02-03-09 Item 2bINTEROFFICE MEMORANDUM
TO: HONORABLE MAYOR AND CITY COMMISSION
VIA: AJIBOLA BALOGUN, CITY MANAGER
FROM: MATILDE MENENDEZ, FINANCE DIRECTOR -177r�
SUBJECT: MONTHLY STATUS REPORTS J
DATE: JANUARY 30, 2009
I wanted to inform you that the Monthly Status Reports are up to date. As I complete
this memorandum the Monthly Status Report for December 2008 is being finalized. It will
be available in the City's web page sometime this weekend.
I would like to thank you for your understanding in the delay of the issuance of the
Monthly Status Reports, most specifically the preliminary draft of the September 2008
Monthly Status Report. As you know, the end of a fiscal year poses many challenges. There
are additional procedures to be done and reports to be generated. We must remember that
the September year -end balance sheet information is carried forward into the next fiscal year.
It's imperative to carry forward the most accurate information possible. To add to this
challenge the new budget for the fiscal year must also be implemented.
As you know, the finance department has undergone many changes in staff during the
last few years, even last year. The current staffs have risen to the new challenges posed to
them and are eager to learn new things. This was, also, my first year experiencing the year-
end closing. I expect next year to have a draft available to you sooner.
Going forward I anticipate no delays is delivering the Monthly Status Reports.
Once again thank you for your understanding. If you should have any questions, please
feel free to contact me at (305) 663 -6343.