AGENDA TITLE:
title
Receive and File the Treasurer’s Report and Register of Claims for the Month of January 2026 (IS - FIN)
end
MEETING DATE:
March 4, 2026
PREPARED BY:
Chia Lor, Accounting Manager
recommendation
RECOMMENDED ACTION:
Receive and File the Treasurer’s Report and Register of Claims for the month of January 2026.
body
BACKGROUND INFORMATION:
The Treasurer’s Report (Attachment 1) summarizes the revenue and expenditure activity during January 2026. It includes year-to-date actuals compared to the adopted budget, as well as a comparison to the prior year actuals for the same period. Monthly financial reports are prepared on a cash basis, meaning revenues are recorded when received and expenditures when paid. Accruals are only recorded at fiscal year end in accordance with accounting standards. Because revenue and expenditure activity do not occur evenly throughout the year, fluctuations in monthly totals are expected and do not necessarily reflect unusual trends.
Attachment 2 includes the Register of Claims totaling $21,825,205 for the month of January. Of this amount, $16,626,459 was paid through Accounts Payable and $5,198,746 through Payroll. All transactions reflected in the register are consistent with the adopted Fiscal Year 2025-26 budget and any amendments approved by City Council.
Interpreting the monthly financial information requires an understanding of the City’s cash flow patterns. While regular operating expenditures tend to occur consistently, the timing of major revenues, such as property taxes and sales tax, and capital project expenditures varies throughout the year. These timing differences can influence month-to-month trends. Staff will continue to note these timing differences for the Council and the public through footnotes in this report and future reports.
FISCAL IMPACT:
Not applicable.
FUNDING AVAILABLE:
Not applicable.