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CITY COUNCIL AGENDA COMMUNICATION |
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| | | | | | | | | AGENDA DATE: | August 9, 2016 |
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| | | | | | | | | SUBJECT: | Receive the Financial Report for Period Ending June 30, 2016. |
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| | | | | | | | | STAFF RESOURCE: | Eric Cannon, Chief Financial Officer
Chris Landrum, Budget Manager
Casey Bennett, Financial Analyst |
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| | | | | | | | BACKGROUND
Financial reports are prepared each quarter for the General Fund, Water and Sewer Fund and other funds for which annual budgets are prepared. Attached are copies of the unaudited reports for the period ending June 30, 2016. Total revenues were $140,894,473 or 72.6% and total expenditures were $116,560,267 or 60.4%. This report includes the three quarters for FY2016, however, it does not represent final audited amounts. Prior year FY2015 actual amounts have been provided for comparison purposes.
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| | | | | | | | STAFF RECOMMENDATION
This report is an informational item. No action is necessary.
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