Under the Charter for the city of Newport News, the City Manager is required to provide financial information to the City Council. Specifically, the City Manager is required to:
The City Manager fulfills this duty by providing the City Council Quarterly Financial Reports. These reports, as developed by the Department of Budget and Evaluation, show (at four distinct quarterly periods of time during each fiscal year) the performance of the city's estimated revenues and operating expenses, the comparison between the two, and a projected year-end balance of operations. Included in the Quarterly Financial Reports is a description of potential events and issues that may have a positive or negative impact on the finances of the city.
The city operates on a July 1 to June 30 fiscal year. The Quarterly Financial Reports are provided by the City Manager to City Council, in a timely manner, after the quarters of:
If you have any questions on the information contained in these reports, please contact the Department of Budget and Evaluation for assistance.