Finance Committee Agenda and Packet 2017 02 20

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City Council Finance Committee Meeting Minutes 01/17/17 Page 2 of 6 None. APPROVAL OF DESIGNATED PLACES FOR POSTING PUBLIC MEETING NOTICES The Finance Committee Members approved the posting locations of the Finance Committee Meeting agendas as presented. The narrative and listing of locations can be located in the packet of the January 17, 2017 Finance Committee Meeting. CITY OF LOUISVILLE 2017 INSURANCE RENEWAL Deputy City Manager Heather Balser informed the Finance Committee that the City's 2017 renewal premium for its Property and Casualty insurance with Traveler's will be $341,247, a 2.86% decrease from the 2016 premiums. Ms. Balser stated that coverages were increased for the new Wastewater Treatment Plant, Intake Building and the Coal Creek Clubhouse, and that premiums reduced for locations no longer in the flood plain and for Worker's Compensation coverage. The reports and corresponding narrative can be located in the packet of the January 17, 2017 Finance Committee Meeting. ENTERPRISE DASHBOARDS The Finance Committee Members reviewed the dashboards provided by the Golf Course and Public Works. Finance Committee Chairperson Stolzmann stated that the graphs provided by the Golf Course were good and the layout was helpful. City Manager Fleming stated that he was not yet comfortable with the numbers provided as the revenue and expense amounts provided are not consistent throughout the various graphs. Finance Director Watson stated that he plans to assist the Golf Course with reformatting the graphs and verifying the accuracy of the budget, revenue and expense amounts provided. Finance Committee Member Maloney asked if the Capital Budget items are included in the budget expenses. City Manager Fleming stated that they are. Member Maloney commented that he believes the November and December 2016 Budget Expense numbers provided should be higher. Ms. Stolzmann commented that the December 2016 revenue seems to have ended higher than planned. 3