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City Council Finance Committee <br />Meeting Minutes <br />02/15/16 <br />Page 6 of 7 <br />Councilmember Stolzmann stated that it is important the departments complete <br />the "Priority" field at the top of the form which will assist City Council in making its <br />decisions. Finance Committee Members and resident, John Leary stated that <br />departments should be required to provide a narrative response explaining the <br />operating costs of the proposed project. Director Watson stated that detailed <br />training instructions are always included when the forms are distributed. <br />The form and corresponding narrative can be located in the packet of the <br />February 15, 2016 Finance Committee Meeting. <br />CASH & INVESTMENTS AT JANUARY 31, 2016 <br />Finance Director, Kevin Watson presented the cash and investment reports to <br />the Finance Committee for the month ended January 31, 2016. Director Watson <br />stated that there was a $3.5 million dollar decrease in cash and investments for <br />the month due to debt service payments and large cash outlays for the WWTP <br />upgrade. Director Watson stated that requests for reimbursement related to the <br />WWTP need to be quicker to avoid cash flow issues. <br />LIST OF BILLS <br />A list of the bills scheduled for Council approval on February 16, 2016 can be <br />located in the packet of the February 15, 2016 Finance Committee Meeting. <br />DISCUSSION ITEMS FOR THE NEXT MEETING & MEETING SCHEDULE <br />A special Finance Committee Meeting is scheduled for Friday, February 19, <br />2016, from 11:30 a.m. — 2:30 p.m. <br />• Program Performance Measurement — processes and philosophy to <br />develop measures <br />• Multi -Year Budgeting — working towards a two -year budget <br />• ERP — identify inputs, implementation and the 2017/2018 budget <br />The next regular Finance Committee Meeting is scheduled for Monday, March <br />14, 2016 at 7:30 a.m. <br />• Recreation Center /Golf Course response to Eide Bailly Report on Internal <br />Controls and Revenue Collection Procedures <br />• Presentation of Asset Management System — Public Works (20 minutes) <br />• Sales Tax Report for the Month Ended January 31, 2016 <br />• Fiscal Impact Model Review — Small Areas Plans <br />ADJOURN <br />7 <br />