Laserfiche WebLink
Item No. 7A <br />Type of Business: CB <br />WK: Work Session; PH: Public Hearing; <br />CA: Consent Agenda; CB: Council Business City of Mounds View Staff Report <br />To: Honorable Mayor and City Council <br />From: Charles Hansen, Finance Director <br />Item Title/Subject: Preliminary Quarterly Financial Report for the Quarter <br />Ended December 31, 2001 <br />Date of Report: February 7, 2002 <br /> <br /> <br />Attached is the preliminary December 31, 2001 Quarterly Financial Report. <br /> <br />Let me emphasize that this is a preliminary report. Some revenues still need to be <br />recorded as receivables. Some 2001 invoices are still being paid and recorded as <br />accounts payable. Interest hasn’t been allocated to funds. Some transfers between <br />funds (TIF to EDA as an example) still need to be recorded. <br /> <br />The budget may need to be amended for some funds (EDA and Street Lighting) where <br />the City Council authorized projects that exceeded the amounts in the original 2001 <br />budget. <br /> <br />Detail transactions need to be reviewed to find coding errors. <br /> <br />The report is still an interesting first look at the financial results for 2001, as long as the <br />limitations are understood. My impression is that it was a fairly good financial year for <br />the City on an overall basis, with a couple of problem areas. <br /> <br /> <br /> <br />Respectfully Submitted, <br /> <br /> <br /> <br />Charles Hansen