Finance Committee Agenda and Packet 2023 06 15

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W B"I;V111e COLORADO -SINCE 1878 City Council Finance Committee ITEM #1 9:00 AM I Thursday, May 18, 2023 Virtual Meeting via Zoom Regular Meeting Call to Order — Councilmember Dickinson called the meeting to order at 9:02 AM and took roll call. Committee Members Present: Yes Councilmember Dickinson Yes Councilmember Hamlington No Councilmember Hoefner Staff Present: Jeff Durbin, City Manager Ryder Bailey, Director of Finance Ligea Ferraro, Executive Administrator Kim Baker, Accounting Manager Meredyth Muth, City Clerk Adam Blackmore, Director of Parks, Recreation, and Open Space Mahyar Mansurbadi, Tax Auditor Dawn Burgess, Risk Management Specialist Others Present: Councilmember Most Scott Prickett, Chandler Asset Management Julie Hughes, Chandler Asset Management Mayor Pro Tern Fahey Approval of Agenda: Councilmember Hamlington made a motion to approve the agenda, seconded by Councilmember Dickenson. Agenda was Approved. Approval of April 20, 2023 Meeting Minutes: Councilmember Hamlington made a motion to approve the minutes, Councilmember Dickinson seconded. Minutes were Approved. Public Comments on Items Not on the Agenda: None. Finance Director Updates: The Finance Director provided updates on City and LRC budget approvals, Sales Tax Manager job opening, consultant engaged while the position is being filled. Audit is close to being completed and Audit report should be available in June. Questions from the Committee: None. City Investment Policy & Quarterly Report: Chandler Asset Management introduced themselves and the Director of Finance described the City's relationship with Chandler Asset Management. The investment policies were provided to the committee in the meeting packet. The Chandler representatives presented updates on economic and employment Finance Department 749 Main Street Louisville CO 80027 303.335.4500 (phone) 303.335.4513 (fax) LouisvilleCO.gov 3/75