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05-13-08
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05-13-08
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• <br /> A DEN ji.ILLS <br /> MEMORANDUM <br /> DATE: May 9, 2008 <br /> TO: Financial Planning and Analysis Committee <br /> FROM: Sue Iverson, Finance Director <br /> SUBJECT: lst Quarter 2008 Financial Reports <br /> The 1st quarter financial reports for 2008 which were reviewed by the City Council are provided for thir <br /> information. Although the committee does not get involved in the budget and reporting process, <br /> Illinformation may be useful when we are looking at long-range financial plans and fund balances, as an <br /> understanding of the general everyday operations of the City is needed. <br /> Please remember when reviewing these reports that we are on a cash basis and not accrual. The 2007e <br /> r <br /> financial reports are not yet completed and the not l reversing <br /> market fundentries <br /> in one account,asne. 1st we have had a <br /> investments do show a significant share ofmoney <br /> number of instruments called dues��falling�o rest rates. A number of our the and are not expected to go until tmaturity�k long-term, <br /> but many of them have call dates <br /> • <br /> \\Metro-inet.us\ardenhills\Admin\Committees\FPAC\4-3-08 Financials.doc <br />
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