Finance Committee Minutes 2008 07 14

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City Council Finance Committee Meeting Minutes 07/14/08 Page2of3 PRESENTATION ON MUNICIPAL BOND MARKET Jim Manire of James Capital Advisors, Inc. reviewed the City's outstanding debt issues and discussed the current status of the municipal bond market. PRESENTATION ON GOLF COURSE OPERATIONS Eric Jensen of Western Golf Properties and Joe Stevens, Parks & Recreation Director, discussed the various issues pertaining to Coal Creek Golf Course: • Revenue projections • Current and Future Pond Renovations • Status of Irrigation System • Capital Improvements -Club House • Tournaments • Food and Beverage Improvements • Long-Term Capital Improvements SALES TAX REPORT FOR THE PERIOD ENDED MAY 31, 2008 The Sales Tax Administrator presented the May 31, 2008 Sales Tax Report to the Finance Committee. The report and the corresponding narrative can be located on the City's website at www.ci.louisville.co.us. LIST OF BILLS The List of Bills scheduled for approval at the July 15, 2008 Council Meeting were discussed by the Finance Committee. The Committee did not ask for any additional information, but discussed the following: • Fees for the Boulder Sheriff's Office Communications Center ($139,037.50). • Legal Fees Related to the Northwest Parkway Project DISCUSSION ITEMS FOR THE NEXT MEETING & MEETING SCHEDULE The Committee felt that it was not necessary for Swanhorst and Company to present the 2007 Comprehensive Annual Financial Report to the Committee prior to presentation at the Council Meeting on August 5. The next regularly scheduled meeting would normally be held on August 18, 2008 at 3:00 p.m. in the City Manager's Office. Discussion items currently scheduled for that meeting are: • Review and Recommendation of External Auditor for 2008. • Financial Statements for the Period Ended July 31, 2008. • Sales Tax Reports for the Period Ended June 30, 2008. • Cash and Investments Balances as of July 31, 2008. 3