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3 <br />THE CITY OF <br />-~-. - . ~ <br />L£~S~4NTONo CITY COUNCIL AGENDA REPORT <br />March 4, 2008 <br />Finance Department <br />TITLE: QUARTERLY FINANCIAL STATUS REPORT FOR THE SECOND <br />QUARTER OF FY 2007-08 (OPERATING BUDGET) <br />SUMMARY <br />The second quarter FY 2007-08 Financial Status Report is intended to update the City <br />Council on how actual year-to-date revenues and expenses compare with the budget <br />for the General Fund and certain selected other funds. <br />RECOMMENDATION <br />Accept report as submitted <br />FINANCIAL STATEMENT <br />No formal action is being requested at this time. Budget adjustment reductions were <br />previously approved in the first quarter; any subsequent changes will be presented to <br />Council in May with the Mid-Year/Mid-Term Budget update. <br />Submitted by: <br />r <br />David P. Culver <br />Director of Finance <br />Approve by: <br />Nelson Fialho <br />City Manager <br />Attachment: <br />1. Quarterly Financial Report <br />