Finance Committee Agenda and Packet 2021 05 17

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City Council Finance Committee Meeting Minutes 04/19/21 Page 3 of 4 balance would not be attained immediately and that the pandemic significantly impacted the lag in funding the reserve. Nathan Mosley, Director of Parks & Recreation summarized the assets that are included within the calculations of reserve. Director Mosley indicated that the assets within the calculation would be updated by June 2020. The worksheet and corresponding narrative can be located in the packet of the April 19, 2021 Finance Committee Meeting. ENTERPRISE DASHBOARDS Nathan Mosley, Director of Parks & Recreation, presented the first quarter dashboards for the Golf Course and the Recreation & Senior Center. The dashboards can be located in the packet of the April 19, 2021 Finance Committee Meeting. FINAL CAPITAL IMPROVEMENT PLAN REPORT Kevin Watson, Director of Finance, presented the final Capital Improvements Program report for the fourth quarter ended December 31, 2021. This report summarized all capital projects that have were budgeted for 2020 and contained the final unaudited expenditures for the year. The report and corresponding narrative can be located in the packet of the April 19, 2021 Finance Committee Meeting. FINAL 2020 STATEMENTS OF FUND REVENUE, EXPENDITURES, AND CHANGES TO FUND BALANCES Kevin Watson, Director of Finance, presented the final Statements of Revenue, Expenditures, and Changes to Fund Balances (or Working Capital) for the fourth quarter and fiscal year ended December 31, 2020 for the: • General Fund; • Open Space & Parks Fund; • Conservation Trust — Lottery Fund; • Cemetery Fund: • Historic Preservation Fund; • Recreation Fund; • Capital Projects Fund; • Water Utility Fund; • Wastewater Utility Fund; • Stormwater Utility Fund; 4