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ILZCitvt�f <br />Louisville <br />COLORADO - SINCE 1878 <br />FINANCE COMMITTEE <br />COMMUNICATION <br />SUBJECT: <br />FINANCIAL STATEMENTS FOR THE QUARTER ENDED <br />MARCH 31, 2019 <br />DATE: APRIL 22, 2019 <br />PRESENTED BY: KEVIN WATSON, FINANCE DIRECTOR <br />SUMMARY: <br />Attached are the March 31, 2019 financial statements presented on a budgetary basis for <br />all budgeted funds. The statements contain seven columns of information for each fund: <br />• 2017 Audited Actuals. <br />• 2018 Pre -Audit Actuals. These are the 2018 year-end amounts that have been <br />presented for audit. <br />• Current 2019 Budget. This is the 2019 budget that was adopted in November <br />2018. No budget amendments have been approved for 2019. <br />• Current 2019 Estimates. These are staff's current estimates for 2019. Please <br />note that they include some, but not nearly all, of the carry forward budget <br />amendments scheduled for presentation on June 4. <br />• Actuals as of March 31, 2019. These are year-to-date actual amounts presented <br />on a cash basis (no accruals). <br />• Actuals as a Percent of Budget. <br />• Actuals as a Percent of Estimates. <br />Revenue is presented by source and then further categorized in areas where more <br />information is desired. Expenditures are presented by function and then further <br />categorized by division where more information is desired. <br />FINANCE COMMITTEE COMMUNICATION <br />15 <br />