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STAFF REPORT <br />TO: Mayor Keis and Members of the City Council <br />FROM: Brenda Malinowski, Finance Director <br />DATE: March 17, 2021 <br />RE: 2020 4th Quarter Financial Report <br />INTRODUCTION: <br />Attached are the 2020 4th Quarter Financial Reports for the City of Little Canada with comparison <br />information for the 4th Quarter 2019 and 4th Quarter 2018. The 4th quarter information may change slightly <br />from this report as staff and the auditors finalize financial transactions for the preparation of the 2020 <br />Comprehensive Annual Financial Report (CAFR). <br />Attachments: <br />•General Fund Quarterly Financial Report <br />•Special Revenue and Enterprise Funds Quarterly Financial Report <br />•Investments by Maturity and Type <br />General Fund Revenue <br />The 2020 budget revenue to budget percentage is at the highest of the last 5 years due to one-time funds <br />received from the federal CARES Act and the FEMA reimbursement for the 2019 flooding event. Without <br />these funds, the percentage of revenue collected to the budget drops to 99.86%. <br />1