Benicia Finance Committee will hear multiple reports Thursday morning, including an oral report on a citywide study of fees.

The fee analysis is part of a comprehensive look city officials and employees are making of Benicia’s financial structure in hopes of correcting its ongoing fiscal imbalance.

At Thursday’s meeting, Finance Committee members will be apprised of the status of the study.

In addition, the panel will review the March 31 quarterly investment report.

The city’s portfolio — a combination of checking account cash balances, Local Agency Investment Fund monies, treasury bills, federal agency notes, corporate notes, certificates of deposit and trustee accounts — is enough for Benicia to meet its expenditure requirements for the next six months, Finance Director Karin Schnaider wrote in an April 14 report to the committee.

It also meets mandates of the Government Code and the city’s own investment policy, she wrote.

The panel also will review Schnaider’s all-funds budget-to-actual report for the quarter ending in March.

That report compares actual figures to what was approved in the current budget, and the fund groups have been sorted according to type, Schnaider wrote.

As of March 31, the General Fund department expenditures are about 69.2 percent of the operating budget, and total revenue collections are 58.9 percent of the budget.

“Staff will be working on year-end projections following the April 2015 revenues and expenditures,” she wrote. “This report will be presented to the City Council in May.”

In other business, the committee will review its work plan, which has been revised to include a tentatively scheduled July 7 meeting with the Council to examine a 10-year forecast of the water and wastewater funds, to review the drought surcharge and to look at a water meter replacement study.

The Finance Committee will meet at 9 a.m. Thursday in the Commission Room of City Hall, 250 East L St.

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