Finance Committee Agenda and Packet 2013 07 15

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City Council Finance Committee Meeting Minutes 04/15/13 Page 2 of 3 PRESENTATION OF CAFR AND AU-C 260 COMMUNICATIONS Dave DeZutter, Audit Partner for Eide Bailly, presented the 2012 Comprehensive Annual Financial Report (CAFR) and a letter in compliance with AU-C 260. The CAFR and related corresponding narrative can be located in the packet of the June 17, 2013 Finance Committee Meeting. The 2012 CAFR is also posted as a separate link and document on the City’s Website. SALES TAX REPORTS FOR THE MONTH ENDED APRIL 30, 2013 In the absence of the Tax Manager, the Finance Director presented the monthly sales tax reports for the period ended April 30, 2013. The Finance Director informed the Committee that the Tax Manager will bring forth a proposed Request for Proposals (RFP) for auditing services at the next meeting. The reports and the corresponding narrative can be located in the packet of the June 17, 2013 Finance Committee Meeting. REVENUE TREND ANALYSIS The Finance Director presented the revenue trend analysis with projections dated June 13, 2013. The report and corresponding narrative can be located in the packet of the June 17, 2013 Finance Committee Meeting FINANCIAL STATEMENTS FOR THE PERIOD ENDING MAY 31, 2013 The Accounting Manager presented the financial statements for the first five months of 2013. The Committee requested that, in the future, each schedule contain a note as to the percent of year that has passed. The reports and the corresponding narrative can be located in the packet of the June 17, 2013 Finance Committee Meeting. CASH & INVESTMENT REPORT AS OF MAY 31, 2013 The Finance Director presented the cash and investment distribution reports as of May 31, 2013. 3