Finance Committee Agenda and Packet 2015 02 16

Home Browse Search

City Council Finance Committee Meeting Minutes 12/15/14 Page 2 of 3 NON - PROFIT FUNDING REQUESTS FOR 2015 Finance Director Watson presented a summary of the organizations requesting grants /contributions for 2015. The Committee approved the disbursement of the funds to the same organizations, and in the same amounts as were approved in 2014, with the exception of eliminating the $500 contribution to Imagine Foundation (which did not request funding for 2015), and awarding that amount to Voices for Children CASA; and reducing the amount of funding to Clinica Family Health Services from $5,000 to $4,000, and awarding $1,000 to Boulder County CareConnect. The Committee members stated that the $10,000 to be funded to Flatirons Habitat for Humanity from the Stadium Tax within the Capital Projects Fund must be used within the City of Louisville. The Finance Committee stated their desire to discuss with full City Council sometime during 2015, the budget for charitable contributions for 2016. FINANCIAL STATEMENTS FOR PERIOD ENDING NOVEMBER 30, 2014 Senior Accountant, Graham Clark presented the fund balance statements to the Finance Committee through the eleven months of 2014. The reports and the corresponding narrative can be located in the packet of the December 15, 2014 Finance Committee Meeting. SALES TAX REPORTS FOR THE MONTH ENDED OCTOBER 31, 2014 The Tax Manager presented the monthly and quarterly sales tax reports for the period ended October 30, 2014. The reports and the corresponding narrative can be located in the packet of the December 15, 2014 Finance Committee Meeting. CASH & INVESTMENT REPORT AS OF NOVEMBER 30, 2014 The Finance Director presented the cash and investment reports and stated that cash balances declined 1.5M as anticipated for the month of November. The reports and the corresponding narrative can be located in the packet of the December 15, 2014 Finance Committee Meeting.