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CITY COUNCIL AGENDA COMMUNICATION |
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| | | | | | | | AGENDA DATE: | July 28, 2020 |
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| | | | | | | | SUBJECT: | Receive the Financial Report for the Quarter Ended June 30, 2020. |
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| | | | | | | | STAFF RESOURCE: | Eric Cannon, Chief Financial Officer
Martin Clarke, Controller |
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| | | | | | | | ACTION PROPOSED: | Receive the Financial Report for the Quarter Ended June 30, 2020. |
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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 quarter ended June 30, 2020.
Total revenues through three quarters are $169,617,184 or 73.9% of the budgeted amount, and total expenditures were
$145,858,451 or 62.4% of the expenditure budget. This report includes three quarters of FY2020 and prior FY2019 actual amounts for comparison purposes.
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