MEETING DATE:
DECEMBER 9, 2014
SUBJECT:
Title
FIRST QUARTER FISCAL YEAR 2014-15 FINANCIAL STATUS REPORT
Body
Recommendation
Recommendation
RECEIVE AND FILE First Quarter Fiscal Year 2014-15 Financial Status Report
Body
Board or Commission Action
Not applicable
Relevant Council Strategic Theme (If not applicable, please state not applicable below)
Good Governance
Relevant Department Goal (If not applicable, please state not applicable below)
Complete and Distribute Quarterly Financial Reports
Introduction
The first quarter 2014-15 Financial Status Report, which focuses on the General Fund, is attached. Due to the cyclical nature of most revenue receipts and because many of the maintenance and capital project activities don't ramp up until spring or early summer, financial activity is relatively in line with what is expected of the first quarter.
Discussion
The attached report provides revenue, expenditure, and capital project and fund balance activity for the first quarter of Fiscal Year 2014-15.
Fiscal Impact
There is no fiscal impact. Quarterly reporting is for informational purposes to illustrate financial performance of actual activity relative to budget at this point in time.
Attachment(s)
First Quarter Fiscal Year 2014-15 Financial Status Report
Submitted by: Laura Rocha, Finance Director
Approved by: Jack Griffin, City Manager