Finance Committee Agenda and Packet 2017 06 12

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City Council Finance Committee Meeting Minutes 05/15/17 Page 3 of 6 Ms. Bolte reviewed the quarterly graphs with the Finance Committee Members and disclosed to the Committee an error in coding for a vendor in the Grocery category that led to a false decline for that industry in the 1St quarter. Absent this error, Ms. Bolte stated the Grocery industry sector is up 6% for the quarter. Finance Committee Members and staff discussed the Restaurant revenue graphs noting that while overall eating/drinking revenue has increased, the allocation within the various areas of the City has shifted. The reports and corresponding narrative can be located in the packet of the May 15, 2017 Finance Committee Meeting. ENTERPRISE DASHBOARDS The Finance Committee Members reviewed the dashboard provided by the Golf Course. Finance Committee Chairperson Ashley Stolzmann asked Parks & Recreation Director Joe Stevens if the Golf Course is able to afford a permanent sign. Director Stevens stated the structural and engineering costs of a permanent sign are very high, but that they have started working towards a temporary banner. Director Stevens stated that the golf course had a good April and that operations are presently within budget. Director Stevens also noted that there has been an increase in food and beverage sales for Sweet Spot Cafe by non -golfers. Finance Committee Member Maloney asked Director Stevens if the playable days noted on the Golf Course Dashboard are feasible. Director Stevens stated that the number of playable days may be too optimistic. Member Maloney also stated that the revenue reported on the dashboard seems inconsistent. Director Stevens agreed that the revenue numbers need tweaking. Chairperson Stolzmann asked Director Stevens if he is working on a 5 -year CIP plan for the Golf Course. Director Stevens stated that David Dean is working on the golf course equipment needs, and preparing lease/purchase options to be considered. Finance Committee Members asked when this long-term plan would be ready. Deputy City Clerk Balser asked the Finance Committee when they would like the information provided. Members agreed that it would be most helpful to have the capital expense estimates in time for the budget process and to allow for the creation of a fund balance and reserve policy for the Golf Course. The Finance Committee Members reviewed the dashboard provided by the Recreation/Senior Center. Members stated that the dashboard is helpful to see the subprogram revenue and expenses. Member Maloney stated it would be