Title
Presentation of the Quarterly Financial Report for the FY 2019-2020 Fourth Quarter ended September 30, 2020.
Body
Summary: Review and discussion of the preliminary and unaudited quarterly financial report for the District's FY 2019-2020 fourth quarter ended September 30, 2020. These preliminary results for the fiscal year are as follows:
Total Revenue - $1,648,896
Total Expenditures - $1,564,305, including $454,583 of capital outlay
Total Assets - $6,147,449
Total revenue includes sales tax revenue collected through August 2020 (sales taxes are deposited two months after collection). The August and September collections are paid to the City in October and November, respectively, and are accrued into September for the fiscal year.
Fiscal/Budgetary Impact:
N/A.
Recommended action
Accept the quarterly financial report for the FY 2019-2020 fourth quarter ended September 30, 2020.