Finance Committee Agenda and Packet 2011 05 16

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City Council Finance Committee Meeting Minutes 04/18/2011 Page 3 of 4 The Finance Committee approved the resolution to be brought to City Council. SALES TAX REPORTS FOR THE MONTH ENDED FEBRUARY 28, 2011 The Tax Manager presented the February 28, 2011 Sales Tax Reports. The reports and the corresponding narrative can be located in the packet of the April 18, 2011 Finance Committee Meeting. The Tax Manager requested approval from the Committee to write-off accounts receivable balance totaling $1,726.69. The uncollected balance represents two businesses no longer operating in Louisville whose assets have been liquidated. The Finance Committee approved the request however Mayor Sisk requested one more collection attempt prior to write-off. The Tax Manager presented two report options that could be used to replace the current Top 50 Vendor Summary report. The Committee discussed the reports and approved the use of the new reports for the March. FINANCIAL STATEMENTS FOR THE PERIOD ENDED MARCH 31, 2011 The Accounting Manager presented the March 31, 2011 Financial Statements. The reports and the corresponding narrative can be located in the packet of the April 18, 2011 Finance Committee Meeting. The Accounting Manager informed the Committee that the auditors would be conducting their fieldwork between April 25 – May 6, 2011. CASH & INVESTMENTS REPORT AS OF MARCH 31, 2011 The Finance Director presented the Schedule of Cash & Investments as of March 31, 2011. The schedule and corresponding narrative can be located in the packet of the April 18, 2011 Finance Committee Meeting. LIST OF BILLS The Committee reviewed the List of Bills scheduled for approval at the April 26, 2011 Council Meeting.The list can be located in the packet of the April 18, 2011 Finance Committee Meeting. DISCUSSION ITEMS FOR THE NEXT MEETING & MEETING SCHEDULE The next meeting is set for Monday, May 16, 2011 at 12:00 p.m. in the City Manager’s Office. Discussion items currently scheduled for that meeting are: Financial Statements for the Period Ended April 30, 2011 Sales Tax Reports and Quarterly Reports for the Period Ended March, 2011. ì