Laserfiche WebLink
City Council Finance Committee <br />Meeting Minutes <br />10/16/17 <br />Page 2 of 4 <br />PUBLIC COMMENTS ON ITEMS NOT ON THE AGENDA <br />None. <br />LETTER FROM FINANCE COMMITTEE ON ENTERPRSIE DASHBOARDS <br />The Finance Committee discussed the issuance of a letter outlining their <br />expectations (timing, content, and format) regarding Enterprise Dashboards. A <br />draft letter is scheduled to be presented and discussed at the November Finance <br />Committee Meeting. <br />BUDGET AMENDMENT AND PROCESS DICUSSION <br />Finance Director Kevin Watson presented a draft of a proposed 2017 budget <br />amendment. Director Watson also presented a proposal for processing <br />amendments to capital projects. The Committee approved the proposed process <br />of managing capital project estimates as presented. <br />Interim City Manager Heather Balser discussed the timing of the SH42 Corridor <br />Improvements Project and the SH42 Multi -Use Underpass Project. Interim City <br />Manager Balser also asked the Committee if they wished to apply "escalators" to <br />the projects if they are going to be delayed. The Committee agreed that the SH42 <br />Multi -Use Project should be moved to 2019 in the Capital Improvements Plan and <br />that updated cost estimates from engineers should be used instead of just <br />escalation percentages. <br />The proposed budget amendment, the proposed process for amending capital <br />budgets, and corresponding narrative can be located in the packet of the October <br />16, 2017 Finance Committee Meeting. <br />FINANCIAL STATEMENTS FOR THE MONTH ENDED SEPTEMBER 30, 2017 <br />Senior Accountant Graham Clark presented the financial statements for the period <br />ending August 31, 2017. Senior Accountant Clark presented financial highlights <br />from the major operating and capital funds of the City. <br />The reports and corresponding narrative can be located in the packet of the <br />October 16, 2017 Finance Committee Meeting. <br />CAPITAL IMPROVEMENTS PLAN UPDATE AND REVIEW <br />Senior Accountant Graham Clark presented an updated Capital Projects Report to <br />the Committee and answered questions regarding specific projects. <br />3 <br />