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City Council Finance Committee <br />Meeting Minutes <br />10/17/16 <br />Page 4 of 5 <br />The reports and corresponding narrative can be located in the packet of the <br />October 17, 2016 Finance Committee Meeting. <br />DASHBOARDS <br />Finance Director Kevin Watson stated that he emailed a request to all Directors <br />for their monthly departmental dashboards. The Golf Course dashboard was the <br />only dashboard received by the packet deadline. <br />Finance Committee Members asked if it has been conveyed to the Directors that <br />the dashboards need to be provided to the Finance Committee. City Manager <br />Fleming stated the requirement for a monthly dashboard was conveyed to all <br />Directors months ago. <br />Finance Committee Member Maloney stated that he appreciated the dashboard <br />received from the Golf Course, but that it is still too detailed for the purpose of the <br />Finance Committee. <br />Member Stolzmann stated that generating a dashboard for the Wastewater Fund <br />would seem relatively easy. Finance Director Watson stated that the Finance <br />Department could generate a dashboard reflecting revenue and expenditures, <br />but not key performance indicators or department metrics. City Manager Fleming <br />agreed stating it could be done by user class as well. <br />The Finance Committee Members stated they want to receive monthly <br />dashboards for all enterprise funds and recreation to include budgeted, revenue <br />and expense amounts together with a graph or graphs to illustrate. <br />BUDGET AMENDMENT <br />Finance Director Watson presented a draft resolution to amend the 2016 budget <br />appropriations to more accurately reflect the costs of wages, benefits and other <br />operational costs of the new programs and sub -programs. Director Watson <br />explained that the resolution is necessary as part of the chart of accounts <br />conversion from ADG to Tyler-Munis financial software and the reallocation by <br />departments of these costs. <br />Director Watson stated that he would be bringing the resolution forward to City <br />Council on November 1, 2016 and that another resolution to reallocate capital <br />projects will be prepared for April 2017 after the year-end accruals. <br />The reports and corresponding narrative can be located in the packet of the <br />October 17, 2016 Finance Committee Meeting. <br />CASH & INVESTMENTS AT SEPTEMBER 30, 2016 <br />5 <br />