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CITY COUNCIL AGENDA COMMUNICATION |
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| | | | | | | | AGENDA DATE: | January 28, 2020 |
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| | | | | | | | SUBJECT: | Receive the Financial Report for the Period Ending December 31, 2019. |
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| | | | | | | | STAFF RESOURCE: | Eric Cannon, Chief Financial Officer
Steven Glickman, Assistant Chief Financial Officer |
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| | | | | | | | ACTION PROPOSED: | Receive the Financial Report for the Period Ending December 31, 2019. |
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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 December 31, 2019.
Total revenues were $63,780,272 or 28.3% of the budgeted amount, and total expenditures were
$43,147,206 or 19.8% of the expenditure budget. This report includes one quarter of FY2020 and prior FY2019 actual amounts for comparison purposes.
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