Finance Committee Agenda and Packet 2019 04 22

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City Council Finance Committee Meeting Minutes 04/01/19 Page 4 of 8 Maloney stated that he liked City of Boulder's language regarding a tax rate percentage range. The Finance Committee and staff discussed that more data would be needed from staff so that there is a rationale behind setting the excise tax rate. The Finance Committee requested this item be brought back to the April 22, 2019 meeting. The reports and corresponding narrative can be located in the packet of the April 1, 2019 Finance Committee Meeting. UTILITY DASHBOARDS The Finance Committee reviewed updated Utility Dashboards (web links provided), and a memorandum with highlights distributed by Public Works Director Kurt Kowar. Committee Chairperson Maloney stated that the Finance Committee is looking for a snapshot dashboard that brings together the data of various operations and would reflect the financial health of the Enterprise Fund. Chairperson Maloney stated that the Committee Members are not interested in mining the data themselves. Finance Committee Member Lipton stated that the City should follow best practices for providing information, and that the Finance Committee may need to be coached on what to look for, and to determine what is needed. Chairperson Maloney added that they are not wanting to delve into operations, but merely need a normalized understanding of the current position and a long-term view. Nate Mosely, Parks, Recreation and Open Space Director stated that some information can be exported from Munis Financials. Mayor Muckle stated that perhaps collapsing revenue and expenditures for each fund with rolling years would be helpful. Staff noted that the City only converted to Munis mid-2016, so the history would be limited. Finance Committee Members and staff discussed a future Utility Dashboard that would include benchmarks or performance indicators, financials from Munis, and selected data from Tableau. Business Data Analyst Nat Ahrens stated that he had noted the Finance Committee's requests. The reports and corresponding narrative can be located in the packet of the April 1, 2019 Finance Committee Meeting. LOUISVILLE RECREATION AND SENIOR CENTER AND MEMORY SQUARE PROJECT UPDATE 5