*PLEASE NOTE, THE FINANCE SUBCOMMITTEE MEETING OF February 21, 2019 AT 1:30 PM HAS BEEN CANCELLED FOR LACK OF A QUORUM. 

The Finance Subcommittee is appointed by City Council for the purpose of overseeing the implementation of the City's investment program and assuring it is consistent with the City's investment policy as approved by the City Council.  The subcommittee also acts in an advisory capacity in matters pertaining to short and long range financial planning and funding, rate and fee increases and other complex financial matters.  The subcommittee reviews the City's financial documents and statements, as well as certain proposals and agreements.  The subcommittee consists of the City Treasurer Tim Lilligren as Chairperson and two members of the City Council which are Nancy Hersman and Steve Napolitano.  Professional and Technical advisory support for the subcommittee is provided by the City Manager and Director of Finance.  Please see Agenda (PDF) below:

Agenda

1.  Public Comments

2.  Approval of Minutes from December 17 , 2018 Finance Subcommittee Meeting

     Recommended Action:  Approve

3.  Interview/Selection and Recommendation to the Full City Council of an Audit Firm to Conduct Financial Audits

     Recommended Action:  Approve

4.  Month End Financials for January 2019

     Recommended Action:  Receive and File

5.  Investment Portfolio for January 2019

     Recommended Action:  Receive and File

6.  Fiscal Year 2018/2019 Monthly Schedule of Transient Occupancy Tax and Lease Payments and Miscellaneous Accounts Receivables

     Recommended Action:  Receive and File

7.  Consideration of Bad Debt Write-Off's for Referral to Collections

      Recommended Action:  Receive and File

8.  Modification of Existing Write-Off Policies

      Recommended Action:  Approve

Adjourn