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genda <br />Fullerton <br />MEETING DATE: FEBRUARY 19, 2019 <br />TO: CITY COUNCIL / SUCCESSOR AGENCY <br />FROM: KENNETH A. DOMER, CITY MANAGER <br />Council <br />PREPARED BY: MICHAEL B. O'KELLY, DIRECTOR OF ADMINISTRATIVE <br />SERVICES <br />SUBJECT: SECOND QUARTER FINANCIAL AND TREASURER'S <br />REPORT AND BUDGET ADJUSTMENTS FOR FISCAL <br />YEAR 2018-19 <br />SUMMARY <br />These reports provides a review of the City's financial position for the first quarter of <br />Fiscal Year 2018-19, and includes the Treasurer's Report for the same period. In <br />addition, mid -year budget adjustments are included to ensure that budget and <br />accounting records are accurately maintained as the fiscal year progresses. <br />RECOMMENDATION <br />Receive and file financial reports and approve mid -year budget adjustments. <br />BUDGET POLICY PRIORITY STATEMENT <br />This item matches the following Budget Policy Priority Statement/s: <br />• Fiscal and Organizational Stability. <br />FISCAL IMPACT <br />The information provided in these reports will be used by staff to ensure continued <br />budgetary diligence over the remainder of the fiscal year and through the budget <br />development process for next fiscal year. The requested budget adjustments generally <br />reflect required corrections to the FY 2018-19 budgeted revenues and appropriations. <br />