Finance Committee Agenda and Packet 2012 02 20

Home Browse Search

City Council Finance Committee Meeting Minutes 01/17/12 Page 3 of 5 Community Food Share $2,500 Dental Aid $1,000 Hospice Care of Boulder/Broomfield $1,500 Impact on Education $1,000 Meals on Wheels of East Boulder County $2,000 Safehouse Progressive Alliance $1,500 Sister Carmen Community Center $2,500 United Methodist Church (Food Bank/Food Baskets) $1,000 Council member Keany asked the Finance Director to remind the non-profit agencies of the deadline to submit requests for 2013. A schedule of previous grant contributions can be located in the packet of the January 17, 2012 Finance Committee Meeting. SALES TAX REPORTS FOR THE MONTH ENDED NOVEMBER 30, 2011 The Tax Manager presented the monthly November 30, 2011 Sales Tax Reports. The Tax Manager provided the Committee handouts of a City map indicating the various sales/use tax revenue areas of the City and a listing of the industry sectors used to track and report sales/use tax. Council member Keany requested 2012 report that would provide YTD sales tax revenue by fund compared to budget. This change would slightly alter one of the current revenue reports. The reports and the corresponding narrative can be located in the packet of the January 17, 2012 Finance Committee Meeting. FINANCIAL STATEMENTS FOR THE PERIOD ENDED DECEMBER 31, 2011 The Accounting Manager presented the quarterly Financial Statements through December 31, 2011. The Accounting Manager informed the Committee that the December statements do not yet reflect all of the 2011 revenues or expenses and that the necessary accounting accruals would continue to be posted to the 2011 financials through March 2012. The next financial reports will be presented at the April Finance Committee Meeting and will include the final statements for 2011 and the first quarter financial statements for 2012. 4