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City Council Finance Committee <br />Meeting Minutes <br />07/15/13 <br />Page 4 of 5 <br />Manager Clark stated that all funds are in good shape when looking at mid-year <br />revenues and expenses. He reemphasized that the 83.7% budget expenditure <br />level for Central Charges is due to the pre-payment of the annual insurance <br />premiums. <br />Mayor Muckle asked for clarification on the revenues stated for sales tax revenue <br />in all funds, indicating they should be basically that same level. Also discussed <br />was the revenue and expenditures of the Solid Waste & Recycling Utility Fund. <br />Matters of concern are the volatility of the fund, administrative fees, recycling, <br />composting, billing in arrears, and the impact on the reserves held in the fund. <br />Mayor Muckle and Council Member Keany stated that they would like to have <br />Consent Agenda item C Resolution Establishing Refuse, Recyclables and <br />Compostables - Collection and Disposal Fees Effective August 1, 2013 for the <br />City of Louisville, Colorado removed from the consent agenda of the July 16, <br />2013 City Council packet and placed as a discussion item. <br />The reports and the corresponding narrative can be located in the packet of the <br />July 15, 2013 Finance Committee Meeting. <br />CASH & INVESTMENT REPORT AS OF JUNE 30, 2013 <br />The Finance Director presented the cash and investment distribution reports as <br />of June 30, 2013. <br />The corresponding narrative can be located in the packet of the July 15, 2013 <br />Finance Committee Meeting. <br />LIST OF BILLS <br />The Committee was provided a List of Bills scheduled for approval at the July 16, <br />2013 Council Meeting. <br />Council Member Keany requested additional information on the following <br />invoices: <br />Colorado Motor Vehicles $ 60.00 <br />Council Member Keany asked if City staff could look into piggybacking onto the <br />State’s bid agreement for the purchasing of office supplies. City Manager <br />Fleming stated that he would discuss the matter with Department Directors and <br />solicit feedback from City Administrative staff. <br />DISCUSSION ITEMS FOR THE NEXT MEETING & MEETING SCHEDULE <br />5 <br />