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Finance Committee Agenda and Packet 2016 05 16
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Finance Committee Agenda and Packet 2016 05 16
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City Council Records
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FCPKT 2016 05 16
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City of Louisville Colorado Finance Committee Work Plan <br />Topics will be discussed in the quarter which they are listed. Items that are not complete will roll to the next quarter. <br />Monthly Review: <br />• Sales & Use Tax Report <br />• Financial Statements <br />• Enterprise Dashboards (once developed: golf, water (water sewer storm refuse), recreation) <br />• Cash and Investments <br />• Bills <br />First Quarter <br />✓ ERP <br />✓ Project Status Update <br />✓ New Asset Management Software <br />Presentation <br />✓ 2017 Budget Discussion <br />✓ Role of Committee <br />✓ Budget Calendar <br />✓ Review of Key Indicators and <br />Performance Measures <br />✓ 2 Year Budgeting <br />• Develop Enterprise Dashboards for <br />Committee Review <br />✓ Follow -up on Cash Handling Audit <br />✓ Corrective Actions Implemented <br />✓ Training and Procedures <br />✓ Sales Tax Definitions Project <br />Second Quarter <br />• Budget Amendment <br />o 2015 capital carryover <br />o 2016 changes <br />• 2017 Budget <br />o Continue Key Indicators and <br />Performance Measures refinement <br />• Non - Profit Grant Program <br />o Discuss Program Goals <br />o Review Application Procedure <br />• 2016 Capital Projects Review Current <br />Budget to Actual <br />• Fiscal Impact Model review <br />o Discussion of assumption <br />Third Quarter <br />• Revenue Projection Dashboard <br />• Audit <br />• Sales Tax Definitions Project Update <br />• CAFR Review <br />o Endorsement <br />o 2017 Budget Inputs <br />• 2017 Budget Review <br />o Estimated Property Tax <br />o Performance Measures <br />o Fees by Program <br />• Capital Projects Review Current Budget to <br />Actual <br />• ERP Project Status Update <br />o Committee input for desired reports <br />• Compliance with fiscal policies <br />• Budget to actual by sub - program <br />• Revenue tracking (fees) by <br />program <br />• Other <br />• Asset Management Software Update <br />Fourth Quarter <br />• Revenue Projection Dashboard <br />• Review 2017/2018 Budget <br />• Recommend Property Tax Rate <br />• Endorsement 2017 Fees <br />• Review of updated Fiscal Impact Model <br />• Recommend Non - Profit Grants <br />• ERP Project Status Update <br />10 <br />
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