Title
A MOTION TO ACKNOWLEDGE THE TIMELY RECEIPT OF THE MARCH 2016 MONTHLY FINANCIAL REPORT.
Executive Summary: Financial summaries are provided each month for Council’s review.
Body
Legislative History
None.
Purpose & Explanation
Pursuant to the State Auditor’s request, City Council must formally acknowledge the receipt of monthly financial reports.
Timing Considerations
The report submitted is for the preceding month.
NOTE: As requested, there is a financial summary of Velocity Broadband that was added to the 2nd page of Variance Notes.
Fiscal Impact
Currently Budgeted
Supplemental Appropriation Required
X Appropriation Not Required
Recommendation
Suggested Action
Staff recommends that City Council acknowledge receipt of the monthly financial report.
Submitted by,
Jane Howington, City Manager
Jeffrey F. Knoblauch, Finance Director