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File #: 17-940    Version: Name:
Type: Informational Report Status: Filed
File created: 4/10/2017 In control: Council Work Session
On agenda: 9/11/2017 Final action: 9/11/2017
Title: Financial Report - City of Colorado Springs Presenter: Charae McDaniel, Acting Budget Director
Attachments: 1. 091117 September 2017 Financial Update Presentation w Grant slides

 

 

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 August of 2017.

 

  Financial Implications:

Based upon the current end-of-year estimates, the City’s General Fund, its most significant fund used to provide core municipal services, is trending between 2.2% to 2.4% above budget for revenue and approximately 0.22% to 0.03% 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

 



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