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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): |
Brad Armstrong, Senior Manager, Budget & Financial Analysis |
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|
Dan Hofer, Manager Capital Assets and Project Controls |
TITLE:
title
Financial Report - June 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 June 2021 Monthly Financial Statements have been prepared in accordance with the Financial Management Policy and are being presented to the Board.
A dashboard summarizing capital program delivery through June 2021 is included as an attachment.
Also provided, is the monthly Board Dashboard which summarizes key information from the June 2021 Monthly Financial Statements.
DISCUSSION:
At the August 11, 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 report on Capital Program delivery, discuss variances, and address questions from the Board of Trustees.
ALTERNATIVES:
N/A
FISCAL IMPACT:
N/A
ATTACHMENTS:
• June 2021 Board Operating Dashboard
• June 2021 Capital Program Delivery Dashboard
• June 2021 Monthly Financial Statements