TO: Honorable Mayor & Members of the North Port Commission
FROM: Jonathan R. Lewis, ICMA-CM, City Manager
TITLE: Cash Receipts Summary - February 2015
Recommended Action
Accept the report for February 2015
Background Information
In accordance with section 12.06 (f) of the City Charter, attached is the summary report of receipts and disbursements by fund for the month of February 2015.
This statement is designed to give the reader an indication of the financial condition of the City through the end of the month shown by summarizing the actual cash receipts and disbursements. Please be reminded that this summary is not a final statement, and is subject to revision and audit. You will note that there are certain funds that are reported on this summary that are not in the control of the City. Those funds include impact fees collected for Sarasota County and the Sarasota County School Board, which are reported in Funds 154, 155, 158, and 159. Also included on this report for informational purposes are the Fire and Police Pension Funds, 651 and 652, over which the City does not have control.
One fund that is included on this report, Fund 431 Utility Construction Fund, is for the tracking of the Deep Injection Well project that is being reimbursed by the State Revolving Funds (SRF) Loan. The Utility Department is currently working to finalize the SRF Loan closeout, which will eliminate this negative balance on the summary.
Strategic Plan
Financially Responsible City Providing Quality Municipal Services
Financial Impact
N/A
Procurement
Attachments:
1. Cash Receipts Summary - February 2015
Prepared by: Pete Lear
Department Director: Pete Lear