DATE: June 9, 2016
TO: Board of Mayor and Aldermen
FROM: Eric Stuckey, City Administrator
Russell Truell, Assistant City Administrator/CFO
Mike Lowe, Comptroller
SUBJECT:
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Discussion of Fiscal Year 2016 - 3rd Quarter Report
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Purpose
The purpose of this memo is to provide information to the Franklin Board of Mayor and Aldermen (BOMA) concerning the City’s 3rd Quarter Report
Background
Financial reports are provided on a quarterly basis to the Finance Committee
Financial Impact
The quarterly report shows the City’s financial condition for each fund as of March 31, 2016
Recommendation
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No action is required. This item is for reporting purposes only.