Laserfiche WebLink
<br />~ <br />~HILLS <br /> <br />MEMORANDUM <br /> <br />DATE: <br /> <br />May 16, 2007 <br /> <br />Agenda Item 2.B-2. <br /> <br />TO: Honorable Mayor and City Council <br /> <br />FROM: <br /> <br />Sue Iverson, Finance Director ~J--.I <br /> <br />SUBJECT: 1 st Quarter 2007 Financial Reports/Investment Portfolio <br /> <br />BACKGROUND/DISCUSSION: <br /> <br />With the field work on the audit completed, we have unaudited numbers for both 2006 and 2007. <br />I have compiled them in the budget format that you are familiar with so that you can compare <br />budget to actual. You will also see 2007 year-to-date numbers with the budget variance listed. <br />Please note: the 2007 numbers have not yet been adjusted for changes and corrections. These <br />are just the first run, the numbers are good, but they may not be in the right categories or <br />departments, you will receive corrected reports as soon as these changes are complete. <br /> <br />Revenue numbers for 2007 are not complete, as these have adjusting journal entries from the <br />audit which still need to be posted. <br /> <br />Please feel free to contact me if you have any questions. <br /> <br />RECOMMENDED ACTION: <br />Staff will be available for questions or comments. <br />