FIRST QUARTER
FINANCIAL UPDATE
Fiscal Year 2022/23
City of Cotati
FINANCIAL REPORTING
CITYWIDE
OVERVIEW
GENERAL FUND ENTERPRISE
FUNDS
CASH AND
INVESTMENTS
PORTFOLIO
CITYWIDE
CITYWIDE
REVENUES & EXPENSES
CITYWIDE
OVERVIEW
Revenues and Expenses On Target
• General Fund – Timing of Major
revenues including Property Taxes and
Sales Taxes.
• Water and Sewer – Billed Bi-Monthly in
Arrears (one bill cycle completed in
period)
• Internal Service – Payouts typically in
Q2 of fiscal year.
• Capital Projects – Transfers from other
funds are variable due to timing of
projects
Revenues are at 13.1% of Budget
• Capital Projects and Special Revenue
Funds– are subject to timing of the
projects in place and related activity
incurred during the fiscal year.
Expenses are at 12.6% of Budget
GENERAL FUND
COMPARATIVE
REVENUES & EXPENDITURES
PROPORTION OF
GENERAL FUND REVENUES
ENTERPRISE FUNDS
SUMMARY OF WATER AND
WASTEWATER FUNDS
ENTERPRISE FUNDS ANALYSIS
WATER
• Revenues are at 18.9% of
budget
• Expenses are at 28.1% of
budget
WASTEWATER
• Revenues are at 28.5% of
budget
• Expenses are at 17.6% of
budget
CASH &
INVESTMENT
S
SUMMARY OF CASH AND
INVESTMENTS AT
SEPTEMBER 30, 2022
• Total approximately $19.3M.
• In line with the City adopted
investment policy.
• Enough to meet operational
needs for next 6 months in
fiscal year.
• City Utilizes Pooled Cash
and Investments.
CONCLUSION
Fiscal Year was primarily on track with Budget
and slightly decreased revenues, but also
expenditures compared to Fiscal Year 2021/22
No Additional Budget Requests for
Adjustments.
City staff will continue to update the Council
with quarterly financial reports, audited
financial reports for Fiscal Year 2022/23
NEW - Staff are working to generate a CityWide long range financial projections to be used for strategic planning later this year
City staff are committed to exercising
prudence and integrity in the management of
public funds and provide transparent
accountability for its use