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<br />City Council Finance Committee <br />Meeting Minutes <br />02116/09 <br />Page 2 of 3 <br /> <br />EVALUATION OF RESPONSES TO FINANCIAL MANAGEMENT SYSTEM <br />(FMS) REQUEST FOR QUALIFICATIONS (RFQ) <br /> <br />The Finance Director presented a memorandum to the City Manager, dated <br />February 6, 2009, which summarized the RFQ review team's recommendations. <br />This memorandum can be located on the City's website at <br />www.ci.louisville.co.us. There were no questions or concems as to the review <br />team's the recommendations. The Finance Director also presented the "latest <br />draft of the Request for Proposals (RFP) that will be sent to all qualified vendors <br />on February 23, 2009. The Committee discussed the proposed Innoprise <br />contract for consulting services. <br /> <br />SALES TAX REPORT FOR THE PERIOD ENDED DECEMBER 31, 2008 <br /> <br />The Tax Manager presented the December 31, 2008 Sales Tax Report. The <br />report and the corresponding narrative can be located on the City's website at <br />www.cLlouisville.co.us. The Tax Manager also handed out a listing of the top 50 <br />tax payers. The Committee requested sales tax revenue information for <br />surrounding communities be presented at a future meeting. <br /> <br />FINANCIAL STATEMENTS FOR THE PERIOD ENDING DECEMBER 31, 2008 <br /> <br />The Accounting Manager presented the Financial Statements for the period <br />ending December 31, 2008. The statements and corresponding narrative can be <br />located on the City's website at www.ci.louisville.co.us. The Committee <br />reviewed the actual vs. budget variances by General Fund department. The <br />committee questioned revenue and expenditure budget variances in the Capital <br />Projects Fund and the Impact Fee Fund. The Committee questioned whether <br />street sweeping costs are (or should be) accounted for in the Storm Water Utility <br />Fund. <br /> <br />SCHEDULE OF CASH & INVESTMENTS AS OF JANUARY 31, 2009 <br /> <br />The Finance Director presented the Schedule of Cash & Investment as of <br />January 31, 2009. The schedule and corresponding narrative can be located on <br />the City's website at www.ci.louisville.co.us. <br /> <br />LIST OF BILLS FOR COUNCIL APPROVAL ON FEBRUARY 17, 2009 <br /> <br />The Committee reviewed the List of Bills scheduled for Council approval on <br />February 17, 2009. This list can be located on the City's web site at <br />www.cLlouisville.co.us. As part of their review, the Committee requested <br />additional information on the following invoices: <br />. Boulder Valley School District ($910.00) <br />. Gordon Fordyce ($3,669.59) <br /> <br />3 <br />