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MEMORANDUM <br />Date: September 15, 2008 <br />To Gem Lake City Council <br />From: Jessie Hart, Treasurer <br />Re: General Fund AugustfYTD Financial Report <br />Attached for your review is the Cash and Investment Balance Statement for ALL funds <br />as of August 31, 2008 and the General Fund YTD Actual/Budget report, which is now <br />being generated from the. NEW financial system <br />The General Fund is the ONLY fund that I have formatted right now and there is some <br />"tweaking" that I need to do to get additional sub -totals by revenue/expenditure <br />categories and some additional work necessary before I can run a month -to -date <br />compared to budget. We have not had the ability to put a budget in based on <br />anticipated activity on a monthly basis so the budget is currently entered as an annual <br />number <br />I hope to have the other funds formatted and email them to the Mayor for distribution at <br />the meeting, Activity was limited to primarily interest income and minimal expenditures <br />for August with the exception of the City Hall Construction Fund where there was a <br />payment made to Lund Martin on the Heritage Hall project and the Sewer Fund where <br />there were payments received on sewer bills and payments made for locates and to the <br />Metropolitan Council. <br />Thank you first of all for accommodating the purchase of a financial accounting system <br />that makes the accumulation of current financial information quicker and easier and for <br />your patience during the set-up of the entire system (from checks to reports). It has <br />been time consuming but 1 believe it will be well worth the time and effort. <br />