ASG rakes in $1.85 million more last month compared to July ‘06

According to the monthly financial overview for local funds for July 2007, for every $1 received, approximately 90-cents was spent. The actual revenue collected was $6,731,961 while the actual expenditures only added up to $6,060,976.

This means that the government pocketed $670,985 last month.

Altogether, ASG collected only $4,878,576 in July 2006 but last month, total cash collections ballooned by nearly $2 million to $6,731,961

The figures were detailed in a report and supporting documents submitted from the Treasury Department to Governor Togiola Tulafono earlier this month.

According to the report, several government departments, agencies, and funding sources soared in cash collections last month compared to the same time last year.

Examples of the impressive collections increase are as follows:

The biggest notable increase is the Grants Fund which spurted from less than $300,000 in July 2006 to over $1.1 million last month.

Departments and agencies that saw a downfall in collections last month compared to the same time last year include the Revenue Division which fell from $394,299 last July to $132,200 last month, and the Election Office which collected $3,600 last July but brought in $0 last month.

Cash collections from some funding sources remained the same as last year while several others experienced decreases. Details of such are as follows: