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Department of Finance
Reference:
To: Mayor Richard N. McLean and Members of City Council
Through: Philip Rodriguez, City Manager
Prepared By: Jean Starr Finance Director, Dana Willard Accounting Manager
Date Prepared: December 6, 2017
PURPOSE:
To update the Mayor and City Council on various financial results of operations of the City for the Ten Months Ending October 31, 2017 (83% of year expired).
OVERVIEW:
The financial reports include the following:
Page 1 General Fund - Statement of Revenues and Expenditures
Page 2 Utilities Funds - Statement of Revenues and Expenses
Page 3 Sales Tax Revenue Report
Page 4 Water, Waste Water Enterprise Funds Service Revenue Report
Page 5 Capital Improvement Fund Project Report
Page 6 Parks and Recreation Capital Improvement Fund Project Report
Page 7 Utilities Capital Project Report -Water
Page 8 Utilities Capital Project Report -Wastewater and Storm
Page 9 Energy Performance Contract (EPC) Project Report
Revenues are reported when received with the exception of sales tax revenues that are accrued based on the budget for returns received in November 2017 for October 2017. Personal services expenditures represent 22 pay periods as of October 31, 2017. Other expenditures are based on expenditures incurred through October 31, 2017. The percentage of budget represents the year-to-date revenues and expenditures as a percentage of the annual revised budget.
General Fund - Statement of Revenues and Expenditures. This report shows revenues and expenditures by type and expenditures by function.
Utilities Funds - Statement of Revenues and Expenses. This report shows operating income and expenses for water, waste water, and storm drainage, as well as, non-operating items.
Sales Tax Revenue Financial Report. This is a snapshot of the total sales tax collections for the General, Capital Improvement and Parks & Recreation Capital Improvement Funds. The amounts are reported net of tax incentive rebat...
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