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File #: 21-0058    Version: 1
Type: Consent - Staff Report Status: Agenda Ready
In control: City Council Regular Meeting
On agenda: 4/6/2021 Final action:
Title: Financial Reports: a) Schedule of Demands March 4, 2021, and March 18, 2021 b) Investment Portfolio for the Month Ending February 28, 2021 c) Month End Report for February 28, 2021 (Finance Director Charelian). ACCEPT REPORTS AND DEMANDS
Attachments: 1. Schedule of Demands for March 4, 2021 and March 18, 2021, 2. Investment Portfolio for the Month Ending February 28, 2021, 3. Month End Report for February 28, 2021
TO:
Honorable Mayor and Members of the City Council

THROUGH:
Bruce Moe, City Manager

FROM:
Steve S. Charelian, Finance Director
Julie Bondarchuk, Financial Controller
Libby Bretthauer, Senior Financial Analyst

SUBJECT:Title
Financial Reports:
a) Schedule of Demands March 4, 2021, and March 18, 2021
b) Investment Portfolio for the Month Ending February 28, 2021
c) Month End Report for February 28, 2021
(Finance Director Charelian).
ACCEPT REPORTS AND DEMANDS
Line
_________________________________________________________
Recommended Action
RECOMMENDATION:
Staff recommends that the City Council accept the attached reports and demands.
Body
FISCAL IMPLICATIONS:
The financial reports included herein are 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 March 4, 2021, and March 18, 2021, is $13,217,118.28.

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 two weeks, 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 Report:
This package includes summary level financial information for the month ending February 28, 2021. This report marks the eighth month of Fiscal Year 2020-2021 and reflects the annual budget adopted b...

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