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 Report:
a) Schedule of Demands: February 2026
b) Investment Portfolio for the Month Ending February 28, 2026
c) Month End Report for February 2026
(No Budget Impact) (Finance Director Bretthauer).
ACCEPT REPORT AND DEMANDS
Body
_________________________________________________________
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 February 2026 is $11,825,754.03.
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 February 28, 2026. This report marks the eighth month of fiscal year 2025-2026, and reflects the annual budget adopted by City Council plus approved adjustments. The report provides monthly and year-to-d...
Click here for full text