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COCOA (BREVARD COUNTY) · LOCALlocal legislationAgenda Ready

Local Impact

Monthly City Financial Reporting Requirement

Original title: In accordance with City Code, Section 2-74, at the beginning of each month during the fiscal year, the City Manager shall submit to City Council data showing the relation between the estimated and actual income and expenses to date. (Finance Director)

Record date · December 12, 2023

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What This Bill Does

This document confirms the City Manager's ongoing obligation to provide City Council with monthly reports comparing the city's actual income and spending against original budget estimates. This process is mandated by City Code Section 2-74 to ensure fiscal oversight throughout the year.

Why it matters

Residents are affected by this policy because it establishes a recurring mechanism for City Council to monitor the city's financial health and budget adherence on a monthly basis.

Who It Affects

Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.

Directly affected

City Council

They receive monthly financial reports to facilitate oversight of city expenditures and revenue.

Directly affected

City Manager

They are responsible for compiling and submitting the monthly financial data to the Council.

Key Facts

The City Manager is required to submit financial data to the City Council at the beginning of every month during the fiscal year.
The submitted data must compare estimated income and expenses against actual income and expenses to date.
This requirement is mandated by City Code, Section 2-74.
This specific filing is identified as File 23-764.

Show all 5 facts

The status of this item is 'Agenda Ready' as of December 1, 2023.

Frequently Asked Questions

What is the purpose of this report?

The report provides a comparison between the city's budgeted (estimated) income and expenses and the actual financial results to date.

How often is this financial information provided?

The City Manager is required to submit this data at the beginning of each month during the .

What else do you want to know?

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Full breakdown

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Discoveries

1 pattern noticed across the record

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift90% confidence

Standardized Reporting

The document reinforces existing city code requirements for monthly financial transparency, ensuring consistent oversight throughout the fiscal year.

City Manager City Council

Connected Entities

City Council, City Manager, Finance Director and 1 more

OrganizationCity Council“The governing body receiving the monthly financial reports.”Map →

PersonCity Manager“Responsible for submitting the monthly financial data to the City Council.”Map →

PersonFinance Director“The official associated with the filing of this informational item.”Map →

otherCity Code, Section 2-74“The legal authority requiring the monthly financial reporting.”Map →

Sources

Open source document

webapi.legistar.com

Analysis Score

0–100

Significance20
How much this matters to a regular citizen
Controversy5
Intensity of disagreement among stakeholders
Entertainment5
Compellingness for a non-policy-wonk reader
Buzz10
Current news / social attention level

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