Finance Committee Agenda and Packet 2017 07 21

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City Council Finance Committee Meeting Minutes 06/12/17 Page 7 of 8 INVESTMENT ADVISOR CONTRACT Finance Director Kevin Watson presented to the Finance Committee the history of the City's current contract with Chandler Asset Management, the City's current provider of Investment Management Services. Director Watson reiterated that staff has prepared to re -bid for investment management services, but that due to the ERP conversion/implementation and other demands, the RFP has not yet been developed. The Finance Director stated that Mr. Scott Prickett of Chandler Asset Management has offered the City a 3 - year extension and honoring the existing fee schedule. The Finance Committee unanimously agreed that staff should execute and extended contract with Chandler Asset Management. The Investment Agreement and narrative can be located in the June 12, 2017 packet of the Finance Committee Meeting. LIST OF BILLS SCHEDULED FOR COUNCIL APPROVAL ON MAY 16, 2017 Kevin Watson, Finance Director presented the Finance Committee the list of bills to be approved by City Council June 13, 2017. The list of bills can be located in the packet of the June 12, 2017 Finance Committee Meeting. DISCUSSION ITEMS FOR THE NEXT REGULAR MEETING The next regular Finance Committee Meeting is scheduled for Friday, July 21, 2017 at 10:00 a.m. Items scheduled for discussion at the next meeting include: • Non -Profit Grant Program • CIP Review • Financial Statements for the Month Ended June 30, 2017 • Sales Tax Reports for the Month Ended May 31, 2017 • Cash & Investment Report as of June 30, 2017 • List of Bills Finance Director Watson stated that the non-discrimination language approved by the Legal Committee is needed to incorporate into the Non -Profit Grant Applications. Deputy City Manager Balser stated that she or City Attorney Sam Light would provide the language to Director Watson. 8