Broken Arrow City Council
Meeting of: 01-19-16
To: Mayor and City Council
From: Finance Department
Title:
title
General Fund Financial Presentation for the six months ending December 31, 2015, and Presentation of Estimated Revenues for Fiscal Years 2016 and 2017
End
Background:
It is beneficial for the City Council to review the financial status of the City on a regular basis. This presentation is for the first six months of the fiscal year and includes an Overview of the results, as well as the Income Statement for the six month period ending December 31, 2015.
Additionally, the presentation includes the projected revenues for Fiscal Years 2016 and 2017 in a pro forma manner. The projected revenues also reflect the effects of the implementation of the Public Safety Sales Tax that begins January 1, 2017.
Staff will be prepared to address any questions posed by the Council.
Cost: $0
Prepared By: Thomas L. Caldwell, Finance Director
Reviewed By: Legal Department
Acting Assistant City Manager
Approved By: Michael L. Spurgeon, City Manager
Attachments: General Fund Financial Overview
General Fund Income Statement for the Six Months Ending
December 31, 2015
Estimated Revenues for Fiscal Years 2016 and 2017
Recommendation:
No action required