Title
2020 Financial Update and 2021 Budget Outlook
Presenter:
Charae McDaniel, Chief Financial Officer
Body
Summary:
This update provides the regular monthly financial update for 2020 and an outlook on the 2021 Budget
Background:
The monthly financial update provides graphs comparing the revenues received in the General Fund and expended by the General Fund, compared to prior years. The report also includes a Sales and Use Tax collection overview and updates on economic indicators.
The 2021 Budget Outlook presents current estimates of revenue and funding priorities for the 2021 Budget.
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