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City Council Finance Committee <br />Meeting Minutes <br />11/16/09 <br />Page 2 of 3 <br />SALES TAX REPORT FOR THE PERIOD ENDED SEPTEMBER 30, 2009 <br />The Tax Manager presented the September 30, 2009 Sales Tax Report. The <br />report and the corresponding narrative can be located on the City’s website at <br />www.louisvilleco.gov. The Tax Manager informed the Committee on proposed <br />sales tax amendments by the State of Colorado, Colorado Department of <br />Revenue for 2010 and on the increase in collection activity in the City. In <br />addition to reviewing and discussing the report, the Committee requested <br />information on the current hotel room count in Louisville. <br />REVENUE TREND DASHBOARD – NOVEMBER 16, 2009 PROJECTIONS <br />The Finance Director presented current trend analysis and projections for various <br />revenue sources summarized in a revenue trend “dashboard” report. This report <br />can be located on the City’s website at www.louisvilleco.gov. <br />FINANCIAL STATEMENTS FOR THE PERIOD ENDING OCTOBER 31, 2009 <br />The Accounting Manager presented the Financial Statements for the period <br />ending October 31, 2009. The statements and corresponding narrative can be <br />located on the City’s website at www.louisvilleco.gov. <br />SCHEDULE OF CASH & INVESTMENTS AS OF OCTOBER 31, 2009 <br />The Finance Director presented the Schedule of Cash & Investments as of <br />October 31, 2009. The schedule and corresponding narrative can be located on <br />the City’s website at www.louisvilleco.gov. <br />LIST OF BILLS <br />The Committee reviewed the List of Bills scheduled for approval at the November <br />17, 2009 Council Meeting. The list can be located on the City’s website at <br />www.louisvilleco.gov. The Committee requested additional information on the <br />following invoices: <br /> Town of Superior Pros – Co-Ed Softball T-shirts and Trophies ($210.00). <br />The Committee discussed the HVAC improvements made at the Recreation <br />Center and requested an energy analysis from the Facilities Manager that could <br />be used to set benchmarks in analyzing cost savings. The Committee also <br />stated its hope that departments would continue to curtail spending through <br />2009. <br />DISCUSSION ITEMS FOR THE NEXT MEETING & MEETING SCHEDULE <br /> <br />