Agenda No. 10.
CITY COUNCIL MEMORANDUM
| City Council Meeting: | August 1, 2023 |
| Department: | Finance |
| Subject: | Monthly Financial Reports - April 2023 and May 2023 (S.Gonzalez/J.Walters) |
BACKGROUND
Monthly, Staff will submit to council unaudited financial reports as an update on the City's fiscal and budget performance. Some payments that must be recorded in this month can occur months after the close of the period. In those cases, staff attempts to estimate the value based on prior year's fiscal performance and current year trends. The Annual Comprehensive Financial Report to be published after the fiscal year-end will include actual revenue and expenses for the accounts estimated in the monthly financial report.