Finance Committee Agenda and Packet 2011 08 22

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City Council Finance Committee Meeting Minutes 05/16/2011 Page 3 of 3 The Accounting Manager reminded the Committee of the large water rights purchase at the beginning of the year and its affect on the financials. CASH & INVESTMENTS REPORT AS OF APRIL 30, 2011 The Finance Director presented the Schedule of Cash & Investments as of April 30, 2011. The schedule and corresponding narrative can be located in the packet of the May 16, 2011 Finance Committee Meeting. LIST OF BILLS The Committee reviewed the List of Bills scheduled for approval at the May 17, 2011 Council Meeting. The list can be located in the packet of the May 16, 2011 Finance Committee Meeting. The Committee asked for additional information on the following invoice(s): Carol Creech $183.00 (combination of two invoices) The Committee also discussed the fixed contract with Word of Mouth and expressed concern with recent rise in food costs and requested that staff ensure the maintenance of quality with the Meal Site Program. DISCUSSION ITEMS FOR THE NEXT MEETING & MEETING SCHEDULE The Committee noted that the next scheduled meeting (June 20, 2011) was close to the scheduled budget retreat (June 28, 2011).Since the budget retreat will cover the same information as is normally covered in the Finance Committee Meeting, it was decided that the June 20, 2011 Finance Committee Meeting is canceled. The next Finance Committee Meeting is set for Monday, July 18, 2011 at 12:00 p.m. in the City Manager’s Office. Discussion items currently scheduled for that meeting are: Financial Statements for the Period Ended June 30, 2011 Sales Tax Reports for the Period Ended May 30, 2011. Revenue Trend Analysis with Projections dated July 14, 2011 Cash and Investment Report as of June 30, 2011. ADJOURN The meeting was adjourned at 1:00 p.m. ì