Another month, another million-and-a-half dollar deficit in the city of Portsmouth’s Sewer Fund. In April, the deficit stood at $1,643,635. That’s $437,319 over last year’s deficit of minus $1,206,316. All other funds are in the black. However, The Sanitation fund had a balance of $279,837 in April, down $336,469 from last year’s balance of $616,306.
The General Fund showed a balance of $2,809,741, up $2,502,195 from last year’s total of $307,546. In April, the Street Fund carried a balance of $256,687. Last year the balance was $297,845, which means this year’s total is down from last year by $41,158.
The Water Fund was in the hole by $185,707 in 2016, but the April 2017 balance was $244,274, up $429,981. The Insurance Fund which had a balance of $429,032 in 2016. In April 2017, the balance stood at $1,564,246, up $1,135,214.
The auditor looked at the revenue totals as well.
“For the month of April, income tax revenue, General Fund, collected $1,300,134, which is $309,500 over the same time last year for an accumulated total over last year of $622,171,” Portsmouth City Auditor Trent Williams said. “The new (0.5) tax which began in 2016, collected $294,413 for the month of April, bringing the total collected for the month of April to $1,477,614, $341,499 better than last year, for an accumulation of $645,900.”
Reach Frank Lewis at 740-353-3101, ext. 1928, or on Twitter @franklewisPDT.
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