AGENDA DATE: 11/1/2017
TITLE:
Title
FY 17 Unaudited Annual Financial Report (UAFR) and FY 17 Annual Economic Indicators Report (AEIR)
BODY
SUBJECT/PROPOSAL/REQUEST: Most recent financial indicators and County economic indicators
ITEM TYPE: Regular Information Item
STAFF CONTACT(S): Walker, Letteri, Burrell, Breeden, L., Allshouse, S.
PRESENTER (S): Betty Burrell
LEGAL REVIEW: Not Required
REVIEWED BY: Douglas C. Walker
BACKGROUND: The attached Unaudited Annual Financial Report (UAFR) (Attachment A) provides information regarding the County's FY 17 General Fund and School Fund performance as of June 30, 2017. The Annual Economic Indicator Report (AEIR) (Attachments B and C) provides an overview of FY 17 general economic conditions in the County
STRATEGIC PLAN: Operational Capacity: Ensure County government's ability to provide high quality service that achieves community priorities. Economic Prosperity: Foster an environment that stimulates diversified job creation, capital investments, and tax revenues that support community goals.
DISCUSSION:
Unaudited Annual Financial Report
The preliminary Unaudited Annual Financial Report (UAFR) reflects year-end data through June 30, 2017, the end of FY 17. The revenue information in the attached UAFR is organized in a way that is consistent with the revenue section of the County's budget document. Expenditure data is presented following the format of Exhibit 12 of the County's Comprehensive Annual Financial Report (CAFR). Line item titles in the UAFR match the line item titles in these two documents. The columns in the UAFR show FY 17 Adopted Budget revenues and expenditures, Revised Budget revenues and expenditures, as well as Year End actual revenues and expenditures. Each of these Year End figures subsequently is expressed as a dollar difference from, as well as a percentage of, the amount of the relevant dollar amount in the FY 17 Revised Budget.
Highlights of the attached report include...
Click here for full text