Laserfiche WebLink
City of Tukwila My WebLink |HelpSearch Tips |About |Sign Out
City of Tukwila <br />Allan Ekberg, Mayor <br />INFORMATIONAL MEMORANDUM <br />TO: Finance Committee <br />CC: Mayor Ekberg <br />FROM: Vicky Carlsen, Finance Director <br />BY: Jeff Friend, Fiscal Manager <br />DATE: November 5, 2019 <br />SUBJECT: 2019 3rd Quarter General Fund Update <br />The purpose of the 2019 311 Quarter General Fund Update is to provide financial results and highlight <br />significant items or trends for the General Fund. The update is based on financial data available as of <br />November 3, 2019 for the reporting period ending September 30, 2019. As September 2019 sales tax data <br />is unknown as of the current date, a conservative estimate has been made. <br />Allocated budgets are calculated based on the patterns of revenue received and expenditures made in the <br />previous year with the current year budget allocated using the same patterns. Additional details can be <br />found in the attached financial reports. <br />General Fund <br />The General Fund is the City's largest fund and accounts for most City resources and services including <br />governance, public safety, and administration. <br />Revenues <br />Based on data available November 51h, 2019 (with sales tax for September estimated), Total Revenue <br />through September is $46.1 million; $175.7 thousand more than the allocated budget of $46.0 million. <br />0. <br />