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City Council Meeting Minutes December 15, 2021 <br />closeout policies and procedures are developed, they will be evaluated for <br />effectiveness and as such are being scheduled for a detailed review in Quarter <br />3. She also provided the Internal Audit Plan for the next 12 months. <br />3. Receive a Staff presentation of the Quarter End September 30, 2021 Financial <br />Report, and provide direction to City Manager. <br />Marie Kalka, Finance Director provided a presentation regarding the quarterly <br />financial report ending September 30, 2021. <br />The revenue and expenditures are highlighted below with the present of budget <br />indicated: <br />General Fund: <br />Revenue: 111% <br />Expenditures: 94.4% <br />Electric Utility: <br />Revenue: 102.1% <br />Expenditures: 94.4% <br />Water/Wastewater Utility: <br />Revenue: 96.9% <br />Expenditures: 88.4% <br />Stormwater Management: <br />Revenue: 95.1% <br />Expenditures: 96.2% <br />Resource Recovery: <br />Revenues: 108.3% <br />Expenditures: 102.2% <br />Airport Fund: <br />Revenues: 114.6% <br />Expenditures: 105.1% <br />Hotel Tax Fund: <br />Revenues: 120.2% <br />Expenditures: 75.5% <br />4. Receive a Staff presentation of the Quarter End September 30, 2021 Investment <br />Report, and provide direction to City Manager. <br />City of San Marcos page 4 <br />