Title
Briefing on First Quarter Budget Report
Recommended Action
Committee Recommendation:
Not referred to a committee.
City Manager Recommendation:
Receive a briefing on the 2020 First Quarter Budget Report. Briefing only; No action required.
Report
Issue:
Whether to receive a briefing on the 2020 First Quarter Budget Report.
Staff Contact:
Nanci Lien, Fiscal Services Director, 360.756.8465
Presenter(s):
Nanci Lien, Fiscal Services Director, Administrative Services Department
Joan Lutz, Fiscal Services Budget/Financial Analyst, Administrative Services Department
Background and Analysis:
RCW 35A.34.240 <https://app.leg.wa.gov/RCW/default.aspx?cite=35A.34.240> requires a quarterly budget report to be submitted to the City Manager and City Council. The report should include a comparison of budget appropriations vs. actual expenditures and revenues received from all sources in the preceding quarter.
Staff will present a budget report representing the City’s financial activities for the period of January 2020 through March 2020.
Neighborhood/Community Interests (if known):
N/A
Options:
Information only.
Financial Impact:
N/A
Attachments:
None