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Item No.: 22 Date: February 12, 2024 <br />Presenter: Maggie Jin <br />Presenter: Finance Director <br />Section:Finance Report <br /> <br /> <br />Title: Fourth Quarter Financial Update <br /> <br />1.Purpose: <br />The purpose of this item is to provide the Council with year-to-date General Fund Budget <br />Information. This is for informational purposes only and no action is required. <br />2.Background: <br />Information in this report should be considered preliminary and will not be final until the <br />completion of the City’s annual audit. Revenue information with the exception of interest should <br />have only minor changes, if any, between now and the final numbers. Investment interest is <br />allocated based on average fund balances and may change as final year-end adjusting entries are <br />made. Expenditures may change as year-end journal entries are entered and late arriving 2023 <br />invoices are processed. <br />3.Staff Recommendation: <br />This is for informational purpose only and no action is required. <br />AGENDA ITEM <br /> <br /> <br /> <br /> <br />COUNCIL ACTION REQUESTED <br />No action is required. <br />Exhibits <br />Fourth Quarter Financial Update.pdf <br />209