Finance Committee Agenda and Packet 2019 05 17

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City Council Finance Committee Meeting Minutes 04/22/19 Page 5 of 8 Director Mosley presented the Recreation/Senior Center dashboard to the Finance Committee. Director Mosley stated that Q1 2019 is being compared to Q1 2017 to avoid the impact of construction work in 2018. Director Mosely requested the Finance Committee's consensus on the dashboard format. Chairperson Maloney requested: Silver Sneakers admissions be represented as a separate line item Member Lipton requested: Senior Center admissions data be separately stated as well as Senior usage for programs and meals Director Mosely asked the Committee if a quarterly allocation of the General Fund transfers should be included in the dashboard. Committee Members and staff discussed this issue. Mayor Muckle stated that he was happy with the dashboard provided and that he did not want the General Fund transfer included. Finance Committee Member Lipton stated that the dashboard should include total expenses, sales tax revenue, General Fund transfers, and contributions to building and equipment renewal and replacement. Member Lipton stated that the Recreation Advisory Board needs to be advised of funding that is not included, such as sales tax and General Fund revenue. Finance Director Watson stated that the Finance Committee has previously stated that the goal is for no General Fund transfers to the Recreation/Senior Center. Member Lipton stated that they would review the dashboard again and determine in the Fall any future fund transfers. The reports and corresponding narrative can be located in the packet of the April 22, 2019 Finance Committee Meeting. FINANCIAL STATEMENTS FOR THE QUARTER ENDED MARCH 31, 2019 Finance Director Kevin Watson presented the Q1 Financial Statement to the Finance Committee. Director Watson stated that not all of the carry -forwards are included in the current 2019 estimates, and not to place a lot of emphasis these amounts, noting that Q2 will reflect big updates. Chairperson Maloney stated that he likes the format of the reporting but always wants anomalies pointed out. Member Maloney stated these reports need to be easily understood. Member Lipton stated that he does not like the bar charts, that they are not helpful, and that they do not provide benchmarks. Member Lipton stated that the 6