Title
Financial Report - City of Colorado Springs
Presenter:
Charae McDaniel, Acting Budget Director
Body
Summary:
This financial update includes an overview of revenues and expenditures for the year to date, and a number of economic indicators.
Previous Council Action:
On November 22, 2016, per Ordinance No. 16-116, City Council approved the 2017 Budget.
Background:
This monthly report provides revenue and expenditure trends based on activity through June, 2017.
Financial Implications:
Based upon the current end-of-year actuals, the City’s General Fund, its most significant fund used to provide core municipal services, is trending approximately 2.8% to 2.9% above budget for revenue and approximately 0.08%-0.28% under budget for expenditures.
Board/Commission Recommendation:
N/A
Stakeholder Process:
N/A
Alternatives:
N/A
Recommended Action
Proposed Motion:
N/A
Summary of Ordinance Language
N/A