TO:
Honorable Mayor and Members of the City Council
THROUGH:
Mark Danaj, City Manager
FROM:
Bruce Moe, Finance Director
SUBJECT:Title
Financial Report:
Schedule of Demands: July 30, 2015 (Finance Director Moe).
APPROVE
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Recommended Action
RECOMMENDATION:
Staff recommends that the City Council approve the attached schedule of 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 register for July 30, 2015 is $3,600,123.50.
BACKGROUND:
Finance staff prepares a variety of financial reports for the City Council and the Finance Subcommittee. A brief discussion of the enclosed report follows.
DISCUSSION:
Ratification of Demands:
Every two weeks staff prepares a comprehensive listing of all disbursements (warrant and payroll registers) with staff certification that the expenditure transactions listed have been reviewed and are within budgeted appropriations.
Please note that this warrant register includes a refund to the Manhattan Village Homeowners Association of sewer fee overpayments dating back to July 2003. Several landscape water meter accounts were incorrectly classified in the City’s utility billing system as standard household type meters. The distinction is important because landscape water meter accounts are not billed for sewer usage (since none of the wastewater enters the sewer system) while standard accounts pay for sewer charges based on water consumption. The refund totals $72,313.03. This refund will appear as a prior period adjustment in the Wastewater Fund in the FY 2014-2015 Comprehensive Annual Financial Report (CAFR) issued in January 2016.
CONCLUSION:
Staff recommends that the City Council approve the attached financial report.
Attachment:
1. Schedule of Demands Register for July 30, 2015