Finance Committee Agenda and Packet 2010 11 15

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City Council Finance Committee Meeting Minutes 10/18/2010 Page 2 of 3 The Committee unanimously agreed to continue this discussion until Spring 2011, but to bring forward to Council an ordinance revision to allow for the assessment and /or reimbursement of travel expenses by the vendor. SALES TAX REPORT FOR THE PERIOD ENDED AUGUST 31, 2010 The Tax Manager presented the August 31, 2010 Sales Tax Reports. The reports and the corresponding narrative can be located in the packet of the October 18, 2010 Finance Committee Meeting. Mayor Sisk inquired as to the number of hotel rooms located in Louisville. The Committee stated their unanimous approval of the new restaurant revenue charts. REVENUE TREND DASHBOARD — OCTOBER 14, 2010 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 in the packet of the October 18, 2010 Finance Committee Meeting. FINANCIAL STATEMENTS FOR THE PERIOD ENDED SEPTEMBER 30, 2010 The Accounting Manager presented Financial Statements for the period ending September 30, 2010. The statements for all of the City's nine operational funds and corresponding narrative can be located in the packet of the October 18, 2010 Finance Committee Meeting. CASH & INVESTMENTS REPORT AS OF SEPTEMBER 30, 2010 The Finance Director presented the Schedule of Cash & Investments as of September 30, 2010. The schedule and corresponding narrative can be located in the packet of the October 18, 2010 Finance Committee Meeting. Mayor Sisk requested a summary report of the City's current bonds. LIST OF BILLS The Committee reviewed the List of Bills scheduled for approval at the October 19, 2010 Council Meeting. The list can be located in the packet of the October 18, 2010 Finance Committee Meeting. The Committee requested additional information on invoices for: 3