Laserfiche WebLink
City Council Finance Committee <br />Meeting Minutes <br />09/18/17 <br />Page 6 of 13 <br />The reports and corresponding narrative can be located in the packet of the <br />September 18, 2017 Finance Committee Meeting. <br />SALES TAX REPORT FOR THE MONTH AND QUARTER ENDED JULY 31, <br />2017 <br />Tax Manager Penney Bolte presented the sales tax reports for the month ending <br />July 31, 2017 to the Finance Committee. <br />The reports and corresponding narrative can be located in the packet of the <br />September 18, 2017 Finance Committee Meeting. <br />FINANCIAL STATEMENTS FOR THE MONTH ENDED AUGUST 31, 2017 <br />Senior Accountant Graham Clark presented the financial statements for the period <br />ending August 31, 2017. <br />Mr. Clark highlighted that the General Fund expenses for the Transportation <br />Program are lower than expected for Street Supplies and Automobile Expenses <br />and that it is anticipated these expenditures will finish the year under budget. <br />Mr. Clark stated that detailed CIP spreadsheet would be provided to the Finance <br />Committee at the October meeting and will detail the project expenses year-to- <br />date. <br />Accountant Clark stated that user fees are down approximately 6.7% in the Water <br />Fund, but noted last year was higher due to the drier weather. For the Wastewater <br />Fund, Finance Committee Chairperson Stolzmann asked if the expenditure for the <br />purchase of the blower was included. Interim City Manager Balser stated the item <br />would be on the consent agenda for the September 19, 2017 City Council Meeting. <br />For the Golf Course Fund, Senior Accountant Clark stated that there has been no <br />use of re -use water at the golf course, which generally costs the City $70,000. Mr. <br />Clark stated that raw water was being used because of the Wastewater Plant being <br />down. <br />Council Member Lipton asked how out -of -line the expenditures are in the Open <br />Space & Parks Fund not including the Mayhoffer purchase. Member Stolzmann <br />and Maloney stated there is an ongoing $500K operating deficit, which was <br />concurred by Finance Director Watson and Interim City Manager Balser. <br />Interim City Manager Balser stated that some money had been received from Etkin <br />Johnson for the Hoyle property and more money would be coming. It is possible <br />that some of the money could be used towards the Mayhoffer purchase, but that <br />7 <br />