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TO: |
Board of Trustees |
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THROUGH: |
Mary DeLoretto, Interim Executive Director |
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FROM: |
Bill Greene, Chief Financial Officer |
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PRESENTER(S): |
Bill Greene, Chief Financial Officer |
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Brad Armstrong, Senior Manager Budget & Financial Analysis |
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Dan Hofer, Manager Capital Assets & Process Controls |
TITLE:
title
Financial Report - October 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 October 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 October 2021 Monthly Financial Statements.
DISCUSSION:
At the December 8, 2021 meeting, the Senior Manager 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 also review the financial status of capital projects and receive questions from the Board of Trustees
ALTERNATIVES:
Not applicable
FISCAL IMPACT:
Not applicable
ATTACHMENTS:
• October 2021 Board Dashboard
• October 2021 Monthly Financial Statements