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File #: 20-392    Version: 1 Name:
Type: Informational Report Status: Filed
File created: 7/13/2020 In control: Council Work Session
On agenda: 9/21/2020 Final action: 9/21/2020
Title: 2020 Financial Update and 2021 Budget Outlook Presenter: Charae McDaniel, Chief Financial Officer
Attachments: 1. September Financial Report

 

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



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