TO:
Honorable Mayor and Members of the City Council
THROUGH:
Talyn Mirzakhanian, City Manager
FROM:
Libby Bretthauer, Finance Director
Julie Bondarchuk, Financial Controller
Emy-Rose Hanna, Financial Services Manager
SUBJECT:Title
Financial Reports:
a) Schedule of Demands: December 2025
b) Investment Portfolio for the Month Ending December 31, 2025
c) Month End Report for December 2025
(No Budget Impact) (Finance Director Bretthauer).
ACCEPT REPORT AND DEMANDS
Body
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RECOMMENDATION:
Staff recommends that the City Council accept the attached reports and demands.
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 December 2025 is $11,855,076.48.
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 month 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 and there is sufficient liquidity to support projected expenditures.
Month-End Financial Reports:
This package includes summary level financial information for the month ending December 31, 2025. This report marks the sixth month of fiscal year 2025-2026, and reflects the annual budget adopted by City Council. The report provides monthly and year-to-date activity for all funds and departments presenting a snapshot of budget performance. A report highlighting the performance of key revenue sources is also included.
Lastly, a summary of balance sheet accounts managed by the City is included to provide the balances as of December 31, 2025. Balance sheet accounts record funds collected from private parties for a specific use together with the various expenditures that result from associated projects and activities. This report shows a brief description of each account along with its purpose, month-end balance, and the managing department.
PUBLIC OUTREACH:
After analysis, staff determined that public outreach was not required for this report.
ENVIRONMENTAL REVIEW:
The City has reviewed the proposed activity for compliance with the California Environmental Quality Act (CEQA) and has determined that the activity is not a “Project” as defined under Section 15378 of the State CEQA Guidelines; therefore, pursuant to Section 15060(c)(3) of the State CEQA Guidelines the activity is not subject to CEQA. Thus, no environmental review is necessary.
LEGAL REVIEW:
The City Attorney has reviewed this report and determined that no additional legal analysis is necessary.
ATTACHMENTS:
1. Schedule of Demands for December 2025
2. Investment Portfolio for month ending December 31, 2025
3. Month End Report for month ending December 31, 2025