TO: Mayor and Members of City Council
THRU: Jay C. Toland, Chief Financial Officer/Assistant City Manager
FROM: Jody Picarella, CPA, MBA, Assistant Chief Financial Officer
Brittany McLaurin, Financial Reporting Manager
DATE: June 13, 2022
RE:
Title
Revenue and Expenditure Reports for the Annual Funds for the Nine-Month Period Ended March 31, 2022 with Comparative Information for the Nine-Month Period ended March 31, 2022, and Revenue and Expenditure Reports for the Multi-Year Funds from Inception and for the Nine-Month Period ended March 31, 2022
end
COUNCIL DISTRICT(S):
Council District(s)
All
b
Relationship To Strategic Plan:
Goal 5: Financially Sound City Providing Exemplary City Services
Objective 5.1: Ensure strong financial management with fiduciary accountability and plan for the future resource sustainability by aligning resources with City priorities.
Executive Summary:
The City's revenue and expenditure reports for the nine-month period ending March 31, 2022 are provided for Council's information.
Background:
The attached reports consist of annual operating reports for the General Fund and Other Operating Funds. Revenue and expenditure reports for the multi-year funds are also provided. The annual operating reports provide revenue and expenditure data for the current fiscal year as of March 21, 2022 with comparative data for the same period of the prior fiscal year. The current year annual budget along with positive or negative changes between the "Actuals" columns are also provided.
The revenue and expenditure reports for the multi-year funds provide revenue and expenditure data along with a listing of current projects and project authorizations, activity from inception, encumbrances and project balances.
Most revenues are reported when they are both measurable (cash flow from the revenue can be reasonably estimated) and available (revenue is available to finance current year expenditures to be paid within 60 days). Sales t...
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