Item Coversheet

CITY COUNCIL AGENDA COMMUNICATION
AGENDA DATE:AprilĀ 28, 2020
SUBJECT:

Receive the Financial Report for the Quarter Ended March 31, 2020.

STAFF RESOURCE:

Eric Cannon, Chief Financial Officer

Martin Clarke, Controller

ACTION PROPOSED:

Receive the Financial Report for the Quarter Ended March 31, 2020.




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 quarter ended March 31, 2020. Total revenues through two quarter are $134,425,960 or 57.2% of the budgeted amount, and total expenditures were $91,319,243 or 40.4% of the expenditure budget. This report includes two quarters of FY2020 and prior FY2019 actual amounts for comparison purposes.



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