The Town of Addison's financial policies require the publication of a financial report subsequent to the end of each fiscal quarter. This report covers the financial performance through the second quarter for Fiscal Year 2016 (October 1, 2015 - March 31, 2016). Enclosed in the report is an executive dashboard that provides a high level look at some of the key financial indicators along with more detailed exhibits that demonstrate the current financial position for the various funds.

This report includes the following: General, Hotel, Economic Development, Airport, Utility, Stormwater Funds and Investment reports. The financial condition of the Town remains strong and all reported funds adhere to the 25% fund balance requirement.
 
Key highlights:

• Overall General Fund revenues through the second quarter are up more than 8% compared to the prior year.
• Sales tax collections through the second quarter are up approximately 3% compared to the prior year.
• Utility fund revenues through the second quarter are up approximately 6.9% compared the prior year.
• Hotel fund revenues through the second quarter are about the same as the prior year.