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Monthly Financial Reports
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Monthly Financial Report
Beginning in March 2020, the City Council’s Strategic Budget Planner began submitting a monthly financial report to City Council. This report focuses on the General Fund as well as the Enterprise Funds (Airport, Port, Sanitation and Utility Funds), the Local Option Sales Tax Fund and the Stormwater Capital Projects Fund. This report replaces the monthly financial review presentations, the monthly fund balance-net assets-cash position reports and the monthly line-item statements identified below.
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Monthly Financial Review Presentations
Through January 2020, the City’s Chief Financial Officer presented a monthly financial review presentation to City Council. Beginning in March 2020, this report was replaced with the City Council’s Strategic Budget Planner’s monthly financial report.
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Monthly Fund Balance-Net Assets-Cash Position
Through February 2020, Financial Services prepared monthly fund balance/net asset position reports for City Council. These reports provided a current summary of fund balance/net assets by Fund after taking into consideration any appropriations/drawdown of funds approved by City Council. Cash position reports provide a current cash position by Fund. Beginning in March 2020, these reports were replaced with the City Council’s Strategic Budget Planner’s monthly financial report.
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Monthly Line-Item Statements
Through February 2020, Financial Services prepared monthly line-item financial statements for City Council. These statements provided a comparison of the Council approved budget to actual expenditures and encumbrances. These financial statements and reports are unaudited; they are not the official statements of the City but rather a review of the progress to date each month as it relates to the budget. Beginning in March 2020, these statements were replaced with the City Council’s Strategic Budget Planner’s monthly financial report.