TO:
Honorable Mayor and Members of the City Council
THROUGH:
Bruce Moe, City Manager
FROM:
Steve S. Charelian, Finance Director
Julie Bondarchuk, Financial Controller
Amira Khodari, Accounting Supervisor
SUBJECT:Title
Financial Reports:
a) Schedule of Demands for February 9, 2024, and February 16, 2024
b) Investment Portfolio for the Month Ending January 31, 2024
c) Financial Month End Report for January 31, 2024
(Finance Director Charelian).
ACCEPT REPORTS AND DEMANDS
Line
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Recommended Action
RECOMMENDATION:
Staff recommends that the City Council accept the attached reports and demands.
Body
FISCAL IMPLICATIONS:
The financial report included herein is 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 total value of the warrant registers for February 9, 2024, and February 16, 2024, is $3,822,983.28.
BACKGROUND:
Finance staff prepares a variety of financial reports for City Council and the Finance Subcommittee. A brief discussion of the attached report follows.
DISCUSSION:
Schedule of Demands:
Every week staff prepares a comprehensive listing of all disbursements with staff certification that the expenditure transactions listed have been reviewed and are within budgeted appropriations.
Investment Portfolio:
Detailed Investment reports are provided to the Finance Subcommittee with summary reporting to City Council. The month end portfolio includes a certification by the Finance Director that all investments comply with established Investment Policies (or with Finance Subcommittee approved exceptions), and there is sufficient liquidity to support projected expenditures.
Month End Report:
This package includes summary level financial information for the month ending January 31, 2024. This report marks the seventh month of fiscal year 2023-2024 and reflects the annual ...
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