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City Council Finance Committee <br />Meeting Minutes <br />11/14/2011 <br />Page 3 of 3 <br />The Finance Director presented the Schedule of Cash & Investments as of <br />October 31, 2011. The schedule and corresponding narrative can be located in <br />the packet of the November 14, 2011 Finance Committee Meeting. <br />The Finance Director stated that ColoTrust’s management agreement with <br />Cutwater ends 12/31/11 and that a new asset management team had been <br />named by the Colotrust board of directors. This action has caused concern <br />among Front Range municipalities but the Finance Director stated that the City <br />should maintain its investments in ColoTrust until it is seen what happens for <br />2012. <br />LIST OF BILLS <br />The Committee reviewed the List of Bills scheduled for approval at the November <br />15, 2011 Council Meeting. The list can be located in the packet of the November <br />14, 2011 Finance Committee Meeting. <br />The Committee asked for additional information on: <br />#2360 Light, Kelly & Dawes PC $12,931.80 <br />#10805 Satellite Electric Inc. $2,006.00 <br />DISCUSSION ITEMS FOR THE NEXT MEETING & MEETING SCHEDULE <br />The next Finance Committee Meeting is not yet set pending the swearing in of <br />the new Mayor and Councilors scheduled for Tuesday, November 15, 2011. <br />Discussion items currently scheduled for a future meeting are: <br /> Financial Statements for the Period Ended November 30, 2011. <br /> Sales Tax Reports for the Period Ended October 31, 2011. <br /> Cash and Investment Report as of November 30, 2011. <br /> List of Bills <br />ADJOURN <br />The meeting was adjourned at 1:00 p.m. <br />4 <br /> <br />