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City Council Finance Committee <br />Meeting Minutes <br />08/15/16 <br />Page 7 of 8 <br />REVENUE PROJECTION DASHBOARD PROJECTIONS DATED AUGUST 9, <br />2016 <br />Kevin Watson, Finance Director, presented to the Committee the latest Revenue <br />Projection Dashboards based on the latest forecasts received from departments. <br />Director Watson recommended an increase of the sales tax revenue projection <br />from 3.5% of 4% and an increase in the franchise tax revenue. <br />Mr. Watson noted the current $500K -$600K deficit in Golf Course revenue. <br />Member Stolzmann and Maloney asked if the water utilities debt owed by the <br />Golf Course could be satisfied sooner. Finance Committee Members asked that <br />this topic be discussed at the next regular meeting of the Committee. <br />The dashboards and corresponding narrative can be located in the packet of the <br />August 15, 2016 Finance Committee Meeting. <br />LIST OF BILLS SCHEDULED FOR COUNCIL APPROVAL ON AUGUST 16, <br />2016 <br />The Finance Committee had no questions on the list of bills. <br />The list of the bills scheduled for Council approval on August 16, 2016 can be <br />located in the packet of the August 15, 2016 Finance Committee Meeting. <br />DISCUSSION ITEMS FOR THE NEXT REGULAR MEETING <br />The next regular Finance Committee Meeting is scheduled for Monday, <br />September 19, 2016 at 7:30 a.m. <br />Items scheduled for discussion at the next meeting include: <br />• Presentation from Chandler Asset Management, City Investment Advisor <br />• Review of Financial Indicators — Per Financial Policies, Section 1 <br />• Golf Course Debt <br />• Fiscal Impact Model <br />• Financial Statements for the Month Ended August 31, 2016 <br />• Sales Tax Report for the Month Ended July 31, 2016 <br />• Revenue Trend Dashboard with Latest Projections <br />• Cash & Investment Report as of August 31, 2016 <br />• List of Bills <br />8 <br />