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City Council Finance Committee <br />Meeting Minutes <br />10/18/21 <br />Page 3 of 3 <br />STATEMENTS OF REVENUE, EXPENDITURES, & CHANGES TO FUND <br />BALANCES <br />Kevin Watson, Director of Finance, provided a brief introduction to the Statements <br />of Revenue, Expenditures, and Statements of Fund Balances. These are routine <br />quarterly reports and are prepared for the City's main operating and capital funds. <br />Director Watson focused on the charts at the bottom of each table as a quick <br />review for the Committee, as they focus on the current budget, current estimate, <br />and the year-to-date amounts recorded through September 30, for both revenue <br />and expenditures. <br />The Committee discussed the latest estimates for General Fund revenue, capital <br />project carryovers into 2022, projected fund balance for the Capital Project Fund, <br />and the projected reserves for the Utility Funds. <br />The report and corresponding narrative can be located in the packet of the October <br />18, 2021 Finance Committee Meeting. <br />STAFF REPORTS/UPDATES/DISCUSSIONS <br />2022 Budget Update <br />There were no questions are requests for additional information regarding the <br />current 2022 budget process <br />III 6*9111:141olk'INN k1l*:'i:1*111W1:A►M440IZIL9 <br />The next regular Finance Committee Meeting is scheduled for Monday, November <br />15, 2021. <br />Items tentatively scheduled for the next meeting include: <br />• Quarterly Reports that are Available <br />• 2022 Work Plan <br />/_111101110LI <br />The meeting was adjourned at 5:12 p.m. <br />