City of Alexandria, Virginia
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MEMORANDUM
DATE: JUNE 3, 2025
TO: THE HONORABLE MAYOR AND MEMBERS OF CITY COUNCIL
THROUGH: JAMES F. PARAJON, CITY MANAGER /s/
FROM: KEVIN C. GREENLIEF, DIRECTOR OF FINANCE
DOCKET TITLE:
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Consideration of the Monthly Financial Report for the Period Ending April 30, 2025.
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ISSUE: Receipt of the Monthly Financial Report for the Period Ending April 30, 2025.
RECOMMENDATION: That City Council receives the Monthly Financial Report.
BACKGROUND: The following discussion is a summary of the Monthly Financial Report for this period. Detailed comparative schedules are attached.
As of April 30, 2025, General Fund revenues totaled $587.1 million, an increase of $33.2 million, or 6.0 percent, compared to the same period in FY 2024. There are no significant variations in receipts through ten months of the fiscal year that are due to anything but timing of billing, posting and accruals. It is important to note that several revenue categories lag by one or two months (e.g., the City has only received 8 months of Sales Tax revenue and 9 months of other categories, such as Transient Lodging and Restaurant Meals Tax Revenue).
Revenue may not track consistently with a monthly calendar since many revenue sources have due dates that do not occur evenly throughout the year. Transient Lodging and Restaurant Meal tax revenues continue to reflect post pandemic recovery trends with modest average growth of 3.5%. The rate of growth for Sales Tax has flattened over the year to approximately 1.3%.
Business License taxes are due on March 1 each year. Through April 2025, the City has collected $41.3 million of Business License tax revenue, which represents 94.6 percent of the budgeted amount, an increase of 3.9% over the same period in FY 2024.
Recordation taxes have shown a strong surge over the prior year, representing an uptick in sales and strong price...
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