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A Motion to Approve the Quarterly Financial Update (Unaudited) For the Period Ending September 30, 2025
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Introduction
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This is a motion seeking the approval of the quarterly financial update (unaudited) for the period ending September 30, 2025.
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Recommended Action
Approve the motion.
Prior Board Action
There is no prior Board action associated with this item.
Background
On a monthly basis, as required under State statute, staff present the Treasurer’s Report which primarily focuses on ending cash and investment balances. To supplement this information, the Finance Department also prepares a more detailed and thorough quarterly financial update and analysis for all major Funds. While this quarterly update is unaudited, it nonetheless provides crucial information on key revenues and expenditures incurred throughout the year. Significant variances are analyzed and explained within the report.
Timing Considerations
There are no specific timing considerations associated with this item.
Budget Impact
There is no budget impact associated with this item.
Staffing Impact
There is no staffing impact associated with this item. The item aligns with the department’s core service delivery.
DEI Impact
There is no DEI impact associated with this item.
Community Input
There has been no community input given in relation to this item.
Staff Recommendation
Approve the Motion.
Alternatives
There are no alternatives to this action.
Anticipated Future Actions
There are no anticipated future actions in relation to this item.
Prepared By: Donna M. Gayden, Interim Chief Financial Officer
Reviewed By: Ahmad M. Zayyad, Deputy Village Manager
Approved By: Kevin J. Jackson, Village Manager
Attachment(s):
1. Quarterly Financial Update (Unaudited) for the Period Ending September 30, 2025