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City Council Finance Committee <br />Meeting Minutes <br />05/19/08 <br />Page 2 of 3 <br />PRESENTATION ON MUNICIPAL BOND MARKET BY FINANCIAL ADVISOR <br />This item was postponed to a later date. <br />FINANCIAL STATEMENTS FOR THE PERIOD ENDED APRIL 30, 2008 <br />The Finance Director presented the April 30, 2008 Financial Statements to the <br />Finance Committee. The statements and corresponding narrative can be located <br />on the City's website at www.ci.louisville.co.us. In addition to the presentation, <br />the following issues were brought forward and discussed: <br />• The need to be cautious with spending during the current phase of the <br />economic cycle. <br />• Fuel costs. <br />SALES TAX REPORT FOR THE PERIOD ENDED MARCH 31, 2008 <br />The Sales Tax Administrator presented the March 31, 2008 Sales Tax Report to <br />the Finance Committee. The report and the corresponding narrative can be <br />located on the City's website at www.ci.louisville.co.us. <br />SCHEDULE OF CASH & INVESTMENTS AS OF APRIL 30, 2008 <br />The Finance Director presented the Schedule of Cash & Investment as of April <br />30, 2008 to the Finance Committee. The schedule and corresponding narrative <br />can be located on the City's website at www.ci.louisville.co.us. <br />LIST OF BILLS <br />The List of Bills scheduled for approval at the May 20, 2008 Council Meeting <br />were discussed by the Finance Committee. The Committee asked for additional <br />information on the following: <br />• $163.94 and $130.01 on P-Card to Comcast for cable services. <br />• $8,910.56 to McMenamin Design Associates for Cemetery Master Plan. <br />DISCUSSION ITEMS FOR THE NEXT MEETING <br />The next regularly scheduled meeting would normally be held on June 16, 2008. <br />However, due to planned absences, the Finance Director will poll the members <br />by e-mail to determine an acceptable date for the next meeting. Discussion <br />items currently scheduled for that meeting are: <br />• Presentation on Municipal Bond Market by Financial Advisor <br />• Presentation of New Building Activity Report <br />• Financial Statements for the Period Ended May 31, 2008. <br />• Sales Tax Reports for the Period Ended April 30, 2008. <br />3 <br />