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TO: |
Board of Trustees |
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THROUGH: |
Mary DeLoretto, Interim Executive Director |
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FROM: |
William Greene, Chief Financial Officer |
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PRESENTER(S): |
Brad Armstrong, Senior Manager Budget and Financial Analysis |
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|
Dan Hofer, Manager of Capital Assets and Project Controls |
TITLE:
title
Financial Report - November 2021
end
AGENDA ITEM TYPE:
Report
RECOMMENDATION:
Informational report for discussion
BACKGROUND:
The Board of Trustees Policy No. 2.1, Financial Management, directs the Chief Financial Officer to present monthly financial statements stating the Authority’s financial position, revenues, and expense to the Board of Trustees as soon as practical with monthly and year-to-date budget versus actual report to be included in the monthly financial report.
The November 2021 Monthly Financial Statements have been prepared in accordance
with the Financial Management Policy and are being presented to the Board. Also provided, is the monthly Board Dashboard which summarizes key information from the November 2021 Monthly Financial Statements.
DISCUSSION:
At the January 12, 2022 meeting, the Senior Manager of Budget and Financial Analysis will review the Board Dashboard key items, passenger revenues, sales tax collections and operating expense variances and receive questions from the Board of Trustees. The Manager of Capital Assets and Project Controls will review the financial status of capital projects and receive questions from the Board of Trustees
ALTERNATIVES:
Not applicable
FISCAL IMPACT:
Not applicable
ATTACHMENTS:
• November 2021 Board Dashboard
• November 2021 Monthly Financial Statements