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MEMORANDUM - FINANCE DEPARTMENT

MEMORANDUM - FINANCE DEPARTMENT 2025

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The document is a memorandum from the Finance Department to the City Manager regarding the need to update an outdated cost allocation study conducted by MAXIMUS, Inc. The study aims to accurately allocate general fund overhead costs to various city departments and ensure appropriate charges for services, particularly for federal fund transfers. The proposal includes a recommendation for council approval to engage MAXIMUS for $14,000 to complete the updated study in preparation for the FY2008 budget.

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What is the primary purpose of informational memoranda?

Disclaimer: Information Memoranda (IMs) provide information or recommendations to States, Tribes, grantees, and others on a variety of child welfare issues. IMs do not establish requirements or supersede existing laws or official guidance.

What is the purpose of an information memorandum?

An information memorandum is a document prepared by your company to provide a comprehensive overview of your business to prospective investors. Also known as offering memorandum or investment memorandum, it captures the past, current and future performance outlook of the business.

What is a memorandum in finance?

In investment finance, an offering memorandum is a kind of a detailed business plan that highlights information required by an investor to understand the business. It provides details on the terms of engagement, potential risks associated with the business, and a detailed description of the operations of the business.

Who prepares the information memorandum?

(1) The resolution professional shall prepare an information memorandum in such form and manner containing such relevant information as may be specified by the Board for formulating a resolution plan.

What is an information memorandum in finance?

A memorandum account is a temporary account used to record transactions or events that need further clarification or investigation. It is not a part of the regular accounts used for financial reporting but serves as a reminder or reference for future actions.

What is a financial memorandum?

What is Information Memorandum? An information memorandum is a document prepared by your company to provide a comprehensive overview of your business to prospective investors.

MEMORANDUM - FINANCE DEPARTMENT 2025

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