HomeMy WebLinkAboutWORK SESSION SUMMARY-07/09/2019-Work SessionFinancial Services
215 N'Mason Street, 2' Floor
PO Box 580
Fort Collins, CO 80522
970.2!21.6770
970.221.6782 - fax
fogov.comItinance
MEMORANDUM
DATE: July 12, 2019
TO: MayorTroxell and Councilmembers
THRU: Darin Atteb,erry, City Manag ll�
FROM: Mike Beck stead, Chief Financial Officer
Travis Storini, Accounting Director �75
RE: July 9, 2019 Work Session Summary: City Financial and Planning
Overview
This item was informational -only and covered,
1) An overview of the City's, financial activities and position
2) An overview of the City's two-year planning cycle inCILAding Council onboardin
Strategic Planning, and Budgeting for Outcornes I
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The City's financials are heal -thy with moderate debt and a strong fund balance position.
Expenditures for governmental and enterprise activities were $274M and $221 M,
respectively, for 2018.
V'f f% 0WQ 0 11 V, I I I ............
modify, and adopt the budget by the end of November 2020.
Next St9ps
No immediate follow-up actions were noted.
Conclusion
Finance staff appreciated this opportunity to share summary information with the full
Council and looks forward to its onboarding session with the new Council members.