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City Council Finance Committee <br />Meeting Minutes <br />01/18/2011 <br />Page 3 of 4 <br />REVENUE TREND DASHBOARD – JANUARY 12, PROJECTIONS FOR 2010 <br />The Finance Director presented current trend analysis and projections for various <br />revenue sources summarized in a revenue trend “dashboard” report. The <br />projections are based on amounts actually received during the first twelve <br />months of the year plus the estimated accruals for revenue received in 2011 but <br />earned in 2010. <br />This report can be located in the packet of the January 18, 2011 Finance <br />Committee Meeting. <br />2011 INSURANCE COVERAGE <br />Deputy City Manager, Heather Balser presented the proposals of One Beacon <br />Insurance and Traveler’s Insurance for the City’s 2011 property and liability <br />insurance. <br />The Deputy City Manager stated that the two proposals included the same <br />coverage and deductibles as in 2010, but that Traveler’s proposal included cyber <br />liability and flood coverage with an overall 11% decrease of the City’s premiums. <br />It was also recommended that the City remain with Pinnocol Assurance for its <br />Worker’s Compensation coverage. There is only one other provider option and <br />the rates are usually higher. <br />The Committee approved the Traveler’s Insurance coverage proposal for 2011- <br />2012 and continuation of coverage with Pinnocol Assurance. <br />This report can be located in the packet of the January 18, 2011 Finance <br />Committee Meeting. <br />FINANCIAL STATEMENTS FOR THE PERIOD ENDED DECEMBER 31, 2010 <br />The Accounting Manager presented very preliminary Financial Statements for the <br />period ending December 31, 2010. The statements do not reflect year-end <br />adjustments and accruals. The corresponding narrative can be located in the <br />packet of the January 18, 2011 Finance Committee Meeting. <br />Mayor Sisk requested a review of the Northwest Parkway contingent liability to <br />ensure all costs have been included. <br />The Mayor also requested a report on the 2010 Capital Projects set for budget <br />amendment set for April 2011, be presented to the Finance Committee at the <br />March 2011 meeting. <br />ì <br />