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<br />City Council Finance Committee <br />Meeting Minutes <br />4/16/07 <br />Page 2 of 4 <br /> <br />the Innoprise Conversion project was going from an audit perspective. Wendy <br />stated that "so far so good". Patty Leslie discussed the conversion in more detail <br />and told the Finance Committee that the Utility Billing system will be running <br />parallel the week of April 23rd and that the Sales Tax Conversion is progressing <br />as well as the Permitting and Licensing conversion. The 2006 CAFR is expected <br />to be completed and presented to the City Council members at the second City <br />Council Meeting in June. <br /> <br />Financial statements for the month ending March 31, 2007 were presented to the <br />Finance Committee along with a financial statement narrative. The financial <br />statements and narrative can be found on the City's website at <br />www.ci.louisville.co.us. <br /> <br />Sales Tax results for February 28, 2007 were presented to the Finance <br />committee. Sales tax for February were $621,137 which was under budget by <br />(2.6%) and (5.2%) below prior year collections in February. The sales tax <br />collections will be discussed in more detail at the April 24,2007 Council Study <br />Session. <br /> <br />A second set of 2007 supplement appropriation requests were brought forward to <br />the Finance Committee. One was the appropriation of the $75,000 received from <br />Superior that was recorded in the General Fund. Two requests were presented <br />for the Capital Projects fund. The Finance Director was requested to obtain <br />some different spending requests from the Library Director regarding the <br />$75,000. Scott Robson was in attendance to discuss the additional community <br />park expenditures. Final supplement appropriation requests will be submitted at <br />the April 30,2007 Finance Committee and the May 1,2007 City Council meeting <br />for approval. <br /> <br />There was one question outstanding questions regarding the list of bills. <br /> <br />Question: There was a question on the detail of a purchase made from an out <br />of state vendor named Beacon Athletics and why were local vendors not used? <br /> <br />Answer: These were items purchased by the Land Management Department in <br />preparation to maintain the ball fields. Items such as commercial size/quality <br />hoses, nozzles to go with the hoses, rakes specifically designed to work on <br />"infields" and drag designed specifically for dragging out "infields". No local <br />stores carry these specific products. <br /> <br />AGENDA ITEMS FOR THE NEXT MEETING <br /> <br />. Financial Statement results for the month of April 30, 2007 <br /> <br />ADJOURN <br />