City of Somerville
Massachusetts

Agenda Item
190075
Work Completed
Feb 10, 2011 7:00 PM

II.1 That the Director of Finance Provide This Board with Information Regarding Monthly and Quarterly Variance Reports by Department, or the Method by Which Actual Departmental Expenses Are Reconciled to the Budget on a Regular Basis.

Information

Department:Board of AldermenSponsors:Ward Two Alderman Maryann M. Heuston
Category:OrderFunctions:Order

Body

That the Director of Finance provide this Board with information regarding monthly and quarterly variance reports by department heads and if variance reports are not used, describe the method by which actual departmental expenses are reconciled to the budget on a regular basis.

 

Meeting History

Sep 7, 2010 7:00 PM Video Board of Aldermen Regular Meeting
RESULT:APPROVED
Feb 9, 2011 6:00 PM  Finance Committee Committee Meeting

The committee reviewed financial data for departments whose mid-year expenditures have exceeded 50% of their budget. Mr. Bean and various department heads provided explanations for the increased expenditures.

RESULT:WORK COMPLETED
Feb 10, 2011 7:00 PM Video Board of Aldermen Regular Meeting
RESULT:WORK COMPLETED