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State unemployment for September was 3.4%, which compares to national unemployment of 4.1%. <br /> Nationally, inflation is at 2.4%, which is down from 3.7% a year ago. The high was back in 2022 at 9.1%. <br /> At the state level, the legislature is working with a $3.7 billion surplus based on the February 2024 <br /> forecast. The Legislature needed to adopt any budget amendments by May 20'h <br /> Finance Department Operations: <br /> The annual financial audit and the 5 Year Financial Plan have been completed. Work on the 2025 <br /> Municipal budget is in process. <br /> Recommendation <br /> Staff recommends the City Council review and accept the quarterly report. <br /> Attachments <br /> Exhibit A— General Fund <br /> Exhibit B — Other Governmental Funds <br /> Exhibit C —Water Fund <br /> Exhibit D — Sewer Fund <br /> Exhibit E — Street Lighting Fund <br /> Exhibit F — Surface Water Management Fund <br />