Financial reporting

(a) No later than December 1, 2014, and on a quarterly basis thereafter, until the approval of the Fiscal Year 2016 budget and financial plan, the Chief Financial Officer shall provide a report to the Council on the following subjects: (1) Progress toward ensuring that the Fiscal Year 2016 budget will be balanced, including: (A) Savings achieved to date; (B) Additional revenue certified through revised revenue estimates; and (C) Additional revenue that may be certified through revenue enhancements; (2) An analysis of procurement reform efforts in Fiscal Year 2014, including: (A) Contracts reviewed for potential cost savings; (B) Savings secured through the renegotiation of existing contracts; and (C) A report from the Office of Contracting and Procurement to the Chief Financial Officer regarding subparagraphs (A) and (B) of this paragraph, (3) An analysis of personnel review efforts, including: (A) Positions left vacant or eliminated as a result of cost-savings initiatives; and (B) Savings secured through personnel savings; and (4) Any other operating budget savings achieved or targeted in Fiscal Year 2014. (b) Agencies shall report on their progress toward limiting personal and nonpersonal expenditures whether one-time or recurring.