2024-01049 - Agate Housing and Services rehabilitation project

The Legislative Directive encompasses several key areas:
 

Financial Reporting Monitoring and Performance Measurement: An understanding of standards for financial reporting, including compliance with state and federal requirements, with a focus on processes that ensure the accuracy of financial reports.
 

Second Quarter Financial Report Evaluation: The detailed calculations and supporting documentation from the “City of Minneapolis General Fund Report June 30, 2024”, including models, formulas, and data that contribute to the Year-End Projections and Surplus/Deficit assessments.
 

Accuracy Evaluation of Financial Reports: A comprehensive chart comparing General Fund reports across multiple years, assessing original and current budgets, year-to-date actuals, and projections.
 

Department Level Financial Reports: A thorough review of financial reports at the department level, analyzing original and revised budgets alongside year-to-date actuals, with explanations for variances.
 

Inquiry into Financial Practices: An inquiry into the legal and policy frameworks governing the commitment of current budget savings to future budgets, including the authority for such actions and mechanisms in place to prevent unauthorized use of funds.

The goal of the Legislative Directive is to ensure accountability and transparency in the City’s financial practices.