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City’s FY19 Net Revenues are Up Despite a Decline in Fees and Fines

At this Tuesday’s meeting, City’s Finance Director presented the FY2019 Financial Report for the Fiscal Year ended June 30, 2019. According to the report, City lost $772,157 in the last fiscal year, mainly due to reduction in speed camera revenues. This is most likely due to the fact that motorists on City’s street more and more are complying with the speed limits on City streets. Despite the loss in revenues from the fees and fines, the overall expenditures went down during the same time, resulting in a total of $817K excess revenues over expenses.

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1 Comment to “City’s FY19 Net Revenues are Up Despite a Decline in Fees and Fines”

  1. By TM, August 16, 2019 @ 9:42 pm

    Fact that there is no bikeshare in College Park from August 5th onward should really drive revenue. Lots more people driving because they have no other options now.

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