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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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FCPKT 2016 05 16
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City Council Finance Committee <br />Meeting Minutes <br />04/18/16 <br />Page 4 of 8 <br />Committee Members were confused by the budget numbers presented in <br />the report, specifically the 2016 carryforward and amended amounts. <br />Members requested the line item be reviewed. Director Watson stated that <br />the narrative in the Budget Resolution document would be updated to <br />provided further clarification. <br />Golf Course Fund comments: <br />Golf Course Startup <br />Members asked if the full start up amount approved in 2015 has been <br />spent. Finance Director Watson stated that the full amount has been <br />allocated between capital and operation expense and will end for 2015. <br />The small carryforward amount indicated in the report for 2016 is to pay <br />for a few final invoices. <br />Member Stolzmann made a general comment that the $20M in CIP funds being <br />carried forward needs to be spent and the projects completed. <br />The report and corresponding narrative can be located in the packet of the April <br />18, 2016 Finance Committee Meeting <br />PRELIMINARY DRAFT OF BUDGET AMENDMENT SCHEDULED FOR MAY <br />17, 2016 <br />Finance Director, Kevin Watson, presented the preliminary draft of the Budget <br />Resolution to the Finance Committee Members, stating that the document is a <br />work in progress and that some narratives and final budget amounts are still <br />being finalized. <br />Members provided concurring comments for various items in the Budget <br />Amendment as was reviewed in the CIP Budget to Actual Report, including: <br />Recreation Campus Restroom — revise the narrative (a Board cannot <br />redirect funds). <br />Cemetery Software — was this started? Confirmed started by City Manager <br />Fleming. <br />Downtown Pedestrian Improvements — Members stated that this project <br />needs to be completed. <br />Lucity Asset Management Software — Members stated that this <br />implementation needs to be completed. <br />Desktop Productivity and Desktop Management Software — Members <br />reiterated that this should be revisited, and should wait until the new <br />Public Relations Manager evaluates the need. <br />South Street Underpass projects — Members stated that the project is not <br />going to be completed in 2016, and that a new CIP for 2017 is needed. <br />5 <br />
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