Title
Presentation of the 2nd Quarter FY 2016 financial report as of March 31, 2016 (Assistant City Manager)
Background:
The City’s Financial Policies state, “Reports shall be prepared and presented on a regular basis that analyze, evaluate, and forecast the City’s financial performance and economic condition for the current year.” Policies also require a quarterly financial reporting system be established for submittal to the City Council. This report reflects the City’s financial performance for the first quarter of Fiscal Year 2016 as of March 31, 2016.
This report is presented for informational purposes only. No Council action is required.
CONTRACT ORIGINATION:
FUNDING
{ } NOT APPLICABLE
{ } Funds are available from Account #___________________________
{ } Requires Budget Amendment to transfer from Account #____________to Account # ___________________