Finance Committee Agenda and Packet 2009 11 16

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City Council Finance Committee Meeting Minutes 10/19/09 Page 2 of 4 NON-PROFIT FUNDING APPLICATIONS The Finance Director presented the applications for City grants from non-profit organizations. A summary of the requests can be located on the City’s website atwww.louisvilleco.gov. The Committee instructed staff to issue a letter to all applicants stating there will be no funding for non-profit grants in 2010. PRESENTATION AND REVIEW OF PRELIMINARY SALES & USE TAX COMPLIANCE AND AUDIT SERVICES RFP’S The Finance Director presented two draft RFP’s for Sales & Use Tax Compliance and Audit Services. These RFP’s are designed to be issued jointly with the City of Lafayette. Longmont and Boulder have also expressed interest and have received copies. These draft RFP’s can be located on the City’s website at www.louisvilleco.gov. SALES TAX REPORT FOR THE PERIOD ENDED AUGUST 31, 2009 The Tax Manager presented the August 31, 2009 Sales Tax Report. The report and the corresponding narrative can be located on the City’s website at www.louisvilleco.gov. In addition to reviewing and discussing the report, the Committee recommended that BRaD representatives contact and visit local hotels. The Committee also requested comparative revenue information from Boulder and Longmont. REVENUE TREND DASHBOARD – OCTOBER 15, 2009 PROJECTIONS The Finance Director presented current trend analysis and projections for various revenue sources summarized in a revenue trend “dashboard” report. This report can be located on the City’s website at www.louisvilleco.gov. FINANCIAL STATEMENTS FOR THE PERIOD ENDING SEPTEMBER 30, 2009 The Accounting Manager presented the Financial Statements for the period ending September 30, 2009. The statements and corresponding narrative can be located on the City’s website at www.louisvilleco.gov. In addition to reviewing and discussing the report, the Committee discussed the specific revenue sources available to CCTV through the PEG Fees Fund and discussed the current status of the capital projects budgets.