This presentation represents the unaudited results of operations as compared to the expected results of operations through December 31, 2020 for all annually budgeted funds.

This document has been prepared using the cash basis of accounting for the most part, utilizing information that was available at the time of this report.  The analysis excludes encumbrances (commitments to make future purchases) and reserves carried forward from prior years.

The City had an overall favorable variance of approximately $10.5 million as compared to the expected results of operations for the three months ending December 31, 2020.  The use of a portion of this amount is restricted for specific purposes.  All funds contributed to the variance except the Building Permit and Debt Service Funds.