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<br />WS – Item 6 <br />WORK SESSION STAFF REPORT <br />Work Session Item No. 6 <br /> <br /> <br />Date: May 3, 2021 <br /> <br />To: City Council <br /> <br />From: Hannah Lynch, Finance Director <br /> <br />Re: 1st Quarter 2021 Financial Report <br /> <br /> <br />Background <br /> <br />This is a new report for the City of Lino Lakes. The Finance Department will prepare it <br />quarterly to provide City Council an update on cash and investments as well as budget to <br />actual analysis. The annual audited financial statements will take the place of a 4th quarter <br />report. <br /> <br />Requested Council Direction <br /> <br />Consider how you would like to receive this report in the future (i.e. brief presentation at <br />a work session or emailed out in a Friday update). <br /> <br />Attachments <br /> <br />Q1 2021 Financial Report