Finance Committee Agenda and Packet 2017 02 20

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City Council Finance Committee Meeting Minutes 01/17/17 Page 3 of 6 Member Maloney stated that would like to see a graph showing capital reserve. Finance Director Watson stated this type of graph may be more appropriate to be presented annually as a change and designation of working capital. Members agreed that the 2nd graph provided by the Golf Course is not necessary if the changes discussed can be incorporated into graph 1. Members discussed the dashboard report provided by the Golf Course. Finance Committee Member Maloney requested that the dashboard be further consolidated by combining "Green Fees", "Golf Cart Fees", and "Range" into one category, and by combining "Golf Shop Sales" with the "All Other Revenue" category. Member Maloney stated that "Annual Pass" and "Food & Beverage" should remain in separate categories. Member Maloney stated that the "Actual YTD" number for "All Other Revenue" seems very high. Director Watson stated that he and Senior Accountant Clark would look into the number provided. Members further discussed consolidating the expenditure section of the dashboard report by creating three expenditure categories: (1) Golf Course Maintenance, (2) Marketing, and (3) Pro Shop/ Clubhouse Maintenance. Finance Committee Members moved on to the review of the water usage and revenue graphs provided by Public Works. City Manager Fleming stated that the graphs do not represent actual data, but were submitted to the Finance Committee to determine if the form and content reflect the needs of the Finance Committee Members. Information Technology Director Neves stated that he was attending the meeting to better understand the reporting needs of the Committee, and to ensure that the data sets are incorporated into Tyler for reporting purposes. Finance Committee Member Stolzmann stated that the 1st graph is good, but that she would like the Water Usage by Customer Class graph to be a bar chart. Committee members also agreed that the Revenue by Customer Class (grouped bars) and Total Water Usage (line), the Water Usage (Area) and Revenue (Bar) by Customer Class, the Water Usage by Customer Class, and the Revenue by Customer Class (stacked bars) and Total Water Usage (line) graphs on page 14, 15, 16 and 18 of the packet respectively, are not needed. Members discussed the Revenue Target Chart provided. Chairperson Stolzmann stated that the graph can be useful if either dollars or percentages are added to the bottom axis, and perhaps a green line added that would reflect the anticipated usage revenue. Member Stolzmann stated that the three selected charts discussed by the Finance Committee should be provided for Water, Wastewater, Storm Water and Trash utilities. 4