Council committees set and fourth quarter financial presentation given
Last updated 2/18/2021 at 3:23pm
DAVENPORT – Prior to council's action-less meeting Feb. 10, the finance committee heard the 2020 fourth quarter financial report that indicates the city is in a good spot when comparing revenues and expenses.
The city received more tax revenue ($912,604) than budgeted for ($754,750), with retail sales and use tax profiting 148.5%. License/permit revenue was 211% more than budgeted for, and intergovernment fees, which included $77,850 in COVID-19 grant money, received 122.7% more than allotted for.
City service fees received 116.9% more than allotted, and miscellaneous revenue sources, l...