AGENDA TITLE:
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Receive and File the Treasurer’s Report and Register of Claims for the Month of February 2026 (IS - FIN)
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MEETING DATE:
April 15, 2026
PREPARED BY:
Chia Lor, Accounting Manager
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RECOMMENDED ACTION:
Receive and File the Treasurer’s Report and Register of Claims for the month of February 2026.
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BACKGROUND INFORMATION:
The Treasurer’s Report (Attachment 1) summarizes the revenue and expenditure activity during February 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 treasurer’s 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 $13,635,905 for the month of February. Of this amount, $8,815,032 was paid through Accounts Payable and $4,820,873 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 vary 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.