5-18-2021 AGENDA ITEM NO.12 - THIRD QUARTER FINANCIAL REPORT FOR FISCAL YEAR 2020-21AGENDA ITEM NO. 12
AGENDA STAFF REPORT
City of West Covina I Office of the City Manager
DATE: May 18, 2021
TO: Mayor and City Council
FROM: David Carmany
City Manager
SUBJECT: THIRD QUARTER FINANCIAL REPORT FOR FISCAL YEAR 2020-21
RECOMMENDATION:
It is recommended that the City Council take the following actions:
1. Receive and file the Third Quarter Financial Report for Fiscal Year 2020-21; and
2. Adopt the following resolution:
RESOLUTION NO.2021-54 - A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
WEST COVINA, CALIFORNIA, ADOPTING A BUDGET AMENDMENT FOR THE FISCAL
YEAR COMMENCING JULY 1, 2020 AND ENDING JUNE 30, 2021 (THIRD QUARTER
FINANCIAL REPORT)
DISCUSSION:
The City of West Covina has completed the third quarter of Fiscal Year 2020-2 1. The attached Quarterly Financial
Report summarizes the City's overall financial position for the period of July 1, 2020 through March 31, 2021, but
it is not meant to be inclusive of all finance and accounting transactions. While the focus of the report is the
General Fund, summary financial information is also provided for the Enterprise Fund (West Covina Service
Group) and Special Revenue Funds (i.e. Measure R, Proposition A, etc.).
With only 65.3% of the City's General Fund Revenues received by March 31, 2021, the General Fund Revenues
are below budget at this time. This is expected, as the City's two largest General Fund revenues (sales and
property taxes) are not received on a consistent basis. In fact, most property tax revenues are received in
December/January and April/May. As part of the second quarter review, staff reviewed General Fund revenue
trends and current available information to provide revised General Fund revenue projections. No new revisions to
revenue projections are proposed at this time. However, an increase in transfers is proposed to reflect actuals which
increases revenues by $179,544.
With 75% of the year completed, a review of the City's General Fund Expenditures by department shows that five
of the nine departments are on target with budget projections. The Human Resources budget is at 98.4% of the
budgeted amount through March 31, 2021. A budget amendment correcting this was approved with the mid -year
report. The Planning Department is slightly over 75%, 78.3% at the end of the quarter, but should be within budget
at June 30, 2021. The Fire Department expense is at 93.6% of budget, mainly due to overtime costs that were not
budgeted in the 2020-21 budget. A study exploring alternative options for the provision of fire services is underway
to provide the City Council with various options. Finally, the Finance Department is 79.9% of budgeted
expenditures and is expected to end the year within budget.
A study evaluating alternative options for the provision of fire services is underway. The use of overtime is being
closely monitored and evaluated by the City Manager and the Finance Director and when the study is complete it
will be presented to the City Council for review and direction to resolve this issue. The overtime budgets for the
Police and Fire Departments are being reviewed biweekly by City staff. Staff will also provide another update on
the overtime for both departments in the Fourth Quarter Financial Report.
The City will make the Third Quarter Financial Report available on the City's website for review by the City's
stakeholders.
LEGAL REVIEW:
The City Attorney's Office has reviewed the resolution and approved it as to form.
Prepared by: Robbeyn Bird, Finance Director
Fiscal Impact
FISCAL IMPACT:
The proposed budget amendment will increase General Fund estimated revenues by $179,544 and decrease
General Fund expenditures by $1,440,015. The net increase in both revenues and expenditures is $1,619,559.
Therefore, the General Fund remains in balance for Fiscal Year 2020-21.
Proposed General Fund (Fund 110) changes are summarized as follows:
111PORWal Budgeted Revenues 66,672,236
Prior Budget Amendments: 1,485,900
Proposed Third Quarter Budget
Adjustments:
Transfer In from CIP Fund 179,510
Transfer In from Safer Grant Fund 11
Transfer In from Police Private 23
Grants Fund
Original Budgeted Expenditures $66,672,236
Prior Budget Amendments: 3,105,459
Proposed Third Quarter Budget
Adjustments:
Transfer Out to CIP Fund 4,893,321
CIP Expenses (4,893,321)
Transfer Out Prior Year PERS UAL 210,021
Decrease in PERS UAL (1,650,036)
It should be noted that General Fund revenues and expenditures for Fiscal Year 2020-21 remain balanced.
Proposed changes to other funds are summarized below:
Service
Park Acquisition Fund
Law Enforcement Tobacco Grant Fund '
Debt Service Fund
Self Insurance -Uninsured Loss Fund
Self Insurance General and Auto Liability Fund
Taskforce Regional Auto Theft Prevention Fund
Capital Projects Fund
Safer Grant Fund
Police Private Grants Fund
38,200
15,000
23,200
0
3,560,534
(3,560,534)
0
100
(100)
100
0
100
T10,021
0
210,021
4,893,321
5,072,831
(179,510)
0
�1
(11)
0
23
(23)
Attachments
Attachment No. 1 — Third Quarter Financial Report for Fiscal Year 20-21
Attachment No. 2 — Resolution No. 2021-54
Exhibit No. 1 - Budget Amendment No. 43
CITY COUNCIL GOALS & OBJECTIVES: Achieve Fiscal Sustainability and Financial Stability
Respond to the Global COVID-19 Pandemic
Financial Recovery Plan/Corrective Action
CITY OF
WEST COVINA
ATTACHMENT NO. 1
Fiscal Year 2020-21
The City has completed the third quarter of Fiscal Year
2020-21. This report summarizes the overall financial
performance of the City for the period of July 1, 2020
through March 31, 2021, but it is not meant to be
inclusive of all finance and accounting transactions.
While the focus of the report is the General Fund,
summary financial information is also provided for the
Enterprise Fund and Special Revenue Funds. The
information presented is unaudited. This report is
intended only to provide the City Council and the public
with an overview of the City's general fiscal condition.
The revenue and expenditure budgets per the Budget
to Actual comparisons include adjustments for
carryovers and any appropriations made as of March
31, 2021. The information presented reports revenues
as they are received and expenditures when paid.
Revenues and expenditures are only accrued at year
end to account for such activity in the correct fiscal
year.
GENERALFUND
The General Fund is the general operating fund for the
City. It provides the resources to sustain the day-to-
day activities and services to the community. All nine
departments receive support, either directly or
indirectly, from the General Fund.
The General Fund original budget for FY 20-21 was
$66,672,236 for revenues and expenditures excluding
the payment to CalPERS for the Unfunded Accrued
Liability in the amount of $185,582,240 as a result of
issuing the Pension Obligation Bonds in July. All
General Fund Budget Amendments during the fiscal
year have been offset with the annual Unfunded
Liability payment that was budgeted in the amount of
$11,870,931 to keep the General Fund in balance
during the current fiscal year. With 75% of the year
complete, General Fund revenues are at 65.3% of
budget and expenditures are at 87.9% excluding the
budget of the PERS Unfunded Accrued Liability (UAL).
General Fund
Original Budget to Year -to -Date Actual
$80,000,000
$70,000,000 $66,672,236 $66,672,236
$60,000,000
$50,000,000 $43,570,107 $48,165,832
$40,000,000
$30,000,000
$20,000,000 —
$10,000,000 -
$- —
Revenues Expenditures
■ Budget ■ YTD Actual
GEN
RE NULU
AL
GET
YTD
ACTUAL
%
Property Tax
$ 27,386,200
$ 15,066,974
55.0%
Sales Tax
15,900,000
10,673,500
67.1%
Other Taxes
8,800,700
5,000,386
56.8%
Licenses & Permits
1,636,550
1,701,941
104.0%
Fines & Forfeitures
588,000
876,147
149.0%
Interest & Rents
1,111,054
831,661
74.9%
Revenue from
other Agencies
2,245,000
2,661,649
118.6%
Charges for Services
7,062,139
3,784,716
53.6%
Other Revenues
412,500
861,632
208.9%
Transfers In
1,530,093
2,111,501
138.0%
TOTAL
$ 66,672,236
$ 43,570,105
65.3%
The City's two major General Fund revenue sources
are Property Tax and Sales Tax which make up 65%
of the General Fund revenues.
• Property Tax: The first major apportionment
distribution to the City for FY 2020-21 occurred
in December 2020. Also, the revenues
received in July and August are for the prior
year and accrued as such. Included in this line
item are Secured Property Taxes, Property
Taxes In -Lieu of Vehicle License Fees (VLF),
and residual payments from the dissolution of
the former redevelopment agency.
City of West Covina
Third Quarter Financial Report FY 2020-2021
• Sales Tax: The City received its allocations
through January sales tax in March 2021. As of
March 31, 2021, the allocation received
represents approximately 67% of the total
sales tax allocation for the year. The City will
continue to receive sales tax allocations with
the final quarter allocation distributed by the
California State Department of Taxes and Fees
Administration (CDTFA) in August 2021. Sales
Tax projections were adjusted downward when
the budget was prepared. Despite the COVID-
19 pandemic, Sales Tax projections do not
need to be adjusted at this time.
• Other Taxes: This category includes
Franchise Fees, Business License Tax,
Transient Occupancy Tax (TOT), and Property
Transfer Tax. These revenues are not
received evenly throughout the year and with
the exception of Transient Occupancy Tax, are
expected to be on target by the close of the
fiscal year. Transient Occupancy Tax is
expected to be down approximately $927,700
or 50% from the original budget projection.
This reduction in revenue was addressed with
the last budget amendment approved by City
Council.
• License & Permits: Revenues for licenses &
permits include building and engineering
permits, and animal licenses. Revenue
projections are higher than originally projected
mainly due to building activity increases.
• Revenues from other Agencies: This
category includes Vehicle In -Lieu, State
Mandated Cost reimbursement revenue, the
exchange of Prop A funds, which are the
largest revenue source in this category, and
COVID-19 relief funds of $1.3 million that was
not budgeted. The Prop A exchange was
$300,000 less than budgeted due to declines in
anticipated Prop A revenues. The increase in
revenue for the COVID-19 relief funds and the
decrease in the Prop A exchange funds were
part of the second quarter budget amendment
approved by City Council.
• Charges for Services: These revenues
include plan check and zoning related fees,
recreation fees, interfund charges, and police
and fire fees. These fees are at approximately
53% through the end of March 2021. Due to
the COVID-19 pandemic, the City's daycare
programs have not been operating and
therefore, the City is not collecting revenue for
these programs. However, the reduction in
revenue for these programs is offset by the
reduction in expenditures.
Revenue projections were revised with the Second
Quarter Report based on revenue trends, and activity
to date. No new revisions to revenue projections are
proposed at this time. However, an increase in
transfers is proposed for the Third Quarter which
reflects a total increase in revenues of $179,544.
Property Tex
$ 27,3N."
$ 37,366,"
$ -
$ 37,366,200
40.1%
Sees Tax
15,9W,"
15,9W,0W
15,9W,W0
23.3%
ONer Taxes
6,6007W
7,873,000
7,873,W0
11.5%
Licenses & Permits
1,636,5W
116W,5W
-
1,636,550
2.4%
Fines&Fateitures
566,"
SBB,OW
S ,WO
0.9%
Interest & Rents
1,111,054
1,111,054
1,111,054
1.6%
Revenue ham Miner Agencies
2,245,M
2,663,8I10
2,663,W0
3.9%
ChaMesb Semces
7,062,139
6,9 ,139
6.9 ,139
10.2%
Other Revenues
412,500
1,462,5W
1,462,W0
2.2%
TrenMers In
1,530,093
2,S ,893
179,5
2,7",437
4.0%
TOTAL
$ 66,672,236
$ 68,158,135
$ 199,5a4
$ %,337,650
100.
As of March 31, 2021, with 75% of the year complete,
$48.1 million or 88% of the General Fund budget has
been expensed (refer to chart on the next page). Most
departments are at or below 75% through the end of
the quarter with the exception of Finance, Human
Resources, Planning, and Fire.
2 1 P a g e
City of West Covina
Third Quarter Financial Report FY 2020-2021
BUDGET
YTD ACTUAL
Administration
$ 2,497,876
$ 1,694,371
67.8%
CityClerk
612,557
263,564
43.09/6
Finance
1,683,086
1,344,208
79.9%
Human Resources
655,931
645,591
98.49/6
Planning
336,434
263,413
78.3%
Police
25,151,357
17,925,891
71.3%
Fire
15,777,197
14,760,628
93.6%
Public Services
5,256,017
2,892,152
55.0 0
communityDevelopment
1,210,528
900,734
74.4%
Transfers OWDebt Service
1,620,322
7,475,280
461.3%
TOTAL (Excluding PERS UAL)
$ 54,801,305
$ 48,165,832
87.9%
PERS UAL
11,870,931
-
0.0%
TOTAL
$66,672,236
$48,165,832
72.2°/0
Overtime expenditures should be 75% of budget
based on the number of payrolls for the end of this
quarter. The Police Department is trending at
approximately 3.5 times over its overtime budget with
expenditures over $184,000. The Fire Department
overtime expenditures are over budget by
approximately $2.4 million excluding mutual aid
overtime which is fully reimbursable. Both departments
have had numerous cases of positive COVID-19
incidents which has resulted in the increased overtime.
At the end of the quarter, five of the nine General Fund
department expenditures are at or below 75% of
budget, excluding the PERS UAL prepayment. The
Human Resources budget is at 98.4% of the original
budgeted amount through March 31, 2021. However,
a budget amendment correcting this was approved
with the Second Quarter Financial Report.
The Planning Department is slightly over 75%, 78.3%
at the end of the quarter but should be within budget at
June 30, 2021. The Fire Department expense is at
93.6% of budget, mainly due to overtime costs that
were not budgeted in the 2020-21 budget. A study
exploring alternative options for the provision of fire
services is underway to provide the City Council with
various options. Finally, the Finance department is
79.9% of budgeted expenditures and is expected to
end the year within budget.
The adopted General Fund budget for FY 2020-21 is
$66,672,236 for revenues and expenditures. This
reflects a balanced budget with no surplus at July 1,
2020. After adjusting revenues and expenditures to
$68,337,680, the revised General Fund budget is
projected to remain in balance through the end of this
fiscal year.
AdmiNsMicn
soot
$ 2,743,477
$ (246,601)
$ 2,497,876
$ -
$ 2,497,876
City CIeM
678,360
(65,803)
612,557
612,557
Finance
1,988,537
2,777,589
4,766,126
(1,650,036)
3,116,090
Human Ras es
777,769
378.162
1,155,931
11155,931
Planing
452,364
(115,950)
336AM
336AM
Police
31,460,588
(6,606,103)
24sA85
24.854A65
Fire
20,021,267
(2,191,723)
1Z8M9
17.829544
Public Services
5.517.892
68,125
6,576,017
6,576,017
Community Development
1,411,640
96,760
1,507,400
1,507,400
Caplmllmpmwm.m
4,893,321
4,193,321
(1,893,321)
Trermiars Oul
1,62g322
4,12],612
5,]48,904
5,193,342
10,851,346
TOTAL
$88,872,238
$ 3,105,d59
$89,777,695
$(1,440,015)
$68,337,680
The approved budget amendments of $ $3,105,459
include everything approved by City Council through
the Second Quarter Budget Amendment (Resolution
No. 2020-20), in addition to $1,619,559 under Capital
Improvements for repairs at five fire stations
(Resolution No. 2021-06).
The requested General Fund budget amendment to
balance the budget includes the following:
1) $4,893,321 transfer and reduction in expenses to
reallocate capital expenditures under the Capital
Projects Fund (Fund 160) — the net impact to the
General Fund is zero,
2) $210,021 transfer to the Taskforce Regional Auto
Theft Prevention Fund (Fund 233) for reimbursement
for PERS UAL in prior years,
3) $1,650,036 reduction under Finance in the PERS
UAL Payment account to balance the overall fund,
4) $179,510 transfer from the Capital Projects Fund to
reimburse prior CIP expenses, and
5) $11 and $23 transfers in from Safer Grant Fund
(Fund 133) and Police Private Grants Fund (Fund 221)
for prior year interest allocations.
The overall net impact of these changes is a positive
impact to the General Fund of $1,619,559.
3 1 P a g e
City of West Covina
Third Quarter Financial Report FY 2020-2021
ENTERPRISE FUND
The following table summarizes the revenues and
expenditures for the City's Enterprise Fund:
77 ERPRISE F
REVENUES BUDGET TIE=AL
Police Computer Service Fund I S 1,047,139 1 $ 571,768 1 54.6%
ENTERPRISE FUND
EXPENDITURES
ORIGINAL
BUDGET
D ACTUAL
Police Computer Sendce Fund
1 $ 1,047,198
1 $ 450,724
143.0%
The Police Department's Computer Service Group
revenues and expenditures are trending within budget.
There are not any proposed revisions to this fund.
OTHER FUNDS
Special Revenue Funds are restricted in their use for
specified purposes. Budget versus actual comparisons
for both revenue and expenditures for Special
Revenue Funds are presented below:
REVENU
REVENUES
BUDGET
YTD ACTUAL
%
Assessment Districts
$ 3,880,671
$ 2,435,677
62.8%
Sewer Maintenance
3,781,918
2,262,129
59.8%
Gas Tax
2,699,744
1,551,118
57.5%
Pro A
2,384,800
1,801,802
75.6%
Pro C
1,902,586
1,327,828
69.8%
Measure R
1,671,988
1,000,171
59.8%
Measure M
1,622,051
1,133,325
69.9%
Housing Authority
310,000
22,213
0.0%
CDBG
847,054
333,101
39.3%
Grants
2,733,291
414,949
15.2%
OtherSpecial Revenues
3,004,410
1,383,103
46.0%
TOTAL
$24,838,513
$13,66.1416
55.0%
Assessment Districts
$ 4,846,628
$ 2,530,230
%
52.2°%
Sewer Maintenance
4,144,367
1,486,066
35.9%
Gas Tax
2,860,177
1,553,655
54.3%
Prop A
2,323,938
1,843,121
79.3%
Prop C
2,469,761
1,121,787
45.4%
Measure R
2,430,634
637,318
26.2%
Measure M
1,006,423
118,822
11.8%
Housing Authority
1,283,849
690,325
53.8%
CDBG
990,605
376,182
38.0 0
Grants
1,811,173
428,935
23.7%
OtherSpecial Revenues
2,869,449
1,351,037
47.1%
TOTAL
$27,037,004
$12,137,478
44.9%
In addition to the amendments being proposed under
the General Fund, the following amendments are
recommended for other funds:
1) $1,629,548 under the Redevelopment Obligation
Retirement Fund (Fund 810) to allocate the transfer
made to CFD Debt Service Fund (Fund 853) to cover
the bond 2021 payment,
2) $3,900,000 in revenues and $1,549,678 in
expenses under the Park Acquisition Fund (Fund 169)
for the sale of Sunset Field,
3) $15,000 for Overtime Salaries which are offset by
$38,200 in grant revenue under the Law Enforcement
Tobacco Grant Fund,
4) $3,560,534 to budget the 2020 Bond interest
payment in the Debt Service Fund (Fund 300), and
5) $100 to close out the Self Insurance -Uninsured Loss
Fund (Fund 360) into the Self Insurance General and
Auto Liability Fund (Fund 361).
After the proposed adjustments, the revenues and
expenditures for all other funds will be trending within
budget.
FOR MORE INFORMATION
This summary report is derived from detailed financial
information generated by the City's Finance
Department. Additional financial information is
available online at www.westcovina.org.
41Page
ATTACHMENT NO.2
RESOLUTION NO.2021-54
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
WEST COVINA, CALIFORNIA, ADOPTING A BUDGET
AMENDMENT FOR THE FISCAL YEAR COMMENCING
JULY 1, 2020 AND ENDING JUNE 30, 2021(THIRD QUARTER
FINANCIAL REPORT)
WHEREAS, the City Manager, on or about June 23, 2020, submitted to the City Council a
proposed budget for the appropriation and expenditure of funds for the City for West Covina for
Fiscal Year 2020-2 1; and
WHEREAS, following duly given notice and prior to budget adoption, the City Council
held public meetings, considered and evaluated all comments, and adopted a budget for the fiscal
year commencing July 1, 2020 and ending June 30, 2021; and
WHEREAS, amendments must periodically be made to the budget to conform to changed
circumstances following adoption of the budget.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF WEST COVINA,
CALIFORNIA DOES RESOLVE AS FOLLOWS:
SECTION 1. The City Council hereby approves Budget Amendment No. 43, attached
hereto as Exhibit No. 1, for Fiscal Year 2020-2 1.
SECTION 2. The City Clerk shall certify to the adoption of this resolution and shall enter
the same in the book of original resolutions and it shall become effective immediately.
APPROVED AND ADOPTED this 18th day of May, 2021.
APPROVED AS TO FORM
Thomas P. Duarte
City Attorney
Letty Lopez-Viado
Mayor
ATTEST
Lisa Sherrick
Assistant City Clerk
I, LISA SHERRICK, Assistant City Clerk of the City of West Covina, California, do hereby
certify that the foregoing Resolution No. 2021-54 was duly adopted by the City Council of the City
of West Covina, California, at a regular meeting thereof held on the 18th day of May, 2021, by the
following vote of the City Council:
AYES:
NOES:
ABSENT:
ABSTAIN:
Lisa Sherrick
Assistant City Clerk
EXHIBIT NO. 1
CITY OF WEST COVINA
BUDGET AMENDMENT
Date:
5/18/2021
Requested by:
Robbeyn Bird
Dept/Div:
Finance
EXPENDITURES
BA # 043
Posted By:
Date Posted:
Fiscal Year: 20-21
Amount: 10, 387, 710.00
Description: Quarterly Review
3rd Otr Financial Reoort
Account Number
Dept/Account Description
Current Budget
Proposed
Amendment
dget
110.95.9500.9160
Transfer Out
4,893,321.00
1.00
21030.160.7700
Shadow Oak Park Restrooms
160.80.7004.7700
CIP Parks
-
408
600.000.00
N2805162.00
21032.160.7500
Dispatch New Roof
160.80.7001.7500
Buildings
-
60
000.000.00
21033.160.7500
EnergyEfficiency Pro'ec
160.80.7001.7500
Buildings
2 805
162.00
21034.160.7500
Fire Bldg Improvements
160.80.7001.7500
Buildings
1,619,559.00
1,619,559.00
21030.110.7700
Shadow Oak Park Restrooms
110.80.7004.7700
CIP Parks
408 600.00
408
600.00
21032.110.7500
Dispatch New Roof
110.80.7001.7500
Buildings
60 000.00
60
000.00
21033.110.7500
Energy Efficiency Pro'ec
110.80.7001.7500
Buildings
2 805 162.00
(2,805,162.00
21034.110.7500
Fire Bldg Improvements
110.80.7001.7500
Buildings
1 619 559.00
(1,619,559.00
110.95.9500.9233
Transfer Out
210
021.00
210
021.00
110.13.1350.5183
PERS UAL Pmt - Safe Misc
3,083,040.00
1 650
036.00
1,433,004.00
160.95.9500.9110
Transfer Out
179
510.00
179
510.00
810.95.9500.9853
Transfer Out
1,629,548.00
1,629,548.00
169.95.9500.9110
Transfer Out
1,034,796.00
1,034,796.00
169.71.5110.6114
Escrow Costs
14
882.00
14
882.00
169.71.5110.6421
Principal Payment
500
000.00
500
000.00
221.95.9500.9110
Transfer Out
23.00
23.00
133.95.9500.9110
Transfer Out
11.00
11.00
238.31.3110.5113
Overtime Salaries
15
000.00
15
000.00
300.13.9000.6420
Bond Interest
1,859,088.00
3,560,534.00
5 419
622.00
360.15.1520.6490
Miscellanous Expenses
100.00
100.00
9 835 449.00
30 387
710.00
20,22
159.00
REVENUES
Account Number
Account Description
Current Budget
Proposed
Amendment
Amended
Budget
160.00.9110
Transfer In
-
4,893,321.00
4,893,321.00
233.00.9110
Transfer In
-
210
021.00
210
021.00
110.00.9160
Transfer In
-
179
510.00
179
510.00
853.00.9810
Transfer In
-
1,629,548.00
1,629,548.00
169.00.4823
Proceeds From Sale
-
3,900,000.00
3,900,000.00
110.00.9221
Transfer In
-
23.00
23.00
110.00.9133
Transfer In
-
11.00
11.00
238.31.4521
State Grant
-
38
200.00
38
200.00
361.15.4818
Miscellanous Revenue
-
1o0.00
100.00
10 850
734.00
10 850
734.00
REASON/JUSTIFICATION Please be specific)
3rd Quarter Financial Review
APPROVALS
City Council Approval Date (if required, attach minutes):
Dept Head Approval:
Date:
Finance Director: Date:
Funds Available? n Yes nNo
o Approval Not Required
City Manager: Date:
(if over $100,000)
o Approved o Denied