Finance Committee Agenda and Packet 2015 12 14

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City Council Finance Committee Meeting Minutes 11/23/15 Page 5 of 6 Councilmember Maloney inquired as to the overall health of the Golf Course Enterprise Fund, stating that the present revenue and expenditure projections are much different than the current budget. Director Watson stated that the projections are based on what Golf Course staff provided as part of the budget process and that, based on those projections, he believes the Golf Course can be self- supporting and pay back the funds borrowed from the Wastewater Utility Fund. Councilmember Maloney requested City staff provide a monthly "dashboard" type report starting in December 2015 that accurately reflects measurements of where the Golf Course stands presently. City Manager Fleming stated that he would coordinate obtaining such a report for the next Finance Committee meeting. The reports and the corresponding narrative can be located in the packet of the November 23, 2015 Finance Committee Meeting. CASH & INVESTMENT REPORT AS OF OCTOBER 31, 2015 The Finance Director presented the cash and investment reports and stated that the investments are more liquid and cash balances are declining as anticipated to pay for road paving and debt service needs. The reports and the corresponding narrative can be located in the packet of the November 23, 2015 Finance Committee Meeting. DISCUSSION ITEMS FOR THE NEXT MEETING & MEETING SCHEDULE Finance Committee Chair, Ashley Stolzmann requested a work plan be developed for 2016 to include various topics such as discussions on: • Golf Course • ERP — Implementation, Reporting, and other related issues • City Fees • City Tax Rate • Program Budget • Asset Management • Open Space & Parks The next Finance Committee Meeting is scheduled for, Monday, December 14, 2015 at 7:30 a.m. • Eide Bailly Report on Internal Controls and Revenue Collection Procedures • Resolution on 2016 Charges for Services • Financial Statements for the Period Ended November 30, 2015. 6