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CITY COUNCIL AGENDA COMMUNICATION |
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| | | | | | | | | AGENDA DATE: | July 24, 2018 |
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| | | | | | | | | SUBJECT: | Receive the Financial Report for Period Ending June 30, 2018. |
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| | | | | | | | | STAFF RESOURCE: | Eric Cannon, Chief Financial Officer
Steven Glickman, Assistant CFO |
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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, 2018.
Total revenues were $158,403,653 or 74.7% and total expenditures were
$143,283,976 or 66.8%. This report includes the three quarters for
FY2018, however, it does not represent final audited amounts. Prior year
FY2017 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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