Finance Committee Agenda and Packet 2012 07 16

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City Council Finance Committee Meeting Minutes 05/15/12 Page 2 of 3 SALES TAX REPORTS FOR THE MONTH ENDED MARCH 31, 2012 The Tax Manager presented the monthly and quarterly sales tax reports for the period ended March 31, 2012. The reports and the corresponding narrative can be located in the packet of the May 15, 2012 Finance Committee Meeting. REVENUE TREND DASHBOARD — PROJECTIONS OF MAY 10, 2012 The Finance Director presented the preliminary projections for all City funds based on the actual amount received during the first four months of the year. The reports and the corresponding narrative can be located in the packet of the May 15, 2012 Finance Committee Meeting. FINANCIAL STATEMENTS FOR THE PERIOD ENDING APRIL 30, 2012 The Accounting Manager presented the Financial Statements for the first four months of 2012. The corresponding narrative can be located in the packet of the May 15, 2012 Finance Committee Meeting. Council Member Keany asked staff to research the reason for the interfund transfer of $64,000 annually between the water and sewer funds to the general fund. CASH & INVESTMENT REPORT AS OF APRIL 30, 2012 The Finance Director presented the cash and investment distribution reports as of April 30, 2012. The corresponding narrative can be located in the packet of the May 15, 2012 Finance Committee Meeting. Council Member Keany requested a report indicating the historical cash and investment balances of the City. LIST OF BILLS The Committee was provided a List of Bills scheduled for approval at the May 15, 2012 Council Meeting. DISCUSSION ITEMS FOR THE NEXT MEETING & MEETING SCHEDULE 3