Finance Committee Agenda and Packet 2014 10 21

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City Council Finance Committee Meeting Minutes 09/15/14 Page 3 of 4 Council Member Keany asked if there were any signs of negative impact for the McCaslin area businesses as a result of the construction. Manager Bolte indicated that the sales tax revenues for the area were being monitored, but that there is currently no downward trend. The reports and the corresponding narrative can be located in the packet of the September 15, 2014 Finance Committee Meeting. REVENUE PROJECTION DASHBOARD The Finance Director presented the revenue trend dashboards with projections for all funds and for the General Fund. Director Watson informed the Finance Committee that the projection "dashboards" contain the most revised information received from City departments. Most noticeably, consumer use tax and lodging tax estimates were increased; while the forecasts for Construction Permits, Impact Fees and Water Tap Fees, and Recreation Center Membership Fees and Youth Activity Fees were lowered. The reports and the corresponding narrative can be located in the packet of the September 15, 2014 Finance Committee Meeting. CASH & INVESTMENTS REPORT AS OF AUGUST 31, 2014 The Finance Director presented the monthly investment reports for the period ended August 31, 2014. Director Watson presented the new reporting format provided by Chandler Asset Management for the month of August 2014, and reviewed with the Finance Committee and example of the more comprehensive report that will be provided on a quarterly basis. The reports and the corresponding narrative can be located in the packet of the September 15, 2014 Finance Committee Meeting. LIST OF BILLS The Finance Committee had no questions on the bills. A list of the bills scheduled for Council approval on September 16, 2014 can be located in the packet of the September 15, 2014 Finance Committee Meeting. DISCUSSION ITEMS FOR THE NEXT MEETING & MEETING SCHEDULE 4