Finance Committee Agenda and Packet 2015 09 14

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City Council Finance Committee Meeting Minutes 08/17/15 Page 3 of 5 Finance Committee Member Stolzmann requested that Director Stevens and Head Golf Pro Baril develop trending reports using golf industry standards to present to the Finance Committee and City Council periodically. Member Stolzmann also asked if the revenue produced from the golf course POS system is being audited and tied to the G /L. Director Watson stated that this is not being done at present, but that the City's auditors, Eide Bailley, have been requested to present a proposal to review the revenue systems, reporting and practices of the Golf Course, the Recreation Center and the Library. This proposal will be presented as a separate engagement with the City. Finance Committee Member Keany noted that the golf course should use a variety of social media, and stated that the Coal Creek Golf Course Facebook page had not been updated since July 28, 2015. The communication can be located in the packet of the August 17, 2015 Finance Committee Meeting. SALES TAX REPORTS FOR THE MONTH ENDED JUNE 30, 2015 Tax Manager Bolte presented the monthly and quarterly sales tax reports for the period ended June 30, 2015. The reports and the corresponding narrative can be located in the packet of the August 17, 2015 Finance Committee Meeting. FINANCIAL STATEMENTS FOR THE PERIOD ENDING JULY 31, 2015 Graham Clark, Senior Accountant presented to the Committee the financial statements for the months ending July 31, 2015. Senior Accountant Clark highlighted for the Committee Members the lower than expected revenues for Water Utility Fund and for Tap Fees but stated that the variances to last year have decreased slightly. Also noted, was an increase in revenue in the Wastewater Utility Fund which can be directly related to the first month of the increased wastewater fees. Finance Committee Member Keany asked if the expenditures noted in the General Fund for City Attorney, are solely expenses incurred with City Attorney, Sam Light's office, or whether other attorney expenses are included in the line item. Finance Director Watson stated that approximately 98% of the expenses were solely for services provided by the City Attorney. City Manager Fleming stated that there has been a City -wide increase in legal matters requiring the City Attorney's assistance.