TO:
Honorable Mayor and Members of the City Council
THROUGH:
Talyn Mirzakhanian, Acting City Manager
FROM:
Onyx Jones, Interim Finance Director
Julie Bondarchuk, Financial Controller
Libby Bretthauer, Financial Services Manager
Amira Khodari, Accounting Supervisor
SUBJECT:Title
Financial Report:
a) Schedule of Demands: September 2024
b) Investment Portfolio for the Month Ending August 31, 2024
c) Month End Report for August 31, 2024 (Interim Finance Director Jones).
ACCEPT REPORT AND DEMANDS
Body
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RECOMMENDATION:
Staff recommends that the City Council accept the attached report(s) 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 September 2024 is $9,987,785.74.
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 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 August 31, 2024. This report marks the second month of Fiscal Year 2024-2025, and reflects the annual budget adopted by City Council....
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