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CITY COUNCIL AGENDA COMMUNICATION |
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| | | | | | | | | AGENDA DATE: | February 23, 2021 |
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| | | | | | | | | SUBJECT: | Receive the Financial Report for Period Ending December 31, 2020. |
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| | | | | | | | | STAFF RESOURCE: | Jennifer Fung, Interim Chief Financial Officer
Chris Landrum, Assistant Chief Financial Officer |
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| | | | | | | | | ACTION PROPOSED: | Receive the Financial Report for Period Ending December 31, 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 period ending December 31, 2020. Total revenues were $61,467,966 or 25.9% of the budgeted amount and total expenditures were $44,556,810 or 19.6% of the budget amount. This report includes one quarter for fiscal year 2021 and prior year fiscal year 2020 actual amounts for comparison purposes.
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| | | | | | | | MOTION
I make a motion to accept the Financial Report for Period Ending December 31, 2020.
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