1st Quarter 2025 Financial Report

Summary

The City of Commerce's 1st Quarter 2025 Financial Report provides an overview of the city's financial performance. The report highlights that General Fund revenues are on track to meet projected budgeted amounts, with License and Permit revenue trending higher than budgeted due to a large construction project. The report also notes that Sales & Use Tax revenues are 28.84% higher compared to the same period in 2024. Overall, the city's financial performance is stable, with some areas showing significant increases in revenue and expenditure.

Details

Subject

1st Quarter 2025 Financial Report

Summary

The City of Commerce's 1st Quarter 2025 Financial Report provides an overview of the city's financial performance. The report highlights that General Fund revenues are on track to meet projected budgeted amounts, with License and Permit revenue trending higher than budgeted due to a large construction project. The report also notes that Sales & Use Tax revenues are 28.84% higher compared to the same period in 2024. Overall, the city's financial performance is stable, with some areas showing significant increases in revenue and expenditure.

Report Date

2025-03-31

Report Type

financial

Report Title

1st Quarter 2025 Financial Report

Authoring Body

City of Commerce

Reporting Period

2025-01-01 to 2025-03-31