Cannon Beach City Council discussed during a work session Tuesday, Sept. 8, a budget update for fiscal year 2020-2021.
The City of Cannon Beach had an adopted budget for fiscal year 2020-2021 that included revenue estimates by quarter. COVID-19 came along at the end of the city’s third quarter, Jan. 1 to March 30, which took away projected revenue and the ability to use historical data in the budget process.
When the city was working on the budget, it was during COVID-19. Laurie Sawrey, finance director of the budget committee, said they did not know what the future held and had to be conservative in their estimates.
The staff reports states that the revenue collections for the city’s fourth quarter, April 1 through June 30, exceed the budget committee’s conservative estimates. Staff presented the collections numbers and compared them with the conservative projections, creating a snapshot comparison of estimated versus actuals to date.
Sawrey said the general funds for the Transient Room Tax collected were $378, 897, compared to the revised fourth quarter budget of $0. The Tourism and Arts Fund collected for the Transient Room Tax was $43,675.
“We went from zero to that, so I think it’s good,” Sawrey said.
July to September is looking strong, looking better than what they had thought. It is significantly less than what the normal budget would have been.
“We are doing better than projected but we are not saying that we are out of the woods,” the staff report states. “Caution will still be recommended as we move forward through this fiscal year.”