Item Coversheet

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

Receive the Financial Report for Period Ending June 30, 2019.

STAFF RESOURCE:

Eric Cannon, Chief Financial Officer

Steven Glickman, Assistant Chief Financial Officer

ACTION PROPOSED:Receive the Financial Report for Period Ending June 30, 2019.



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, 2019. Total revenues were $169,303,581 or 75.1% of the budgeted amount and total expenditures were $143,677,365 or 66.1% of the budget amount. This report includes three quarters for FY2019 and prior year FY2018 actual amounts for comparison purposes.



ATTACHMENTS:
Description
3rd Quarter Memo
3rd Quarter Financial Report