditures,” said Vela.
Summer Reading Program
LAGUNA VISTA — The public library will host a summer reading program and all school age children are encouraged to participate.
Registration runs from June 1 to June 3 for kids ages 4 to 12. There are only 24 spaces available. No walk-ins will be allowed.
The summer program will start June 6 and run through the end of the month. Classes will be Monday through Thursday from 10 a.m. to noon, with a small lunch break.
2016 May Sales Tax Receipts
LAGUNA VISTA — The figures below are the May sales tax receipts that are based on local sales activity that occurred in March.
* Net Payment This Period: $16,490
* Comparable Payment Prior Year: $16,076
* Percent Change: 2.5 percent
* 2016 Payments to Date: $67,529
* 2015 Payments to Date: $66,405
* Percent Change: 1.6 percent
City Manager Rolando Vela said the town experiences a slight increase this month when compared to the same time last year.
“We’ve collected $1,124 more when you compare the receipts from this month to the same one a year before,” he said.
