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Edwardsville staff propose quarterly financial reports; one audit RFP received
Summary
Staff recommended adopting quarterly financial reporting as a best practice, shared year‑to‑date revenue and expenditure percentages for the general fund, and said one response to the audit RFP has been received with more expected.
City staff recommended moving to quarterly financial reporting and presented a brief overview of general‑fund revenue performance and departmental expenditure trends. Staff listed the top five general‑fund revenue sources — property tax, sales tax, use tax, franchise fees and port fees — and said property‑tax collection was at about 100% while sales tax was at about 62% of projections for the period cited.
Staff also told council they had issued an RFP for audit services and had one response in hand with expectations of receiving two or three more. Council members signaled support for receiving the audit proposals and reviewing the quarterly reporting recommendation; staff said they would continue to solicit audit responses and return to the council with recommendations.
No final audit contract or formal adoption of a new reporting cadence was recorded in the provided transcript segments.
