TO:
Honorable Mayor and Members of the City Council
THROUGH:
Talyn Mirzakhanian, City Manager
FROM:
Onyx Jones, Interim Finance Director
Julie Bondarchuk, Financial Controller
Libby Bretthauer, Financial Services Manager
Marcelo Serrano, Budget & Financial Analyst
SUBJECT:Title
Financial Report:
a) Schedule of Demands: February 2025
b) Investment Portfolio Report: January 2025
c) Month End Financial Reports: January 2025
(No Budget Impact) (Interim Finance Director Jones).
ACCEPT REPORT AND DEMANDS
Line
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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 February is $9,157,096.58.
BACKGROUND:
Finance staff prepares a variety of financial reports for the 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 (or with Finance Subcommittee approved exceptions) and there is sufficient liquidity to support projected expenditures.
Month End Financial Reports:
This package includes summary level financial information for the month ending January 31, 2025. This report marks the seventh month of fiscal year 2025 and reflects the adopted budget plus subse...
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