TO:
Honorable Mayor Powell and Members of the City Council
THROUGH:
David N. Carmany, City Manager
FROM:
Bruce Moe, Finance Director
SUBJECT:Title
Financial Reports:
a) Schedule of Demands: November 6, 2012
b) Payroll Register: November 8, 2012
RATIFY, RECEIVE AND FILE
Body
_____________________________________________________________________
RECOMMENDATION:
Staff recommends that the City Council ratify the attached schedule of demands and the payroll register, and receive and file this report.
FISCAL IMPLICATIONS:
The financial reports included herein, are designed to communicate fiscal activity based upon adopted and approved budget appropriations. No further action of a fiscal nature is requested as part of this report.
The value of the warrant register for this period is $1,323,177.82. The value of the payroll register, including payroll related disbursements, for the November 8, 2012 payroll period is $1,172,563.63.
BACKGROUND:
Finance staff prepares a variety of financial reports for City Council and Finance Subcommittee. A brief discussion of the enclosed reports follows.
DISCUSSION:
Ratification of Demands:
Every two weeks staff prepares a comprehensive listing of all disbursements with staff certification that the expenditure transactions listed have been reviewed and are within budgeted appropriations. This report includes a separation of payroll-related warrants, implemented to improve the agenda timing and process. Staff recommends that the City Council ratify the attached schedules of demands.
Attachments:
1. Schedule of Demands for November 6, 2012
2. Payroll Register for November 8, 2012