TO: Mayor Bien-Willner and Town Council Members
FROM: Jill Keimach, Town Manager
Douglas Allen, CFO
DATE: October 22, 2020
DEPARTMENT: Finance
Staff Contact Douglas Allen
End
AGENDA TITLE:
Title
Discussion and Possible Direction Regarding the FY2020/21 Monthly Financial Update No. 2 for October 2020.
Body
SUMMARY STATEMENT:
The document and presentation for the FY2020/21 Monthly Financial Update No. 2: October 2020 is now available. The entire Monthly Report document is not intended to be comprehensively covered by staff during Council's work session.
For the revenue sections, staff will provide an overview and focus on slides with a NEW stamp on it. Similar to last month's document, all slides are included to be available on screen if Council has a question or a request a specific point is addressed.
Also included in the October report are discussion points for the Mayor and Council's consideration to ease into opening budget priorities held in contingencies, as planned with the adopted budget FY2020/21. Staff will cover this section and ask for the Mayor and Council's direction. Management has prepared recommendations if the Mayor and Council decide it is time to open specific budget priorities.
Overall, be ready for financial news that is good; and to consider options for easing into Budget Priorities !
A. FY2020/21 MONTHLY FINANCIAL UPDATE NO. 2
I. INCLUDED IN THE OCTOBER UPDATE
a) Highlights and analysis of the Town's major and most impactful revenues; and
b) Options for consideration to ease into opening Expenditure priorities 2.
II. AVAILABILITY OF MATERIALS
The financial information necessary to complete accurate materials is not available to staff in time to be part of the Friday (October 16) release of the Mayor and Council agenda packet. The Monthly Financial Update document for October will be available by Tuesday October 20, 2020.
In an effort to keep the Mayor, Council and the Public informed on financial ma...
Click here for full text