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File #: 2020-889    Version: 1 Name:
Type: Discussion Status: Agenda Ready
File created: 12/21/2020 In control: City Council
On agenda: 2/16/2021 Final action:
Title: FISCAL YEAR 2020-2021 MID-YEAR FINANCIAL REPORT AND CONSIDER ADOPTION OF RESOLUTION NO. 20-018 TO AMEND THE FISCAL YEAR 2020-2021 BUDGET (CITY COUNCIL).
Attachments: 1. Exhibit (A) - Resolution No. 20-018, A RESOLUTION OF THE CITY OF CARSON CITY COUNCIL AMENDING THE FISCAL YEAR 2020-2021 BUDGET IN THE GENERAL FUND, 2. Exhibit (B)- Summary Revenue Report- Charges for Services - Fiscal Year 2019-2020, 3. Exhibit (C)- Fiscal Year 2019-2020 City Attorney’s Office Expenditure Analysis, 4. Exhibit (D)- Fiscal Year 2020-2021 City Attorney’s Office Expenditure Analysis
Report to Mayor and City Council
Tuesday, February 16, 2021
Discussion


SUBJECT:
Title
FISCAL YEAR 2020-2021 MID-YEAR FINANCIAL REPORT AND CONSIDER ADOPTION OF RESOLUTION NO. 20-018 TO AMEND THE FISCAL YEAR 2020-2021 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 (2020-2021) based on actual revenue and expenditure for the period of July 1 through December 31, 2020. In addition, the report includes two categories of Mid -Year budget funding amendment requests:
(1) Requests related to COVID-19 relief programs and
(2) Requests from departments

II. RECOMMENDATION
Recommendation

1. RECEIVE and FILE Mid -Year Budget Report
2. Adopt Resolution No. 20-018, A RESOLUTION OF THE CITY OF CARSON CITY COUNCIL AMENDING THE FISCAL YEAR 2020-2021 BUDGET IN THE GENERAL FUND.
1.

Body
III. ALTERNATIVES

TAKE another action deemed appropriate by City Council.

IV. BACKGROUND

The City Council adopted the Fiscal Year 2020-2021 Budget at its June 16, 2020 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 expenditures appropriation 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 COVID-19 changing needs and new priorities within each department, taking into account anticipated expenditures for the remainder of the fiscal year (June 30, 2021).
The Fiscal Year 2020-2021 Budget was adopted by the City Council to maintain levels of service to the residents for the City of Carson and enhance public safety effo...

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