Title
Present the Fiscal Year 2025-26 Second Quarter Financial Report and Grants Update.
Body
REQUESTOR:
Deputy Mayor Pro Tem Roger Neal
BACKGROUND:
Finance staff will present the unaudited Financial Report for the Second Quarter of Fiscal Year 2025-26. This report provides a mid-year overview of the City’s financial performance, including revenues, expenditures, and fund balances, and compares actual activity to the adopted budget.
The information presented is subject to change as financial activity continues throughout the fiscal year and as routine accounting adjustments are made.
This presentation also includes an update on the City’s grants. The City’s total grant award amount for the Fiscal Year 2025-26 Second Quarter Financial Report is $36,996,289.
DISCUSSION:
Council will review and discuss the Fiscal Year 2025-26 Second Quarter Financial Report and Grants Update. Staff will be available for any questions the Council may have.
DISTRICT:
Citywide
FISCAL IMPACT:
N/A
POSSIBLE COUNCIL ACTION:
N/A
ATTACHMENT(S):
1. Fiscal Year 2025-26 Second Quarter Memorandum
2. Presentation