Title
FISCAL YEAR 2014/2015 ANNUAL FINANCIAL STATUS REPORT
Body
RECOMMENDED ACTION
Recommended Action
Council accept the report.
Body
SUMMARY
This report is provided in order to meet the City Charter requirement of publishing the City's Combined Statement of Revenues, Expenditures and Changes in Fund Equity (Schedule D) in the local newspaper within 120 days of the close of the fiscal year. The statement is scheduled for publication in the October 23rd issue of The Star News, which is the City's adjudicated newspaper of general circulation.
ENVIRONMENTAL REVIEW
The Development Services Director has reviewed the proposed activity for compliance with the California Environmental Quality Act (CEQA) and has determined that the activity is not a "Project" in accordance with Section 15378(b)(5) of the State CEQA because it involves only acceptance of the fiscal year 2014/15 annual financial status report and a commitment of fund balance, therefore it is an organizational or administrative activity of government that will not result in a direct or indirect physical change in the environment; therefore, pursuant to Section 15060(c)(3) of the State CEQA Guidelines the activity is not subject to CEQA. Thus, no environmental review is necessary.
BOARD/COMMISSION RECOMMENDATION
Not Applicable
DISCUSSION
Annual Financial Status Report
This report is provided in order to meet the City Charter requirement of publishing the City's Combined Statement of Revenues, Expenditures and Changes in Fund Equity (Schedule D) in the local newspaper within 120 days of the close of the fiscal year. The statement is scheduled for publication in the October 23rd issue of The Star News, which is the City's adjudicated newspaper of general circulation.
We will provide the Council with a complete report of fiscal year 2014/15 financial data upon presentation of the City's audited Comprehensive Annual Financial Report.
For the General Fund, actual Expenditure...
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