Item Coversheet

CITY COUNCIL AGENDA COMMUNICATION
AGENDA DATE:January 22, 2019
SUBJECT:

Receive the Financial Report for Period Ending December 31, 2018.

STAFF RESOURCE:

Eric Cannon, Chief Financial Officer

Steven Glickman, Assistant Chief Financial Officer




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 December 31, 2018. Total revenues were $61,150,019 or 27.1% and total expenditures were $48,784,171 or 22.4%. This report includes one quarter for FY2019 and prior year FY2018 actual amounts for comparison purposes.



ATTACHMENTS:
Description
1st Quarter Memo
1st Quarter Financial Report