Title
Discuss October 2014 Monthly Financial Report
Summary
MEETING DATE: December 16, 2014
DEPARTMENT: Financial Services
CONTACT: Rodney Rhoades
RECOMMENDED CITY COUNCIL ACTION:
· This item is for informational purposes only.
ITEM SUMMARY:
· Utilizing historical data and current budgets, Staff has developed a method of projecting revenues and expenditures for each month of the fiscal year.
· These projections will be compared to the monthly actuals for revenues and expenditures and provided to the City Council each month.
· Presentations are expected to only be quarterly at this time.
· As the fiscal year progresses, this report is expected to improve in the way that it is compiled, shared, and presented.
BACKGROUND INFORMATION:
· The City Council adopted the current operating budget on September 16, 2014.
FINANCIAL SUMMARY:
· N/A
BOARD OR COMMISSION RECOMMENDATION:
· N/A