|The city treasurer provides very detailed financial reports to the city council on a monthly basis, however, the reports do not include specific monthly totals. The reports have a year-to-date totals from the beginning of the fiscal year (July 1st). RUBA staff recommended a format in Excel spreadsheet for the city to use. A sample was provided which included revenue/expenditure category, current budget figure, total monthly revenue/expenditure figure, Year-To-Date total, and Balance (comparison with budget and YTD).
The city has not adopted the FY09 budget yet. Until that occurs, the indicators dependant upon the budget are unable to be documented.
Update: The city has adopted a realistic and balanced FY '09 budget. Monthly financial reports are made using Quickbooks Pro format, acceptable to RUBA.|