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Matter CC 24-415

Bi-Monthly Financial Report for July/August 2024.

Budget & Finance Public Safety, Finance and Strategic Support Committee (PSFSS) Agenda Ready Introduced 23 Sep 2024
2 Documents on file 894 KB · 2 extracted · 2 AI summaries
File
CC 24-415
Type
Consent-Committee Agenda
Status
Agenda Ready
Requester
Unknown
Introduced
23 Sep 2024
Last synced
03 Jun 2026 · 08:19

The papers

2 documents · 894 KB
01 569 KB

Memorandum

569 KB Extracted AI Summary
file 23636d76-2a20-4bb1-9060-8b765440e324.pdf sha de45791fe65d source unavailable

Official source link unavailable. The file was imported, but the current source metadata does not include a public document URL.

Generated summary AI-assisted

The source text indicates this attachment appears to be a draft document.

The Bi-Monthly Financial Report for July/August 2024 was prepared by the City Manager’s Budget Office and the Finance Department for review by the Public Safety, Finance, and Strategic Support Committee. The report indicates that revenues and expenditures are generally tracking within budget estimates for the first two months of the fiscal year. Key highlights include anticipated General Fund revenues and expenditures remaining within estimated levels, with some tax revenues performing above prior year levels while others may fall below estimates. Economic conditions show modest growth in Silicon Valley, with slight increases in unemployment and mixed trends in construction activity. The report also details specific revenue categories and their performance compared to budget estimates and prior year collections.

Key points
  • The report is for the Bi-Monthly Financial Report for July/August 2024.
  • Revenues and expenditures are generally tracking within budget estimates.
  • General Fund revenues are anticipated to end the year within estimated levels.
  • Construction and Conveyance Tax revenues are performing above prior year levels.
  • Transient Occupancy Tax activity is expected to slightly exceed budgeted estimates.
  • Overall construction activity decreased by 16.7% from prior year levels.
  • The unemployment rate in the San José MSA increased to 4.5% in August 2024.
  • General Fund revenues through August 2024 totaled $104.3 million, a decrease from the prior year.
Limitations
  • The document appears to be a draft as it contains incomplete sections and placeholders.
  • Some financial figures and estimates are preliminary and may change as the fiscal year progresses.
  • Unresolved placeholders affect the completeness of the summary.

Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.

Extracted text preview · 60,775 chars
PSFSS COMMITTEE AGENDA: ITEM: TO: PUBLIC SAFETY, FINANCE, AND STRATEGIC SUPPORT COMMITTEE SUBJECT: Bi-Monthly Financial Report For July/August 2024 Approved 10/17/24 (c)1. FROM: Jim Shannon DATE: October 4, 2024 Date: 10/9/2024 RECOMMENDATION Accept the Bi-Monthly Financial Report on actual revenues and expenditures as compared to the 2024-2025 Budget for the two months ending August 2024. OVERVIEW The Bi-Monthly Financial Report for July/August 2024 was jointly prepared by the City Manager’s Budget Office and the Finance Department and is presented for the Public Safety, Finance and Strategic Support Committee’s review. The City Manager’s Budget Office has analyzed actual expenditures as compared to the 2024-2025 Modified Budget and the Finance Department has prepared a report that reflects the financial results for the two months ending August 2024. Through the first two months of the fiscal year, revenues and expenditures were generally tracking within the budgeted estimates in the majority of City funds. The Administration will continue to closely monitor economic conditions and the performance in all City funds, bringing forward budget adjustments, as appropriate, to the...
02 325 KB

Attachment

325 KB Extracted AI Summary
file 5e3f05b1-3352-40b9-ad52-a7752821e318.pdf sha 0f7de4e97afc source unavailable

Official source link unavailable. The file was imported, but the current source metadata does not include a public document URL.

Generated summary AI-assisted

The source text indicates this attachment appears to be a draft document.

This document is a Monthly Financial Report from the Finance Department of the City of San Jose, detailing financial results for the month ended August 31, 2024, for the fiscal year 2024-2025. It includes comparisons of cash balances, revenues, and expenditures for the General Fund and other funds, along with various financial tables and charts. The report is unaudited and contains various sections including general fund comparisons, major revenue sources, and departmental revenues.

Key points
  • The report covers financial results for August 2024.
  • It includes comparisons of current year-to-date revenues and expenditures against prior year data.
  • The document contains various financial tables and charts illustrating cash balances, revenues, and expenditures.
  • The report is unaudited.
Limitations
  • The document is a draft and contains placeholders and unfilled sections.
  • Specific figures for certain financial metrics are not provided in the summary.

Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.

Extracted text preview · 26,362 chars
CITYOF A SANJOSE CAPITAL OF SILICON VALLEY FINANCE DEPARTMENT Monthly Financial Report Financial Results for the Month Ended August 31, 2024 Fiscal Year 2024-2025 (UNAUDITED) Finance Department, City of San Jose Monthly Financial Report Financial Results for the Month Ended August 31, 2024 Fiscal Year 2024-2025 (UNAUDITED) Table of Contents General Fund Page Reference Comparison of Current Year's Monthly Cash Balance vs. Prior Year's Balance....................................................................................... 1 Comparison of Current Year-to-Date Revenues vs. Prior Year-to-Date Revenues.......................................................................... 2 Comparison of Current Year-to-Date Expenditures vs. Prior Year-to-Date Expenditures..................................................................... 2 Comparison of Current Year-to-Date Revenues for Major Revenue Sources vs. Prior Year-to-Date Revenues......................................................................... 3 Comparison of Current Year-to-Date Expenditures by Type vs. Prior Year-to-Date Expenditures ............................................................... Source and Use of...