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, I i <br /> <br /> State of North Carolina <br /> Office of State Budget and Management <br /> <br />James G. Mardn C.C. Cameron <br />January 22, 1988 <br /> <br /> MEMORANDUM <br /> <br /> TO: County Managers <br /> <br /> FROM: Susan Adams <br /> Budget Analyst <br /> <br /> SUBJEGT: January Monthly- Statement - Public School Building Capital Fund <br /> <br /> Attached is the January statement for the Public School Building Capital Fund. <br /> <br /> Please note that deposits of corporate tax collections are comparable to the <br /> amount on the October statement. This reflects the larger deposit made in <br /> December by corporations for quarterly declarations of taxes Hue. <br /> <br /> At the Regional Workshops, and in recent correspondence, the anticipated <br /> collections for this fiscal year were given for cash flow planning purposes: <br /> 20% the first quarter (September); 18% the second quarter (December); 31% the <br /> third quarter (March); and 31% the fourth quarter (June). <br /> <br /> The amount reflected on the October statement for deposits in September were <br /> about 2% lower than anticipated in the cash flow estimates--18% vs. 20%. The <br /> deposits for the second quarte~ were 3% higher than anticipated--21% vs. lg%. <br /> Taking the two quarters together, deposits are 39% of the planning allocation <br /> in comparison to the 38% anticipated. Hopefully, deposits in the next two <br /> quarters will be as close as the anticipated collections given earlier. <br /> <br /> cc: Superintendents, Local School Administrative Units <br /> <br /> WEST JONES STREET--RALEIGH 27603-8005 {91 9) 733-706 ! <br /> <br /> <br />