AGENDA CAPTION:
Title
Receive a Staff presentation of the Quarter End March 31, 2022 Financial Report, and provide direction to City Manager.
Body
Meeting date: June 7, 2022
Department: Finance-Anna Miranda, Interim Finance Director
Amount & Source of Funding
Funds Required: Click or tap here to enter text.
Account Number: Click or tap here to enter text.
Funds Available: Click or tap here to enter text.
Account Name: Click or tap here to enter text.
Fiscal Note:
Prior Council Action: Received by the Finance and Audit Committee on May 19, 2022
City Council Strategic Initiative: [Please select from the dropdown menu below]
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Comprehensive Plan Element (s): [Please select the Plan element(s) and Goal # from dropdown menu below]
☐ Economic Development - Choose an item.
☐ Environment & Resource Protection - Choose an item.
☐ Land Use - Choose an item.
☐ Neighborhoods & Housing - Choose an item.
☐ Parks, Public Spaces & Facilities - Choose an item.
☐ Transportation - Choose an item.
☐ Not Applicable
Master Plan: [Please select the corresponding Master Plan from the dropdown menu below (if applicable)]
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Background Information:
The City's unaudited financial performance through March 31, 2022 is summarized in the enclosed Financial Summary Report. The report includes revenues and expenditures for the City's major operating funds including the General Fund, Hotel Tax Fund, Water Wastewater Fund, Storm Water Management Fund, Electric Fund, Resource Recovery Fund and Airport Fund. Included in the report are trending analysis year-to-date for current and prior year with related variances.
The Financial Summary Report for quarter ended March 31, 2022 was reviewed by the Finance and Audit Committee on May 19, 2022.
Council Committee, Board/Commission Action:
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Alternatives:
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Recommendation:
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