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Warren County Economic Outlook FY 2010. EXPENDITURES. 46.9% of Expenditure budget expended 3% less than expended in FY09 for the same period Major Expenditure categories are under budget FY 10 Expenditure budget were reduced where possible in anticipation of weak revenues. REVENUES.
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Warren County Economic Outlook FY 2010
EXPENDITURES • 46.9% of Expenditure budget expended • 3% less than expended in FY09 for the same period • Major Expenditure categories are under budget • FY 10 Expenditure budget were reduced where possible in anticipation of weak revenues
REVENUES • Revenues exceed Expenditures by 10% • Revenue projections were reduced in light of the sluggish economy • Sales Taxes and Investment Income are not anticipated to meet budget expectations • Other revenues appear to be on target
CONCLUSIONS • Sales Tax revenues are not anticipated to meet expectations • Investment Income is not anticipated to meet expectations. Other Investment options are being researched • Currently other Revenues appear on target • Major expenditure lines are anticipated to end the year under budget