Finance Committee Minutes 2008 03 17

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City Council Finance Committee Meeting Minutes 03/17/08 Page 2 of 3 FINANCIAL STATEMENTS FOR THE PERIOD ENDED FEBRUARY 29,2008 The Accounting Manager presented the February 29, 2008 Financial Statements to the Finance Committee. The statements and the corresponding narrative can be located on the City's website at www.ci.louisville.co.us. In addition to this presentation, the following issues were brought forward and discussed: . The restrictions on Impact Fee Revenue and the transfer of $385,000 from the Impact Fee Fund to the Capital Project Fund budgeted in 2008. SALES TAX REPORT FOR THE PERIOD ENDED JANUARY 31,2008 The Finance Director presented the January 31, 2008 Sales Tax Report to the Finance Committee. The report and the corresponding narrative can be located on the City's website at www.ci.louisville.co.us. SCHEDULE OF CASH & INVESTMENTS AS OF FEBRUARY 29,2008 The Schedule of Cash & Investment as of February 29, 2008 was presented to the Finance Committee. The schedule can be located on the City's website at www.ci.louisville.co.us. In addition to this presentation, the following issues were brought forward and discussed: . Recent economic activity including the lowering of short-term interest rates and the bailout of Bear Sterns by the Federal Reserve. LIST OF BILLS The List of Bills scheduled for approval at the March 18, 2008 Council Meeting were presented to the Finance Committee. Due to a travel reimbursement included on the List of Bills, Mayor Sisk recused himself from discussion of that item. The Committee discussed and/or requested additional information on the following: . $255.00 to Cocal Landscape for snow and ice management. . $5,517.88 to Cross & Liechty, PC for legal services. . $960.00 to Duncan & Hoctor, Inc. for legal services. . $580.00 to Genflex Roofing Systems for roof repair at Police Department. . $2,431.86 to Hugo Construction & Repairs for repair of Library concrete walls. . $65.77 to Image Marketing for Mayors for Meals shirts. . $600.00 to Phillip & Elizabeth Rayburg for reimbursement of legal fees. . $41,542.26 to Xcel Energy for utility services and painting. The Committee also requested that the $1,300 invoice from Transit Alliance for 2008 membership fees be pulled from the list of bills and not be paid.