Agenda Item Summary


Meeting Date: 11/4/2013

Commission, Board or Committee: NA

Staff Contact: Pauline Sumption, Finance Officer

PW Committee or L&F Committee: 10/30/2013

Petitioner: Click here to enter text.

City Council 1st Reading: NA

Location: Click here to enter text.

City Council 2nd Reading: NA

Agenda Title:

Acknowledge General Fund Cash Balance Report for September 2013


The General Fund cash balance at the end of September is $9,939,435.54.  With reserves set at $6.7 million and cash designated to be used through the 2013 Appropriation Ordinance and additional supplemental ordinances of $3.3 million, which leaves, what appears to be, a negative undesignated cash balance of approximately $99k.  I need to point out that many of the expenditures that were carried over to 2013 from 2012, and included in the designated cash number of $3.3 million, have already been expended and have contributed to the cash balance.  Unfortunately, I am not able to determine the EXACT amount that is truly remaining in the designated cash amount unless I go through each individual invoice that has been paid in 2013 that was included in that number.  However, I feel very confident, that the undesignated cash is not actually negative at this point.  I also would like to point out that our cash balance will most likely dip even further in October, as we do not receive the second half of the property taxes until November.  At that time, the cash balance should spike up once again.  This is typical for this time of year.

Funding Source & Fiscal Impact (if applicable):

Click here to enter text.


Action: Acknowledge

Notes: Click here to enter text.


Click here to enter text.

Attachments & Links:


General Fund Cash Balance

Treasury Report

Ordinance No. 5761

Click here to enter text.

Click here to enter text.

Click here to enter text.

Click here to enter text.

Click here to enter text.