Legislation Details

File #: 21-051    Version: 1 Name:
Type: Informational Report Status: Filed
File created: 1/4/2021 In control: City Council Work Session
On agenda: 2/22/2021 Final action: 2/22/2021
Title: 2020 Financial Update Presenter: Charae McDaniel, Chief Financial Officer
Attachments: 1. February Financial Report

 

Title

2020 Financial Update

 

  Presenter: 

Charae McDaniel, Chief Financial Officer

 

Body

  Summary:

This update provides a financial report for 2020.

 

  Background: 

The monthly financial update provides the preliminary estimates of year-end revenue and expenditure for 2020 and the prior four years. The report also includes a Sales and Use Tax collection overview and updates on economic indicators.

  Previous Council Action:

On December 5, 2019, per Ordinance No. 19-87, City Council approved the 2020 Budget.

 

  Financial Implications:

N/A

 

  City Council Appointed Board/Commission/Committee Recommendation:

N/A

 

  Stakeholder Process:

N/A

 

  Alternatives:

N/A

 

Recommended Action

  Proposed Motion:

N/A

 

Summary of Ordinance Language

N/A