Title
Accepting the PCDC FY24 Q3 Financial and Investment Reports.
Summary
The PCDC closed out the 3rd Quarter Financials and prepared the required Investment Report. All documents were reviewed by the Finance Director. Emily Upshaw, Valley View Consulting is attending the meeting and will be available to present a brief presentation on the investment report as needed. The Investment Report also must meet the requirements of the Public Financial Investment Act (PFIA). After PCDC Board acceptance, the Quarterly Report will be forwarded to the City Council for presentation per the ByLaws: “On a quarterly basis, the Executive Director or designee, shall present a financial update for the current fiscal year to the City Council at a regularly scheduled City Council meeting.”
Prior Action
The PCDC Board reviews and accepts all Quarterly Financial and Investment Reports prior to submission to the City Council.
Supporting Documents
FY24 Q3 Financial Report
Balance Sheet as of June 2024
FY24 Q3 Investment Report
Sales Tax Report as of June 2024
Staff Recommendation
Accept
Drafter
Tracy Waldron, Finance Director