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File #: 21-0350    Version: 1
Type: Consent - Staff Report Status: Agenda Ready
In control: City Council Regular Meeting
On agenda: 11/16/2021 Final action:
Title: Financial Reports: a) Schedule of Demands October 21, 2021, and October 28, 2021 b) Investment Portfolio for the Month Ending September 30, 2021 c) Month End Report for September 30, 2021 (Finance Director Charelian). ACCEPT REPORTS AND DEMANDS
Attachments: 1. Schedule of Demands for October 21, 2021, and October 28, 2021, 2. Investment Portfolio for the Month Ending September 30, 2021, 3. Month End Report for September 30, 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, Financial Services Manager

SUBJECT:Title
Financial Reports:
a) Schedule of Demands October 21, 2021, and October 28, 2021
b) Investment Portfolio for the Month Ending September 30, 2021
c) Month End Report for September 30, 2021
(Finance Director Charelian).
ACCEPT REPORTS AND DEMANDS
Line
_________________________________________________________
Recommended Action
RECOMMENDATION:
Staff recommends that the City Council accept the attached report and demands.
Body
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 October 21, 2021, and October 28, 2021, is $3,626,435.16.

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 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 September 30, 2021. This report marks the third month of fiscal year 2021-2022 and reflects the annual budget ...

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