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Department of Finance
Reference: Financial Reports for the Twelve Months Ending December 31, 2017
To: Mayor Kenneth J. Kreutzer and Members of City Council
Through: Philip Rodriguez, City Manager
Prepared By: Jean Starr, Finance Director and Dana Willard, Accounting Manager
Date Prepared: March 6, 2018
PURPOSE:
To update the Mayor and City Council on various financial results (unaudited) of operations of the City for the Twelve Months Ending December 31, 2017 (100% 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 January 2018 for December 2017. Personal services expenditures represent 26 pay periods as of December 31, 2017, plus accrual of wages attributable to the period December 17 to 31. Other expenditures are based on expenditures incurred through December 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...
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