Finance Committee Agenda and Packet 2014 02 18

Home Browse Search

City Council Finance Committee Meeting Minutes 01/21/14 Page 4 of 5 discuss other funding which may be available from residual baseball district tax and more suitable for their use. Council Member Stolzmann stated she would like to see the Council or Finance Committee adopt a mission statement for the non - profit grants funding program which would help to guide future funding. Ms. Shari Edelstein suggested that the Finance Committee ask the grant recipients how to best leverage any City contributions, perhaps as a condition of the grant or to obtain matching fund incentives. Ms. Edelstein addressed the Committee members and asked if they would be interested in having her submit to them recommendations for administering the non - profit grants program. The Finance Committee agreed to review her ideas and comments. Finance Director Watson stated that the recommendations of the Finance Committee would be presented to the full Council in February and checks distributed to the non - profits in March 2014. The corresponding narrative can be located in the packet of the January 21, 2014 Finance Committee Meeting. SALES TAX REPORTS FOR THE MONTH ENDED NOVEMBER 30, 2013 The Tax Manager presented the monthly sales tax reports for the period ended November 30, 2013. The reports and the corresponding narrative can be located in the packet of the January 21, 2014 Finance Committee Meeting. FINANCIAL STATEMENTS FOR THE MONTH ENDED DECEMBER 31, 2013 — PRELIMINARY BUDGETARY BASIS The Accounting Manager presented very preliminary monthly financial statements for the period ended December 31, 2013. Council Member Stolzmann discussed the possibility of shortening the loan payback from the Historic Preservation Fund to the General Fund. The reports and the corresponding narrative can be located in the packet of the January 21, 2014 Finance Committee Meeting. CASH & INVESTMENTS REPORT AS OF DECEMBER 31, 2013 5