HomeMy WebLinkAbout2011 08 22 Informational 102 Financial ReportCOMMISSION AGENDA
ITEM 102
Consent
Informational X
Public Hearing
Regular
August 22, 2011 MGR. /DEPT.
Regular Meeting Authorization
REQUEST: City Manager and Finance Department transmitting the City's fiscal third
quarter financial reports for the 2011 fiscal year via The Executive Dashboard.
SYNOPSIS:
Transmission of the third quarter financial report for fiscal year 2011 is being presented using the
new dashboard technology /software. This design and concept was presented at the June 13, 2011
Regular Commission Meeting (Informational 102).
CONSIDERATIONS:
A digital dashboard is an executive information system that (similar to an automobile's
dashboard) is designed to be easy to read and display critical information about the overall
performance and financial health of an organization. These key metrics are displayed in a
graphical format that can be read quickly to determine if the organization is functioning within
the acceptable range.
The financial statements and reports are unaudited and incorporate fiscal year activity from
October 1, 2010 through June 30, 2011.
It is the intent of the staff to continue to add additional reports and graphs to the existing catalog
in the coming months. This will continue to increase the financial transparency of The City of
Winter Springs. To view the reports please access them at:
http://www.winterspringsfl.org/en/dashboard/
FISCAL IMPACT:
The fiscal impact of this new modeling will be measurable over the next several years. The cost
of the software is nominal.
COMMUNICATION EFFORTS:
This Agenda Item Has Been Electronically Forwarded To The Mayor And City Commission,
City Manager, City Attorney /Staff, And Is Available On The City's Website, LaserFiche, And
The City's Server. Additionally, Portions Of This Agenda Item Are Typed Verbatim On The
Respective Meeting Agenda Which Has Also Been Electronically Forwarded To The Individuals
Noted Above, And Which Is Also Available On The City's Website, LaserFiche, And The City's
Server; Has Been Sent To Applicable City Staff, eAlert/eCitizen Recipients, Media/Press
Representatives Who Have Requested Agendas /Agenda Item Information, Homeowner's
City Commission — Regular Meeting
August 22, 2011
Informational Agenda Item #102
Page 2 of 2
Associations/Representatives On File With The City, And All Individuals Who Have Requested
Such Information.
This Information Has Also Been Posted Outside City Hall, Posted Inside City Hall With
Additional Copies Available For The General Public, And Posted At Five (5) Different
Locations Around The City. Furthermore, This Information Is Also Available To Any
Individual Requestors. City Staff Is Always Willing To Discuss This Agenda Item Or Any
Agenda Item With Any Interested Individuals.
RECOMMENDATION:
It is recommended that the City Commission review and receive the third quarter financial report
for 2011 via the new dashboard reporting technology /software financial reports as an alternative
to traditional static paper reports.
ATTACHMENTS:
N/A
12. 13. 10_ COMM _Informational_101_FYIO_Fourth Quarter_ Financial_ Report