Coversheet

Item Coversheet

City of Independence
AGENDA ITEM COVER SHEET


Agenda Title: Financial and Fiscal Position Update


Recommendations: None. This is provided for the City Council's information.


Executive Summary: Staff will present a financial update and outline the City's current fiscal position.


Previous Activity: On February 12th, 2024, City staff presented an update to the City Council on the City's financial position for the current fiscal year (FY 2023-24) as well as an early forecast for Fiscal Year 2024-25. Staff advised that a follow-up presentation would be given at a future study session to provide additional information about the major issues that threatening the City's financial stability. This presentation will review those issues to help further inform the City Council in advance of receiving the FY 2024-25 Submitted Budget in May.

Department: City Manager's Office

Contact Person: Zachary Walker

REVIEWERS:
Department	Action
City Managers Office	Approved
City Clerk Department	Approved
City Managers Office	Approved
City Clerk Department	Approved

Council Action:

Council Action:

ATTACHMENTS:
	Description	Type
	Presentation	Ordinance