Item Coversheet

CITY COUNCIL AGENDA COMMUNICATION
AGENDA DATE:AprilĀ 27, 2021
SUBJECT:

Receive the Financial Report for Period Ending March 31, 2021.

STAFF RESOURCE:

Jennifer Fung, Interim Chief Financial Officer

Chris Landrum, Assistant Chief Financial Officer




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 March 31, 2021. Total revenues through quarter two were $135,562,246 or 57.0% of the budgeted amount and total expenditures were $96,852,790 or 42.6% of the budgeted amount. This report includes two quarters of fiscal year 2021 and prior fiscal year 2020 actual amounts for comparison purposes.


MOTION

I make a motion to accept the Financial Report for Period Ending March 31, 2021.



ATTACHMENTS:
Description
Second Quarter Financial Memo
Second Quarter Financial Report