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Finance Committee Agenda and Packet 2016 12 19
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Finance Committee Agenda and Packet 2016 12 19
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12/20/2016 10:05:18 AM
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City Council Records
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Boards Commissions Committees Records
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FCPKT 2016 12 19
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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 (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 />Y 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 />✓ 2015 capital carryover <br />✓ 2016 changes <br />✓ 2017 Budget <br />✓ Continue Key Indicators and <br />Performance Measures refinement <br />✓ Non -Profit Grant Program <br />✓ Discuss Program Goals <br />✓ Review Application Procedure <br />✓ 2016 Capital Projects Review Current <br />Budget to Actual <br />✓ Fiscal Impact Model review <br />✓ 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 />Y 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 />Y 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 />Y 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 />Y ERP Project Status Update <br />15 <br />
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