Finance Committee Agenda and Packet 2015 09 14

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City Council Finance Committee Meeting Minutes 08/17/15 Page 4 of 5 Finance Committee Member Stolzmann asked when the City's property tax valuation would be received from Boulder County. Finance Director Watson stated the information should be provided by the end of August, and where possible, will be included in the upcoming budget discussions scheduled for September and October. The reports and the corresponding narrative can be located in the packet of the August 17, 2015 Finance Committee Meeting. CASH & INVESTMENTS AT JULY 31, 2015 The Finance Director presented to the Finance Committee a review of the City's current assets and stated that the investments in the Investment Pools sector would be increasing to cover expenses for the City Services building and other City projects. The reports and the corresponding narrative can be located in the packet of the August 17, 2015 Finance Committee Meeting. REVENUE PROJECTION DASHBOARD Finance Director, Kevin Watson presented the latest dashboard to the Finance Committee. Director Watson stated that the revenue projections for Consumer Use Tax and Water User Fees have been reduced, and that small increases have been made to the projections for Auto Use Tax and Lodging tax. City Manager Fleming asked the Finance Committee for clarification on the disposition of funds scheduled to be received by the City for the sale of the Lucky Pie property. The Finance Committee stated that the full Council had previously stated in a Council Meeting, that the sales proceeds should be placed in the General Fund. The reports and the corresponding narrative can be located in the packet of the August 17, 2015 Finance Committee Meeting. LIST OF BILLS SCHEDULED FOR COUNCIL APPROVAL ON AUGUST 18, 2015 The Finance Director provided the Finance Committee with a list of bills scheduled for Council approval at the August 18, 2015 regular Council meeting. The list of bills can be located in the packet of the August 17, 2015 Finance Committee Meeting. DISCUSSION ITEMS FOR THE NEXT MEETING & MEETING SCHEDULE