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