City of Albuquerque
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File #: EC-21-332   
Type: Executive Communication Status: In Council - Reported from Committee
File created: 5/3/2021 In control: Finance & Government Operations Committee
Final action:
Enactment date: Enactment #:
Title: Revenue & Expense Report for Second Quarter Fiscal Year 2021
Attachments: 1. EC-332

 

                                          City of Albuquerque

MAYOR / CAO OFFICE

 

 

 

 

Tim Keller, Mayor

 

Interoffice Memorandum                                                                                                                                   April 7, 2021

 

 

To:                                          Cynthia Borrego, President, City Council

 

From:                                          Timothy M. Keller, Mayor

 

Subject:                     title

Revenue & Expense Report for Second Quarter Fiscal Year 2021

body

 

Attached is the Second Quarter Revenue and Expense Report for Fiscal Year 2021.  The report contains summary information for the various revenue sources for the General Fund and Other Funds.  Also included is a table of year-to-date expenditure information along with projections of those expenditures for the remainder of the fiscal year.  The departments with potential overages will be monitored closely.

 

Note: The First Quarter Revenue and Expense Report for Fiscal Year 2021 was not completed by the Office of Management and Budget nor submitted to City Council.  The COVID-19 public health emergency had an unprecedented impact on the Fiscal Year 2021 budget cycle that required the City to adopt special budget procedures (O-20-7).  As a result, the fiscal year 2021 budget was formally approved in November 2020, which made the compilation of first quarter revenue and expense projections unfeasible.      

 

If you have any questions please contact Lawrence L. Davis, Budget Officer at 768-3364.

 

Approved:                                                                                                                               Approved as to Legal Form:

 

 

                                                                                                                                                   _____________________________

Sarita Nair                                                               Date                                                               Esteban A. Aguilar                                           Date

Chief Administrative Officer                                                                                    City Attorney

 

Recommended:

                                                               

 

                                                                                                                                                                                                                                                            

Renée Martínez                                          Date                                                               Sanjay Bhakta                                                               Date

Director                                                                                                                              Chief Finance Officer

                     

 

 

                                                                                                              

Lawrence L. Davis                                          Date

Budget Officer