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File #: 21-28    Version: 1 Name:
Type: Agendas Status: Agenda Ready
File created: 1/21/2021 In control: Board of Aldermen
On agenda: 2/2/2021 Final action:
Title: Mid-year Financial Report PURPOSE: To review the Town's General Fund financial position at December 31, 2020.
Attachments: 1. Attachment A - Gen Fnd Rev and Exp at Dec 31 2020
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TITLE: Title

Mid-year Financial Report           

PURPOSE:   To review the Town’s General Fund financial position at December 31, 2020.     


DEPARTMENT:   Town Manager and Finance   


CONTACT INFORMATION:   David Andrews, Town Manager 919-918-7315; Arche McAdoo, Finance Director 919-918-7439; Cary McNallan, Budget Analyst 919-918-7301     


INFORMATION:  Attachment A includes a financial summary of the FY21 General Fund’s revenues, expenditures, and operating transfers through December 31, 2020.  Also included in the summary, for comparison purposes, is the same data for the period ending December 31, 2019 and for year ended FY20.  A powerpoint presentation will be provided during the meeting to highlight sections of this report and provide more details.        


FISCAL & STAFF IMPACT:    None       


RECOMMENDATION: Recommend that the Mayor and Council receive the report.