Attached are the unaudited financial statements and check registers for July 2026.

If it pleases Council, accept the July 2026 financial reports and checks registers.

These reports are provided pursuant to a recommendation from the city’s external auditor, supported by the city manager, providing transparency and full disclosure. These reports also provide details of the city's investment portfolio, pursuant to the city’s investment policy. The city’s bank statements (US Bank-Accts Payable, Payroll, and Operations; Banner Bank-Accts Payable, Payroll, and Operations: Xpress Bill Pay; and Local Government Investment Pool-Combined and Jurisdictional Restricted) are reconciled by the 10th of the month following month-end; all transactions are posted daily; financial reports available upon request; and reports saved onto the city's network.  The fund summary shows all funds are within appropriation levels, with 8% of the fiscal year elapsed, and general fund property tax collections at 0% of budget.

Checks are routinely issued from the accounts payable account (weekly) and payroll account (twice monthly), as shown by the attached check registers totaling $2,451,433.57 (accounts payable) and $1,768,916.50 (payroll). Also included are registers of all checks issued over $75,000.  For confidentiality, segregation of duties, and the best utilization of the accounting software program, payroll payables are expended from the payroll account.

The expenditures are within the budget appropriations.