A Resolution of the City Council of Homer, Alaska, Requiring the Finance Department to Provide a Quarterly Report of Finances of the City of Homer. Roberts/Burgess.
CITY OF HOMER
A RESOLUTION OF THE CITY COUNCIL OF HOMER, ALASKA, REQUIRING THE FINANCE DEPARTMENT TO PROVIDE A QUARTERLY REPORT OF FINANCES OF THE CITY OF HOMER.
WHEREAS, The Finance Department of the City of Homer keeps records of income and expenditures for the City of Homer; and
WHEREAS, The City Council of Homer, Alaska, is mandated with overseeing the finances of the City of Homer; and
WHEREAS, A quarterly snapshot of the financial condition is beneficial to seeing trends in expenditures and income; and
WHEREAS, A quarterly Balance Sheet should be included in the report; and
WHEREAS, Important income items that should be included in the report are quarterly sales tax reports and property tax income; and
WHEREAS, The Water and Sewer Fund and the Port and Harbor Fund need to be included in such reporting; and
WHEREAS, All Internal Service Funds such as the Health Care Fund and the Leave Fund need to be included in such reporting.
NOW, THEREFORE, BE IT RESOLVED the City Council of Homer, Alaska, requires the Finance Department to provide a quarterly report of finances of the City of Homer.
PASSED AND ADOPTED by the City Council of Homer, Alaska, this 22nd day of July, 2013.
CITY OF HOMER
MARY E. WYTHE, MAYOR
JO JOHNSON, CMC, CITY CLERK
Fiscal Note: N/A