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File #: 2019-1093    Version: 1 Name:
Type: Discussion Status: Agenda Ready
File created: 11/27/2019 In control: City Council
On agenda: 2/18/2020 Final action:
Title: FISCAL YEAR 2019-2020 MID-YEAR FINANCIAL REPORT AND CONSIDER ADOPTION OF RESOLUTION NO. 20-027 TO AMEND THE FISCAL YEAR 2019-2020 BUDGET (CITY COUNCIL)
Attachments: 1. Exhibit (A)- Mid-Year Resolution_Reso 20-027, 2. Exhibit (B)- Mid-Year Expenditure Requests, 3. Exhibit (C)- Vacancy Status Report, 4. Exhibit (D)- Fiscal Year 2018-2019 City Attorney’s Office Expenditure Analysis, 5. Exhibit (E)- Fiscal Year 2019-2020 Year-To-Date City Attorney's Office Expenditures Analysis, 6. Exhibit (F)- Public Works 2017-2018-2019 Invoices Charged to FY 2019-2020 Budget, 7. Exhibit (G)- Public Safety 2017-2018-2019 Invoices Charged to FY 2019-2020 Budget, 8. Exhibit (H)- Summary Revenue Report - Charges for Services - Fiscal Year 2018-2019, 9. Exhibit (I)- Community Center Upgrade - Mid Year Proposal
Report to Mayor and City Council
Tuesday, February 18, 2020
Discussion


SUBJECT:
Title
FISCAL YEAR 2019-2020 MID-YEAR FINANCIAL REPORT AND CONSIDER ADOPTION OF RESOLUTION NO. 20-027 TO AMEND THE FISCAL YEAR 2019-2020 BUDGET (CITY COUNCIL)

Body
I. SUMMARY

The Finance Department performs an ongoing review of the City's financial performance and provides updates on the General Fund results to the Mayor and the City Council. The report presents the City's financial condition in the current Fiscal Year (2019-2020) based on actual revenue and expenditure for the period of July 1 through December 31, 2019. In addition, the report includes Mid -Year funding requests from departments.

II. RECOMMENDATION
Recommendation

1. RECEIVE and FILE Mid -Year Budget Report
2. Adopt resolution No. 20-027, A RESOLUTION OF THE CITY OF CARSON CITY COUNCIL AMENDING THE FISCAL YEAR 2019-2020 BUDGET IN THE GENERAL FUND.
1.

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III. ALTERNATIVES

TAKE another action deemed appropriate by City Council.

IV. BACKGROUND

The City Council adopted the Fiscal Year 2019-2020 Budget at its June 18, 2019 meeting. The Mid-Year budget report analyzes the budget status at the mid-point of the current fiscal year and updates the Mayor and the City Council on the City of Carson's financial position. The report provides an opportunity to adjust revenue projections and make expenditures appropriation changes for any adjustments needed based on changed needs or priorities.
The Mid-Year Report is focused on the City's General Fund as the main operating fund for the City. Staff reviewed and is proposing adjustments to account for changing needs and priorities within each department, taking into account anticipated expenditures for the remainder of the year.
The Fiscal Year 2019-2020 Budget was adopted by the City Council to maintain levels of service to the residents of City of Carson and enhance public safety efforts. There are four areas that necessitate adjustments and require the City Co...

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