Item Coversheet

CITY COUNCIL AGENDA COMMUNICATION
AGENDA DATE:AprilĀ 23, 2019
SUBJECT:

Receive the Financial Report for Period Ending March 31, 2019.

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 March 31, 2019. Total revenues were $131,103,233 or 58.2% and total expenditures were $92,241,135 or 42.4%. This report includes two quarters for FY2019 and prior year FY2018 actual amounts for comparison purposes.



ATTACHMENTS:
Description
2nd Quarter Memo
2nd Quarter Financial Report