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AGENDA - Finance Advisory Committee - 20180425 Finance Advisory Committee Meeting Agenda Wednesday, April 25, 2018 5:30 p.m. Holland Room Aurora Town Hall Public Release April 18, 2018 Town of Aurora Finance Advisory Committee Meeting Agenda Date: Wednesday, April 25, 2018 Time and Location: 5:30 p.m., Holland Room, Aurora Town Hall 1. Approval of the Agenda Recommended: That the agenda as circulated by Legislative Services be approved. 2. Declarations of Pecuniary Interest and General Nature Thereof 3. Receipt of the Minutes Finance Advisory Committee Meeting Minutes of March 28, 2018 Recommended: That the Finance Advisory Committee meeting minutes of March 28, 2018, be received for information. 4. Delegations Finance Advisory Committee Meeting Agenda Wednesday, April 25, 2018 Page 2 of 2 5. Consideration of Items 1. Review of Detailed Financial Budget Information Re: Operational Services (OS) Recommended: 1. That the comments and suggestions of the Review of Detailed Financial Budget Information for Operational Services to date be received and referred to staff for consideration and action as appropriate. 2. Extract from Council Meeting of March 27, 2018 Re: Finance Advisory Committee Meeting Minutes of January 24, 2018 Recommended: 1. That the Extract from Council Meeting of March 27, 2018, regarding Finance Advisory Committee meeting minutes of January 24, 2018, be received for information. 3. Extract from Council Meeting of April 10, 2018 Re: Finance Advisory Committee Meeting Minutes of February 28, 2018 Recommended: 1. That the Extract from Council Meeting of April 10, 2018, regarding Finance Advisory Committee meeting minutes of February 28, 2018, be received for information. 6. New Business 7. Adjournment Town of Aurora Finance Advisory Committee Meeting Minutes Date: Wednesday, March 28, 2018 Time and Location: 5:30 p.m., Holland Room, Aurora Town Hall Committee Members: Councillor Michael Thompson (Chair), Councillor Harold Kim, and Mayor Geoffrey Dawe Member(s) Absent: None Other Attendees: Doug Nadorozny, Chief Administrative Officer, Dan Elliott, Director of Financial Services/Treasurer, Techa van Leeuwen, Director of Corporate Services, Karen Oreto, Financial Analyst, Anna Ruberto, Manager, Procurement, and Ishita Soneji, Council/Committee Secretary The Chair called the meeting to order at 5:39 p.m. 1. Approval of the Agenda Moved by Councillor Kim Seconded by Mayor Dawe That the agenda as circulated by Legislative Services be approved. Carried 2. Declarations of Pecuniary Interest and General Nature Thereof There were no declarations of pecuniary interest under the Municipal Conflict of Interest Act. Finance Advisory Committee Meeting Agenda Wednesday, April 25, 2018 Minutes Page 1 of 4 Finance Advisory Committee Meeting Minutes Wednesday, March 28, 2018 Page 2 of 4 3. Receipt of the Minutes Finance Advisory Committee Meeting Minutes of February 28, 2018 Moved by Mayor Dawe Seconded by Councillor Kim That the Finance Advisory Committee meeting minutes of February 28, 2018, be received for information. Carried 4. Delegations None 5. Consideration of Items 1. Review of Detailed Financial Budget Information Re: Corporate Services (CS) Staff provided an overview of the line-by-line analysis and year-to-date comparison of the final approved 2018 budget for the Corporate Services department. Staff reviewed changes in departmental operations, staffing, and provided detailed explanations respecting the highlighted items. The Committee and staff discussed about the constraints surrounding various revenue opportunities and the existing pressures in staffing. Staff noted that review of staff resources and service requirements is forthcoming to help alleviate the pressures. Moved by Councillor Kim Seconded by Mayor Dawe 1. That the comments and suggestions of the Review of Detailed Financial Budget Information for Corporate Services be received and referred to staff for consideration and action as appropriate. Carried Finance Advisory Committee Meeting Agenda Wednesday, April 25, 2018 Minutes Page 2 of 4 Finance Advisory Committee Meeting Minutes Wednesday, March 28, 2018 Page 3 of 4 2.Memorandum from Director, Financial Services Re: Round Table Discussion: Proposed Changes to Procurement Thresholds Staff provided an overview of the proposed changes to procurement thresholds, noting that a report is forthcoming to Council. The Committee and staff discussed various aspects of the proposed threshold changes, including procurement approaches for various clientele, the process for final approval and the role of Council, and emphasized the need for vendor evaluations. Moved by Mayor Dawe Seconded by Councillor Kim 1.That the memorandum regarding Round Table Discussion: Proposed Changes to Procurement Thresholds be received; and 2.That the comments of the Finance Advisory Committee be referred to staff for consideration. Carried 3.Distribution and Introduction of Detailed Financial Budget Information Re: Operational Services (OS) Moved by Councillor Kim Seconded by Mayor Dawe 1.That the detailed financial budget information for Operational Services department be received and deferred for discussion and detailed review at the April 25, 2018 meeting of the Finance Advisory Committee. Carried 6.New Business None Finance Advisory Committee Meeting Agenda Wednesday, April 25, 2018 Minutes Page 3 of 4 Finance Advisory Committee Meeting Minutes Wednesday, March 28, 2018 Page 4 of 4 7. Adjournment Moved by Mayor Dawe Seconded by Councillor Kim That the meeting be adjourned at 6:55 p.m. Carried Committee recommendations are not binding on the Town unless adopted by Council. Finance Advisory Committee Meeting Agenda Wednesday, April 25, 2018 Minutes Page 4 of 4 ϮϬϭϱ ϮϬϭϲ ϮϬϭϳϮϬϭϳ ϮϬϭϴϮϬϭϴǀƐ ϮϬϭϴǀƐ ϮϬϭϳǀƐ ϮϬϭϳǀƐ&ƵůůzĞĂƌ &ƵůůzĞĂƌ &ƵůůzĞĂƌƉƉƌŽǀĞĚ ƉƉƌŽǀĞĚϮϬϭϳƵĚŐĞƚ ϮϬϭϳƵĚŐĞƚϮϬϭϲĐƚƵĂůϮϬϭϲĐƚƵĂůĐƚƵĂůƐ ĐƚƵĂůƐ ĐƚƵĂůƐƵĚŐĞƚ ƵĚŐĞƚ/ŶĐƌĞĂƐĞͬ;ĞĐƌĞĂƐĞͿ /ŶĐƌĞĂƐĞͬ;ĞĐƌĞĂƐĞͿ /ŶĐƌĞĂƐĞͬ;ĞĐƌĞĂƐĞͿ/ŶĐƌĞĂƐĞͬ;ĞĐƌĞĂƐĞͿZsEh͗ϯͲϭϭϬϲ>E^W&^;ϯϲϵ͕ϰϵϮͿ ;ϳϱ͕ϯϱϯͿ ;ϭϲϭ͕ϮϭϳͿ;ϲϱ͕ϬϬϬͿ ;ϲϱ͕ϬϬϬͿͲͲϴϱ͕ϴϲϰ ϭϭϯ͘ϵйϯͲϭϮϬϭKd,Z;ϮϭϮ͕ϭϵϳͿ ;ϭϵϬ͕ϴϬϮͿ ;Ϯϯϴ͕ϬϰϲͿ;ϮϭϬ͕ϬϱϯͿ ;Ϯϲϰ͕ϬϬϬͿϱϯ͕ϵϰϳ Ϯϱ͘ϳйϰϳ͕Ϯϰϰ Ϯϰ͘ϴйϯͲϭϮϬϱ^>^;ϭ͕ϴϬϵͿ ;Ϯ͕ϬϮϯͿ ;Ϯ͕ϵϴϳͿ;ϯ͕ϬϬϬͿ ;ϯ͕ϬϬϬͿͲ Ͳ ϵϲϰ ϰϳ͘ϳйϯͲϭϮϬϲKEd/KE^Ͳ ;ϲϳϴͿ ;ϯϱϬͿͲͲͲ Ͳ ;ϯϮϴͿ ;ϰϴ͘ϰйͿϯͲϭϯϬϯ>>/DKEͬ^KZ&/>^;ϭϲϵ͕ϯϲϴͿ ;ϭϳϴ͕ϲϮϱͿ ;ϭϴϲ͕ϱϳϵͿ;ϭϲϰ͕ϯϴϭͿ ;ϭϲϰ͕ϯϴϭͿͲ Ͳ ϳ͕ϵϱϰ ϰ͘ϱйϯͲϭϯϬϰ'Z^^hdd/E';ϭϯϳ͕ϬϭϬͿͲͲͲͲͲͲ ͲͲϯͲϭϯϯϯKEdZ/hd/KE^&ZKDs>KWZ^;ϯϱϯ͕ϮϬϴͿ ;ϮϬϲ͕ϴϯϳͿ ;ϳϮ͕ϴϳϱͿͲͲͲͲ;ϭϯϯ͕ϵϲϮͿ ;ϲϰ͘ϴйͿϯͲϭϴϬϯKd,Z'ZEd^;Ϯϰϳ͕ϬϬϲͿ ;Ϯϰϰ͕ϯϯϰͿ ;Ϯϯϳ͕ϬϲϭͿ;ϮϲϬ͕ϬϬϬͿ ;ϮϲϬ͕ϬϬϬͿͲ Ͳ ;ϳ͕ϮϳϯͿ ;ϯ͘ϬйͿϯͲϭϵϭϳE'/EZ/E'KEdZ/hd/KE;ϳϬ͕ϬϬϬͿͲͲͲͲͲͲ ͲͲϯͲϭϵϯϯ>E^W&Z^ZsKEdΖE;Ϯϭ͕ϯϬϬͿ ;ϭϳ͕ϴϳϮͿ ;ϭϱ͕ϴϴϱͿ;ϭϱ͕ϴϴϱͿ ;ϭϯ͕ϴϳϳͿ;Ϯ͕ϬϬϴͿ ;ϭϮ͘ϲйͿ ;ϭ͕ϵϴϳͿ ;ϭϭ͘ϭйͿϯͲϭϵϲϯWZ<^sΘ&KEdΖE;ϭϱϰ͕ϰϮϱͿ ;ϭϭϲ͕ϮϱϳͿ ;ϭϯϲ͕ϭϱϲͿ;ϭϯϲ͕ϭϱϲͿ ;ϭϭϱ͕ϲϰϬͿ;ϮϬ͕ϱϭϲͿ ;ϭϱ͘ϭйͿ ϭϵ͕ϴϵϵ ϭϳ͘ϭйdŽƚĂůZĞǀĞŶƵĞ ;ϭ͕ϳϯϱ͕ϴϭϱͿ ;ϭ͕ϬϯϮ͕ϳϴϭͿ ;ϭ͕Ϭϱϭ͕ϭϱϲͿ ;ϴϱϰ͕ϰϳϱͿ ;ϴϴϱ͕ϴϵϴͿ ϯϭ͕ϰϮϯ ϯ͘ϳй ϭϴ͕ϯϳϱ ϭ͘ϴйyWE^͗ϰͲϮϬϬϬ^>Z/^Ͳ&ͬdϮ͕ϳϵϳ͕ϮϮϯ ϯ͕Ϭϳϲ͕ϱϵϴ Ϯ͕ϵϯϵ͕Ϭϳϲϯ͕Ϭϱϴ͕ϴϮϬ ϯ͕Ϭϴϵ͕ϲϱϲϯϬ͕ϴϯϲ ϭ͘Ϭй ;ϭϯϳ͕ϱϮϮͿ ;ϰ͘ϱйͿϰͲϮϬϬϭ^>Z/^ͲKͬdϭϯϲ͕Ϭϲϲ ϭϯϰ͕Ϭϵϭ ϭϮϵ͕ϰϭϳϭϬϴ͕ϯϱϬ ϭϬϴ͕ϯϱϬͲ Ͳ ;ϰ͕ϲϳϰͿ ;ϯ͘ϱйͿϰͲϮϬϬϮ^>Z/^ͲWͬdϱϯϬ͕Ϯϭϱ ϮϴϬ͕ϲϴϳ ϲϮϭ͕ϲϬϬϱϱϬ͕Ϯϭϭ ϱϵϭ͕ϴϭϲϰϭ͕ϲϬϱ ϳ͘ϲйϯϰϬ͕ϵϭϯ ϭϮϭ͘ϱйϰͲϮϬϬϯsd/KEWzͲ Ϯϭ͕ϭϳϱͲͲͲͲͲ;Ϯϭ͕ϭϳϱͿ;ϭϬϬ͘ϬйͿϰͲϮϬϬϰ^/<WzͲ ϰ͕ϴϲϳͲͲͲͲͲ;ϰ͕ϴϲϳͿ;ϭϬϬ͘ϬйͿϰͲϮϬϬϱ>/hd/DͲ ϭ͕ϰϴϳͲͲͲͲͲ;ϭ͕ϰϴϳͿ;ϭϬϬ͘ϬйͿϰͲϮϬϵϬzZEZh>^ϳ͕ϴϮϵ ϭϬ͕Ϭϵϲ ϭϭ͕ϭϬϱͲͲͲ Ͳ ϭ͕ϬϬϵ ϭϬ͘ϬйϰͲϮϭϬϬE&/d^ͲKDZ^Ϯϵϭ͕ϲϬϱ ϯϰϴ͕ϰϳϲ ϯϬϵ͕ϬϵϵϯϬϱ͕ϳϱϲ ϯϭϴ͕ϱϵϴϭϮ͕ϴϰϮ ϰ͘Ϯй;ϯϵ͕ϯϳϳͿ ;ϭϭ͘ϯйͿϰͲϮϭϬϭE&/d^Ͳ,dϲϳ͕ϲϯϰ ϳϴ͕ϱϵϭ ϳϭ͕ϴϭϵϳϬ͕ϯϭϵ ϳϯ͕ϮϰϳϮ͕ϵϮϴ ϰ͘Ϯй ;ϲ͕ϳϳϮͿ ;ϴ͘ϲйͿϰͲϮϭϬϮE&/d^Ͳt^/Ϯϳ͕ϲϳϴ Ϯϴ͕ϱϯϬ Ϯϲ͕ϲϰϲϮϳ͕Ϭϰϱ Ϯϴ͕ϭϳϮϭ͕ϭϮϳ ϰ͘Ϯй ;ϭ͕ϴϴϰͿ ;ϲ͘ϲйͿϰͲϮϭϬϯE&/d^ͲWWϭϮϰ͕ϲϱϭ ϭϯϵ͕ϴϱϳ ϭϯϰ͕ϬϬϱϭϯϭ͕ϴϮϱ ϭϯϳ͕ϭϲϰϱ͕ϯϯϵ ϰ͘ϭй ;ϱ͕ϴϱϮͿ ;ϰ͘ϮйͿϰͲϮϭϬϰE&/d^Ͳ/ϲϳ͕ϬϴϬ ϳϱ͕Ϭϳϲ ϲϮ͕ϲϲϳϳϮ͕ϲϯϴ ϲϴ͕Ϭϴϵ;ϰ͕ϱϰϵͿ ;ϲ͘ϯйͿ ;ϭϮ͕ϰϬϵͿ ;ϭϲ͘ϱйͿϰͲϮϭϬϱE&/d^ͲEd>ϲϱ͕ϬϴϬ ϲϳ͕ϱϬϰ ϲϭ͕ϭϯϱϳϳ͕Ϭϱϲ ϳϰ͕ϱϳϵ;Ϯ͕ϰϳϳͿ ;ϯ͘ϮйͿ ;ϲ͕ϯϲϵͿ ;ϵ͘ϰйͿϰͲϮϭϬϲE&/d^Ͳ,>d,ϭϭϮ͕ϴϲϬ ϭϮϳ͕ϴϱϳ ϭϭϮ͕ϲϭϵϭϭϵ͕ϲϴϳ ϭϮϳ͕ϱϰϱϳ͕ϴϱϴ ϲ͘ϲй ;ϭϱ͕ϮϯϴͿ ;ϭϭ͘ϵйͿϰͲϮϭϬϳE&/d^Ͳ>dͬϰϲ͕ϴϮϮ ϱϰ͕ϱϮϱ ϰϲ͕ϭϮϭϱϭ͕ϭϯϰ ϱϴ͕ϯϲϵϳ͕Ϯϯϱ ϭϰ͘ϭй ;ϴ͕ϰϬϰͿ ;ϭϱ͘ϰйͿϰͲϮϭϬϴE&/d^ͲKd,Zϭϯ͕ϱϲϭ ϭϱ͕ϴϭϴ ϭϯ͕Ϭϳϵϭϯ͕ϵϯϬ ϭϱ͕ϵϯϳϮ͕ϬϬϳ ϭϰ͘ϰй ;Ϯ͕ϳϯϵͿ ;ϭϳ͘ϯйͿϰͲϮϮϬϬt'ZKsZz;ϵϱϰͿ ;ϯ͕ϳϲϱͿͲͲͲͲͲϯ͕ϳϲϱϭϬϬ͘ϬйϰͲϮϮϬϭ^>Zz^s/E'^ͲͲͲ;ϯϵ͕ϮϭϭͿ ;ϯϵ͕ϮϭϭͿͲͲ ͲͲdKd>^>Z/^ΘE&/d^ ϰ͕Ϯϴϳ͕ϯϱϬ ϰ͕ϰϲϭ͕ϰϳϬ ϰ͕ϱϯϴ͕ϯϴϴ ϰ͕ϱϰϳ͕ϱϲϬ ϰ͕ϲϱϮ͕ϯϭϭϭϬϰ͕ϳϱϭϮ͘ϯйϳϲ͕ϵϭϴϭ͘ϳйϰͲϮϯϬϬ/EdZE>Yh/WDEdZEd>;Ϯϯϯ͕ϲϱϵͿ ;Ϯϯϰ͕ϭϱϵͿ ;Ϯϯϯ͕ϲϱϵͿ;Ϯϯϯ͕ϲϱϵͿ ;Ϯϯϯ͕ϲϱϵͿͲ Ͳ ϱϬϬ Ϭ͘ϮйϰͲϮϯϬϮ/EdZE>&h>ZKsZz;ϯϯ͕ϮϮϳͿ ;ϭϮ͕ϳϰϴͿ ;ϴ͕ϯϯϵͿ;ϰϬ͕ϬϬϬͿ ;ϰϬ͕ϬϬϬͿͲ Ͳ ϰ͕ϰϬϵ ϯϰ͘ϲйŽůůĂƌŚĂŶŐĞх нͬͲ ΨϮϬ͕ϬϬϬEWĞƌĐĞŶƚĂŐĞŚĂŶŐĞхнͬͲ ϭϬй Finance Advisory Committee Meeting Agenda Wednesday, April 25, 2018 Item 1 Page 1 of 13 ϮϬϭϱ ϮϬϭϲ ϮϬϭϳϮϬϭϳ ϮϬϭϴϮϬϭϴǀƐ ϮϬϭϴǀƐ ϮϬϭϳǀƐ ϮϬϭϳǀƐ&ƵůůzĞĂƌ &ƵůůzĞĂƌ &ƵůůzĞĂƌƉƉƌŽǀĞĚ ƉƉƌŽǀĞĚϮϬϭϳƵĚŐĞƚ ϮϬϭϳƵĚŐĞƚϮϬϭϲĐƚƵĂůϮϬϭϲĐƚƵĂůĐƚƵĂůƐ ĐƚƵĂůƐ ĐƚƵĂůƐƵĚŐĞƚ ƵĚŐĞƚ/ŶĐƌĞĂƐĞͬ;ĞĐƌĞĂƐĞͿ /ŶĐƌĞĂƐĞͬ;ĞĐƌĞĂƐĞͿ /ŶĐƌĞĂƐĞͬ;ĞĐƌĞĂƐĞͿ/ŶĐƌĞĂƐĞͬ;ĞĐƌĞĂƐĞͿŽůůĂƌŚĂŶŐĞх нͬͲ ΨϮϬ͕ϬϬϬEWĞƌĐĞŶƚĂŐĞŚĂŶŐĞхнͬͲ ϭϬйϰͲϯϬϬϬWhZ,^Z>Z/E'ϭ͕ϰϴϴ ϭ͕Ϯϳϱ;ϭϯͿͲͲͲͲ;ϭ͕ϮϴϴͿ;ϭϬϭ͘ϬйͿϰͲϰϬϬϬK&&/^hWW>/^ϭϬ͕ϳϮϱ ϴ͕ϬϭϬ ϳ͕ϲϳϰϭϭ͕ϯϱϬ ϭϭ͕ϯϱϬͲ Ͳ ;ϯϯϲͿ ;ϰ͘ϮйͿϰͲϰϬϬϰ^h^Z/Wd/KE^ͬWh>/d/KE^ϭ͕ϬϮϰϭϱϰϱϭϭϴϬϬϲϱϬ;ϭϱϬͿ;ϭϴ͘ϴйͿϯϱϳϮϯϭ͘ϴйϰͲϰϬϬϳKDWhdZ^hWW>/^ϲϭϵϯϳϵϱϬϬͲ;ϱϬϬͿ;ϭϬϬ͘ϬйͿ;ϭϰͿ;ϭϱ͘ϭйͿϰͲϰϬϬϵ^&dz^hWW>/^ϱ͕ϮϬϴ ϲ͕ϴϰϬ ϳ͕ϯϮϲϳ͕ϮϬϬ ϳ͕ϱϬϬϯϬϬ ϰ͘Ϯй ϰϴϲ ϳ͘ϭйϰͲϰϬϭϬ>Kd,/E'>>KtEϳ͕ϲϯϵ ϭϯ͕ϴϱϭ ϮϮ͕ϲϳϵϮϲ͕ϲϬϬ ϭϵ͕ϬϬϬ;ϳ͕ϲϬϬͿ ;Ϯϴ͘ϲйͿ ϴ͕ϴϮϴ ϲϯ͘ϳйϰͲϰϬϭϯhd/>/d/^ϳϲϯ͕ϮϮϲ ϲϬϯ͕ϴϵϲ ϰϱϴ͕ϮϯϰϮϳϬ͕ϬϬϬ ϰϲϴ͕ϯϭϭϭϵϴ͕ϯϭϭ ϳϯ͘ϰй;ϭϰϱ͕ϲϲϮͿ ;Ϯϰ͘ϭйͿϰͲϰϬϭϱKWZd/E'DdZ/>^ϰϮϭ͕Ϯϵϴ ϱϬϰ͕ϰϲϬ ϵϬϮ͕ϵϱϴϰϴϯ͕ϰϬϬ ϰϵϮ͕ϬϬϬϴ͕ϲϬϬ ϭ͘ϴйϯϵϴ͕ϰϵϴ ϳϵ͘ϬйϰͲϰϬϭϴ>/E^^ϮϬ͕ϵϳϭ Ϯϭ͕ϴϬϬ Ϯϴ͕ϳϲϴϮϮ͕ϬϬϬ Ϯϰ͕ϬϬϬϮ͕ϬϬϬ ϵ͘ϭй ϲ͕ϵϲϴ ϯϮ͘ϬйϰͲϰϬϭϵs,/>^hWW>/^ϮϮϭ͕ϴϮϬ Ϯϵϵ͕ϰϱϲ ϯϯϱ͕ϯϲϮϮϯϱ͕ϬϬϬ ϯϭϰ͕ϬϬϬϳϵ͕ϬϬϬ ϯϯ͘ϲйϯϱ͕ϵϬϲ ϭϮ͘ϬйϰͲϰϬϮϭYh/WDEdͲKd,Zϭϭ͕ϯϲϲ ϯϲ͕ϲϮϱ Ϯϱ͕ϮϰϲϮϭ͕ϱϬϬ Ϯϭ͕ϱϬϬͲ Ͳ ;ϭϭ͕ϯϳϵͿ ;ϯϭ͘ϭйͿϰͲϰϬϮϮdKK>^ϲ͕Ϯϯϰ ϭϬ͕Ϯϭϴ ϱ͕ϯϱϰϮϮ͕ϬϬϬ ϴ͕ϬϬϬ;ϭϰ͕ϬϬϬͿ ;ϲϯ͘ϲйͿ ;ϰ͕ϴϲϰͿ ;ϰϳ͘ϲйͿϰͲϰϬϮϯWd,tzD/EdEEDdZ/>^ϰϬ͕ϵϰϮ ϭϱ͕ϰϱϱ ϯϵ͕ϱϯϳϰϮ͕ϯϬϬ ϰϮ͕ϯϬϬͲͲϮϰ͕ϬϴϮ ϭϱϱ͘ϴйϰͲϰϬϮϰ&EDdZ/>^ϰ͕ϯϴϵ ϲ͕ϯϱϳ ϵ͕ϮϱϮϭϭ͕ϬϬϬ ϭϭ͕ϬϬϬͲ Ͳ Ϯ͕ϴϵϱ ϰϱ͘ϱйϰͲϰϬϰϱDhE//W>h^/E^^ϱ͕ϲϱϭ ϳ͕ϴϬϴ ϯ͕ϯϳϳϮ͕ϴϬϬ Ϯ͕ϯϱϬ;ϰϱϬͿ ;ϭϲ͘ϭйͿ ;ϰ͕ϰϯϭͿ ;ϱϲ͘ϳйͿϰͲϰϬϰϴ&h>K^d^ϭϴϬ͕ϱϮϳ ϭϰϳ͕ϲϴϯ ϭϳϵ͕ϳϵϵϮϮϬ͕ϬϬϬ ϭϱϱ͕ϬϬϬ;ϲϱ͕ϬϬϬͿ ;Ϯϵ͘ϱйͿϯϮ͕ϭϭϲ Ϯϭ͘ϳйϰͲϰϬϰϵ^/'E'ϰ͕ϯϮϮ ϭ͕ϱϮϴ ϰ͕ϲϰϵϱ͕ϬϬϬ ϱ͕ϬϬϬͲ Ͳ ϯ͕ϭϮϭ ϮϬϰ͘ϯйϰͲϰϬϱϬ&/>W/Edϭϲ͕Ϭϲϭ ϭϯ͕ϳϴϲ Ϯϭ͕ϲϲϭϭϳ͕ϬϬϬ ϭϴ͕ϬϬϬϭ͕ϬϬϬ ϱ͘ϵй ϳ͕ϴϳϱ ϱϳ͘ϭйϰͲϰϬϱϭ,KZd/h>dhZWZK'ZDϭϬ͕ϯϳϭ ϭϱ͕ϲϯϬ ϭϰ͕ϰϱϭϭϱ͕ϬϬϬ ϭϱ͕ϬϬϬͲ Ͳ ;ϭ͕ϭϳϵͿ ;ϳ͘ϱйͿϰͲϰϬϱϮ&Zdͬ'Z^^^ϭϱ͕ϵϯϵ ϭϳ͕ϰϴϵ ϭϳ͕ϲϮϯϯϯ͕ϬϬϬ ϯϯ͕ϬϬϬͲ Ͳ ϭϯϰ Ϭ͘ϴйϰͲϰϬϱϯWZ<>ͬ>/',d/E'ϭϴ͕ϴϵϴ ϭϲ͕ϲϱϭ ϭϲ͕ϯϴϴϭϰ͕ϬϬϬ ϭϰ͕ϬϬϬͲ Ͳ ;ϮϲϯͿ ;ϭ͘ϲйͿϰͲϰϬϱϰ/ZZ/'d/KEϰ͕Ϯϳϳ Ϯ͕ϰϰϳ ϭ͕ϭϯϵϱ͕ϭϬϬ ϱ͕ϭϬϬͲ Ͳ ;ϭ͕ϯϬϴͿ ;ϱϯ͘ϱйͿϰͲϰϬϱϵDzKZΖ^Ed/>/ddZDW/'Eϭϯϴ ϯ͕ϱϲϯ Ϯ͕Ϭϭϴϰ͕ϬϬϬ ϱ͕ϬϬϬϭ͕ϬϬϬ Ϯϱ͘Ϭй ;ϭ͕ϱϰϱͿ ;ϰϯ͘ϰйͿϰͲϱϬϬϭKE&ZE^Ϯ͕ϴϲϮͲ Ϯ͕ϲϲϰϯ͕ϬϬϬ ϭ͕ϲϬϬ;ϭ͕ϰϬϬͿ;ϰϲ͘ϳйͿϮ͕ϲϲϰͲϰͲϱϬϮϲKhZ^^Θ^D/EZ^ϰϲ͕ϭϯϵ ϳ͕Ϭϴϵ ϭϲ͕ϴϰϰϭϰ͕ϵϲϭ ϭϮ͕ϰϬϬ;Ϯ͕ϱϲϭͿ ;ϭϳ͘ϭйͿ ϵ͕ϳϱϱ ϭϯϳ͘ϲйϰͲϱϬϮϴDDZ^,/W^ϭϭ͕ϲϭϬ ϭϬ͕Ϭϱϭ ϲ͕ϳϰϰϭϭ͕ϱϬϬ ϴ͕ϮϬϬ;ϯ͕ϯϬϬͿ ;Ϯϴ͘ϳйͿ ;ϯ͕ϯϬϳͿ ;ϯϮ͘ϵйͿϰͲϱϬϮϵD/>'ϭϲ͕ϱϱϰ ϭϲ͕Ϭϴϯ ϭϰ͕ϭϴϮϭϬ͕ϳϱϬ ϭ͕ϳϱϬ;ϵ͕ϬϬϬͿ ;ϴϯ͘ϳйͿ ;ϭ͕ϵϬϭͿ ;ϭϭ͘ϴйͿϰͲϱϬϯϮs,/>ZW/Z^ϯϵ͕ϴϰϴ ϯϰ͕ϲϰϵ ϳϵ͕ϲϵϯϱϬ͕ϬϬϬ ϱϬ͕ϬϬϬͲͲϰϱ͕Ϭϰϰ ϭϯϬ͘ϬйϰͲϱϬϯϳWZKWZdz/DWZKsDEdϭϲ͕ϵϮϴ Ϯϯ͕ϭϮϳ Ϯϵ͕ϯϰϴϯϬ͕ϬϬϬ ϰϬ͕ϬϬϬϭϬ͕ϬϬϬ ϯϯ͘ϯй ϲ͕ϮϮϭ Ϯϲ͘ϵйϰͲϱϬϯϴh/>/E'ZW/ZΘD/EdEEϭϲ͕Ϭϴϲ ϭϵ͕ϬϮϮ ϮϬ͕ϳϭϰϮϭ͕ϬϬϬ Ϯϭ͕ϬϬϬͲ Ͳ ϭ͕ϲϵϮ ϴ͘ϵйϰͲϱϬϯϵ/E^hZE&^Ϯϱ͕ϬϬϬ Ϯϰ͕ϰϴϰ Ϯϰ͕ϲϯϮϮϱ͕ϬϬϬ Ϯϲ͕ϬϬϬϭ͕ϬϬϬ ϰ͘Ϭй ϭϰϴ Ϭ͘ϲйϰͲϱϬϰϮsZd/^/E'ϭϰ͕ϲϮϵ ϭϴ͕ϵϱϰ Ϯϰ͕ϰϭϯϮϲ͕ϬϬϬ Ϯϲ͕ϬϬϬͲ Ͳ ϱ͕ϰϱϵ Ϯϴ͘ϴйϰͲϱϬϰϯKE^h>d/E'ϰϱ͕ϰϰϯ ϵ͕ϳϭϯ ϱ͕ϭϭϲϭϱ͕ϬϬϬ ϭϱ͕ϬϬϬͲ Ͳ ;ϰ͕ϱϵϳͿ ;ϰϳ͘ϯйͿϰͲϱϬϰϱW,KdKKW/Z,Z'^ϭϭ͕ϱϳϱ ϭϮ͕ϱϳϴ ϭϯ͕Ϭϵϴϭϭ͕ϱϰϳ ϵ͕ϬϱϬ;Ϯ͕ϰϵϳͿ ;Ϯϭ͘ϲйͿ ϱϮϬ ϰ͘ϭйϰͲϱϬϰϳWhZ,^K&dZ^ϱϬ͕ϰϵϵ ϴϳ͕ϭϬϭ ϱϮ͕ϳϴϭϱϬ͕ϬϬϬ ϱϬ͕ϬϬϬͲͲ;ϯϰ͕ϯϮϬͿ ;ϯϵ͘ϰйͿϰͲϱϬϱϵKEdZd^Ϯ͕Ϭϲϯ͕ϬϰϮ Ϯ͕ϬϴϬ͕Ϭϰϴ Ϯ͕Ϭϱϰ͕ϭϯϬϮ͕Ϭϲϱ͕ϴϱϬ Ϯ͕ϰϵϬ͕ϬϯϬϰϮϰ͕ϭϴϬ ϮϬ͘ϱй ;Ϯϱ͕ϵϭϴͿ ;ϭ͘ϮйͿϰͲϱϬϲϬK^dZKsZz;ϭϱϰͿ ;ϯ͕ϰϯϬͿ ;Ϯ͕ϬϬϴͿͲͲͲ Ͳ ϭ͕ϰϮϮ ϰϭ͘ϱй Finance Advisory Committee Meeting Agenda Wednesday, April 25, 2018 Item 1 Page 2 of 13 ϮϬϭϱ ϮϬϭϲ ϮϬϭϳϮϬϭϳ ϮϬϭϴϮϬϭϴǀƐ ϮϬϭϴǀƐ ϮϬϭϳǀƐ ϮϬϭϳǀƐ&ƵůůzĞĂƌ &ƵůůzĞĂƌ &ƵůůzĞĂƌƉƉƌŽǀĞĚ ƉƉƌŽǀĞĚϮϬϭϳƵĚŐĞƚ ϮϬϭϳƵĚŐĞƚϮϬϭϲĐƚƵĂůϮϬϭϲĐƚƵĂůĐƚƵĂůƐ ĐƚƵĂůƐ ĐƚƵĂůƐƵĚŐĞƚ ƵĚŐĞƚ/ŶĐƌĞĂƐĞͬ;ĞĐƌĞĂƐĞͿ /ŶĐƌĞĂƐĞͬ;ĞĐƌĞĂƐĞͿ /ŶĐƌĞĂƐĞͬ;ĞĐƌĞĂƐĞͿ/ŶĐƌĞĂƐĞͬ;ĞĐƌĞĂƐĞͿŽůůĂƌŚĂŶŐĞх нͬͲ ΨϮϬ͕ϬϬϬEWĞƌĐĞŶƚĂŐĞŚĂŶŐĞхнͬͲ ϭϬйϰͲϱϬϲϮK>>d/KEKEdZd^ϭ͕ϯϯϭ͕ϯϴϰ ϭ͕ϭϲϮ͕Ϯϵϴ ϭ͕ϯϵϰ͕ϲϴϮϭ͕ϯϭϮ͕ϬϬϬ ϭ͕ϯϲϬ͕ϬϬϬϰϴ͕ϬϬϬ ϯ͘ϳйϮϯϮ͕ϯϴϰ ϮϬ͘ϬйϰͲϱϬϲϯt^d/^WK^>&ϭϰ͕ϵϰϬ ϭϰ͕ϯϰϮ ϭϮ͕ϵϰϳϭϴ͕ϬϬϬ ϭϴ͕ϬϬϬͲ Ͳ ;ϭ͕ϯϵϱͿ ;ϵ͘ϳйͿϰͲϱϬϲϰKEdZd^Ͳ'Z^^hdd/E'Ϯϳ͕ϱϰϲ ϵ͕ϲϮϳ ϭϯ͕ϭϱϯϮϬ͕ϬϬϬ ϮϬ͕ϬϬϬͲ Ͳ ϯ͕ϱϮϲ ϯϲ͘ϲйϰͲϱϬϳϳZ>dzdy^ϱϬ͕ϲϭϯ ϱϬ͕ϵϵϮͲͲͲͲͲ;ϱϬ͕ϵϵϮͿ;ϭϬϬ͘ϬйͿϰͲϱϬϴϲ^hZ/dzϯϬ͕Ϯϭϯ ϯϱ͕ϱϵϵ ϭϯ͕ϮϬϴͲͲͲͲ;ϮϮ͕ϯϵϭͿ ;ϲϮ͘ϵйͿϰͲϱϬϴϳZKZ/h>dhZ>KEdZdϮϰ͕ϮϱϮ ϭϴ͕ϯϯϬ ϰϱ͕ϳϭϴϲϬ͕ϬϬϬ ϱϬ͕ϬϬϬ;ϭϬ͕ϬϬϬͿ ;ϭϲ͘ϳйͿϮϳ͕ϯϴϴ ϭϰϵ͘ϰйϰͲϱϬϴϴ^,ZhD/EdEEϵϲ͕ϳϲϰ ϰϰ͕ϰϴϳ ϴϳ͕ϵϵϲϳϱ͕ϬϬϬ ϲϱ͕ϬϬϬ;ϭϬ͕ϬϬϬͿ ;ϭϯ͘ϯйͿϰϯ͕ϱϬϵ ϵϳ͘ϴйϰͲϲϬϬϬW/d>>KEZWzDEdͲ ϭϰϲ͕ϯϮϬ Ϯϵϳ͕ϲϴϲϮϵϳ͕ϲϴϲ ϯϬϰ͕ϱϰϮϲ͕ϴϱϲ Ϯ͘ϯйϭϱϭ͕ϯϲϲ ϭϬϯ͘ϰйϰͲϲϬϬϭE<,Z'^Ͳ ϰϭ͕ϵϮϯ ϲϵ͕ϳϴϱϲϵ͕ϳϴϱ ϲϮ͕ϵϯϬ;ϲ͕ϴϱϱͿ ;ϵ͘ϴйͿϮϳ͕ϴϲϮ ϲϲ͘ϱйϰͲϲϬϬϮd/sEd,Z'^E&^ͲͲ ϭ͕ϮϭϰͲϱϴϲϱϴϲͲϭ͕ϮϭϰͲϰͲϴϬϬϯKEdZ/hd/KE^dK/^Zd/KEZzZ^Zs^ϳϯϴ͕ϳϯϬ ϮϴϮ͕ϰϲϬ ϯϰϭ͕ϳϱϵϴϭ͕Ϯϭϭ ϴϭ͕ϮϭϭͲͲϱϵ͕Ϯϵϵ Ϯϭ͘ϬйdKd>Kd,ZyWE^^ ϲ͕ϭϴϬ͕ϭϵϮ ϱ͕ϲϱϰ͕Ϭϭϱ ϲ͕ϰϴϮ͕ϱϳϯ ϱ͕ϰϲϰ͕ϭϴϭ ϲ͕ϭϭϭ͕ϳϬϭ ϲϰϳ͕ϱϮϬ ϭϭ͘ϵй ϴϮϴ͕ϱϱϴ ϭϰ͘ϳйdKd>yWE^^ ϭϬ͕ϰϲϳ͕ϱϰϮ ϭϬ͕ϭϭϱ͕ϰϴϱ ϭϭ͕ϬϮϬ͕ϵϲϭ ϭϬ͕Ϭϭϭ͕ϳϰϭ ϭϬ͕ϳϲϰ͕ϬϭϮ ϳϱϮ͕Ϯϳϭ ϳ͘ϱй ϵϬϱ͕ϰϳϲ ϵ͘ϬйEdh'd ϴ͕ϳϯϭ͕ϳϮϳ ϵ͕ϬϴϮ͕ϳϬϰ ϵ͕ϵϲϵ͕ϴϬϱ ϵ͕ϭϱϳ͕Ϯϲϲ ϵ͕ϴϳϴ͕ϭϭϰ ϳϮϬ͕ϴϰϴ ϳ͘ϵйϴϴϳ͕ϭϬϭϵ͘ϴйFinance Advisory Committee Meeting Agenda Wednesday, April 25, 2018 Item 1 Page 3 of 13 ϮϬϭϱ ϮϬϭϲ ϮϬϭϳϮϬϭϳ ϮϬϭϴϮϬϭϴǀƐ ϮϬϭϴǀƐ ϮϬϭϳǀƐ ϮϬϭϳǀƐ&ƵůůzĞĂƌ &ƵůůzĞĂƌ &ƵůůzĞĂƌƉƉƌŽǀĞĚ ƉƉƌŽǀĞĚϮϬϭϳƵĚŐĞƚ ϮϬϭϳƵĚŐĞƚϮϬϭϲĐƚƵĂůϮϬϭϲĐƚƵĂůĐƚƵĂůƐ ĐƚƵĂůƐ ĐƚƵĂůƐƵĚŐĞƚ ƵĚŐĞƚ/ŶĐƌĞĂƐĞͬ;ĞĐƌĞĂƐĞͿ /ŶĐƌĞĂƐĞͬ;ĞĐƌĞĂƐĞͿ /ŶĐƌĞĂƐĞͬ;ĞĐƌĞĂƐĞͿ/ŶĐƌĞĂƐĞͬ;ĞĐƌĞĂƐĞͿZsEh͗ϯͲϭϮϬϭKd,Z;ϯϯ͕ϭϳϮͿ ;Ϯϰ͕ϭϳϭͿ ;Ϯϰ͕ϰϯϮͿ;ϯϱ͕ϬϱϯͿ ;ϯϱ͕ϬϬϬͿ;ϱϯͿ ;Ϭ͘ϮйͿ Ϯϲϭ ϭ͘ϭйdŽƚĂůZĞǀĞŶƵĞ ;ϯϯ͕ϭϳϮͿ ;Ϯϰ͕ϭϳϭͿ ;Ϯϰ͕ϰϯϮͿ ;ϯϱ͕ϬϱϯͿ ;ϯϱ͕ϬϬϬͿ ;ϱϯͿ ;Ϭ͘ϮйͿϮϲϭ ϭ͘ϭйyWE^͗ϰͲϮϬϬϬ^>Z/^Ͳ&ͬdϯϯϰ͕ϭϬϴ ϯϱϲ͕ϰϭϮ ϯϴϯ͕ϰϵϴϯϵϲ͕ϮϯϮ ϰϮϲ͕ϵϵϭϯϬ͕ϳϱϵ ϳ͘ϴй Ϯϳ͕Ϭϴϲ ϳ͘ϲйϰͲϮϬϬϭ^>Z/^ͲKͬdͲϴϯϯϬϴͲͲͲͲϮϮϱϮϳϭ͘ϭйϰͲϮϬϬϮ^>Z/^ͲWͬdϭϯ͕ϭϰϯ ϱϴ͕ϵϭϮ ϭ͕ϭϭϴϯ͕ϲϭϰ ϯ͕ϳϰϲϭϯϮ ϯ͘ϳй;ϱϳ͕ϳϵϰͿ ;ϵϴ͘ϭйͿϰͲϮϬϬϯsd/KEWzͲϴϯϭͲͲͲͲͲ;ϴϯϭͿ;ϭϬϬ͘ϬйͿϰͲϮϬϬϰ^/<WzͲϲϵϮͲͲͲͲͲ;ϲϵϮͿ;ϭϬϬ͘ϬйͿϰͲϮϬϵϬzZEZh>^ϵ͕ϰϵϬ ;ϭϭ͕ϴϬϵͿ ϭϲ͕ϬϱϱͲͲͲͲϮϳ͕ϴϲϰ Ϯϯϲ͘ϬйϰͲϮϭϬϬE&/d^ͲKDZ^ϯϴ͕Ϭϳϲ ϭϬϱ͕ϱϬϵ ϰϬ͕ϭϭϮϰϰ͕ϳϯϰ ϰϴ͕ϳϲϬϰ͕ϬϮϲ ϵ͘Ϭй;ϲϱ͕ϯϵϳͿ ;ϲϮ͘ϬйͿϰͲϮϭϬϭE&/d^Ͳ,dϲ͕ϳϵϬ ϭϵ͕ϯϳϴ ϳ͕ϭϯϵϳ͕ϳϵϰ ϴ͕ϯϵϱϲϬϭ ϳ͘ϳй ;ϭϮ͕ϮϯϵͿ ;ϲϯ͘ϮйͿϰͲϮϭϬϮE&/d^Ͳt^/Ϯ͕ϰϯϴ ϲ͕Ϯϲϲ Ϯ͕ϰϳϳϮ͕ϵϵϴ ϯ͕ϮϮϵϮϯϭ ϳ͘ϳй ;ϯ͕ϳϴϵͿ ;ϲϬ͘ϱйͿϰͲϮϭϬϯE&/d^ͲWWϵ͕ϲϳϱ Ϯϰ͕Ϯϯϴ ϭϬ͕ϵϱϵϭϬ͕ϵϲϵ ϭϭ͕ϯϲϱϯϵϲ ϯ͘ϲй ;ϭϯ͕ϮϳϵͿ ;ϱϰ͘ϴйͿϰͲϮϭϬϰE&/d^Ͳ/ϱ͕ϭϱϳ ϭϮ͕ϳϭϴ ϱ͕ϬϭϬϱ͕ϳϴϰ ϱ͕ϮϮϴ;ϱϱϲͿ ;ϵ͘ϲйͿ ;ϳ͕ϳϬϴͿ ;ϲϬ͘ϲйͿϰͲϮϭϬϱE&/d^ͲEd>ϳ͕ϱϰϰ ϭϯ͕ϵϴϲ ϲ͕ϵϳϱϳ͕ϳϯϭ ϳ͕ϰϲϱ;ϮϲϲͿ ;ϯ͘ϰйͿ ;ϳ͕ϬϭϭͿ ;ϱϬ͘ϭйͿϰͲϮϭϬϲE&/d^Ͳ,>d,ϭϮ͕ϱϵϰ Ϯϳ͕ϵϭϭ ϭϭ͕ϵϳϲϭϮ͕ϬϬϵ ϭϮ͕ϳϲϲϳϱϳ ϲ͘ϯй ;ϭϱ͕ϵϯϱͿ ;ϱϳ͘ϭйͿϰͲϮϭϬϳE&/d^Ͳ>dͬϱ͕ϲϬϴ ϭϱ͕ϲϰϯ ϱ͕ϲϲϱϳ͕ϰϰϬ ϴ͕ϴϬϵϭ͕ϯϲϵ ϭϴ͘ϰй ;ϵ͕ϵϳϴͿ ;ϲϯ͘ϴйͿϰͲϮϭϬϴE&/d^ͲKd,Zϭ͕ϴϭϭ ϰ͕Ϯϱϭ ϭ͕ϱϴϵϭ͕ϴϱϵ Ϯ͕ϮϬϯϯϰϰ ϭϴ͘ϱй ;Ϯ͕ϲϲϮͿ ;ϲϮ͘ϲйͿϰͲϮϮϬϭ^>Zz^s/E'^ͲͲͲ;ϯϵ͕ϮϭϭͿ ;ϯϵ͕ϮϭϭͿͲͲ ͲͲdKd>^>Z/^ΘE&/d^ ϰϰϲ͕ϰϯϰ ϲϯϱ͕ϬϮϭ ϰϵϮ͕ϴϴϭ ϰϲϭ͕ϵϱϯ ϰϵϵ͕ϳϰϲ ϯϳ͕ϳϵϯ ϴ͘Ϯй ;ϭϰϮ͕ϭϰϬͿ ;ϮϮ͘ϰйͿϰͲϯϬϬϬWhZ,^Z>Z/E'ϭ͕ϰϴϴ ϭ͕Ϯϳϱ;ϭϯͿͲͲͲͲ;ϭ͕ϮϴϴͿ;ϭϬϭ͘ϬйͿϰͲϰϬϬϬK&&/^hWW>/^ϵ͕ϬϮϬ ϲ͕ϲϮϰ ϱ͕ϵϬϮϵ͕ϱϬϬ ϵ͕ϱϬϬͲ Ͳ ;ϳϮϮͿ ;ϭϬ͘ϵйͿϰͲϰϬϬϰ^h^Z/Wd/KE^ͬWh>/d/KE^ϭ͕ϬϮϰϭϱϰϱϭϭϴϬϬϲϱϬ;ϭϱϬͿ;ϭϴ͘ϴйͿϯϱϳϮϯϭ͘ϴйϰͲϰϬϬϳKDWhdZ^hWW>/^ϲϭϵϯϳϵϱϬϬͲ;ϱϬϬͿ;ϭϬϬ͘ϬйͿ;ϭϰͿ;ϭϱ͘ϭйͿϰͲϰϬϭϬ>Kd,/E'>>KtEͲͲϮϲϴϯ͕ϭϬϬͲ;ϯ͕ϭϬϬͿ;ϭϬϬ͘ϬйͿϮϲϴͲϰͲϰϬϰϱDhE//W>h^/E^^ϱ͕ϭϵϭ ϳ͕Ϭϲϱ Ϯ͕ϲϬϴϮ͕ϯϱϬ ϭ͕ϵϬϬ;ϰϱϬͿ ;ϭϵ͘ϭйͿ ;ϰ͕ϰϱϳͿ ;ϲϯ͘ϭйͿϰͲϱϬϬϭKE&ZE^Ϯ͕ϴϲϮͲ Ϯ͕ϲϲϰϯ͕ϬϬϬ ϭ͕ϲϬϬ;ϭ͕ϰϬϬͿ;ϰϲ͘ϳйͿϮ͕ϲϲϰη/sͬϬ͊ϰͲϱϬϮϲKhZ^^Θ^D/EZ^ϰϬ͕ϭϳϮ ϱ͕ϴϭϯ ϭϬ͕ϴϴϯϴ͕ϯϲϭ ϱ͕ϴϬϬ;Ϯ͕ϱϲϭͿ ;ϯϬ͘ϲйͿ ϱ͕ϬϳϬ ϴϳ͘ϮйϰͲϱϬϮϴDDZ^,/W^ϵ͕ϵϯϳ ϳ͕ϲϵϵ ϲ͕ϬϮϳϭϬ͕ϬϬϬ ϲ͕ϳϬϬ;ϯ͕ϯϬϬͿ ;ϯϯ͘ϬйͿ ;ϭ͕ϲϳϮͿ ;Ϯϭ͘ϳйͿϰͲϱϬϮϵD/>'ϭϱ͕ϵϴϮ ϭϱ͕ϳϮϴ ϭϰ͕ϬϯϳϭϬ͕ϬϬϬ ϭ͕ϬϬϬ;ϵ͕ϬϬϬͿ ;ϵϬ͘ϬйͿ ;ϭ͕ϲϵϭͿ ;ϭϬ͘ϴйͿϰͲϱϬϰϱW,KdKKW/Z,Z'^ϵ͕Ϭϴϵ ϭϬ͕Ϭϴϳ ϭϬ͕ϯϴϯϵ͕ϬϬϬ ϲ͕ϲϱϬ;Ϯ͕ϯϱϬͿ ;Ϯϲ͘ϭйͿ Ϯϵϲ Ϯ͘ϵйϰͲϱϬϱϵKEdZd^ϭϭ͕ϱϱϯ ϱ͕ϯϳϳ ϯ͕ϰϮϵϭϬ͕ϬϬϬ ϭϬ͕ϬϬϬͲ Ͳ ;ϭ͕ϵϰϴͿ ;ϯϲ͘ϮйͿdKd>Kd,ZyWE^^ ϭϬϲ͕ϯϳϵ ϱϵ͕ϵϭϱ ϱϲ͕ϳϳϴ ϲϲ͕ϲϭϭ ϰϯ͕ϴϬϬ ;ϮϮ͕ϴϭϭͿ ;ϯϰ͘ϮйͿ;ϯ͕ϭϯϳͿ;ϱ͘ϮйͿdKd>yWE^^ϱϱϮ͕ϴϭϯ ϲϵϰ͕ϵϯϲ ϱϰϵ͕ϲϱϵ ϱϮϴ͕ϱϲϰ ϱϰϯ͕ϱϰϲϭϰ͕ϵϴϮϮ͘ϴй;ϭϰϱ͕ϮϳϳͿ;ϮϬ͘ϵйͿŽůůĂƌŚĂŶŐĞх нͬͲ ΨϮϬ͕ϬϬϬEWĞƌĐĞŶƚĂŐĞŚĂŶŐĞхнͬͲ ϭϬй Finance Advisory Committee Meeting Agenda Wednesday, April 25, 2018 Item 1 Page 4 of 13 ϮϬϭϱ ϮϬϭϲ ϮϬϭϳϮϬϭϳ ϮϬϭϴϮϬϭϴǀƐ ϮϬϭϴǀƐ ϮϬϭϳǀƐ ϮϬϭϳǀƐ&ƵůůzĞĂƌ &ƵůůzĞĂƌ &ƵůůzĞĂƌƉƉƌŽǀĞĚ ƉƉƌŽǀĞĚϮϬϭϳƵĚŐĞƚ ϮϬϭϳƵĚŐĞƚϮϬϭϲĐƚƵĂůϮϬϭϲĐƚƵĂůĐƚƵĂůƐ ĐƚƵĂůƐ ĐƚƵĂůƐƵĚŐĞƚ ƵĚŐĞƚ/ŶĐƌĞĂƐĞͬ;ĞĐƌĞĂƐĞͿ /ŶĐƌĞĂƐĞͬ;ĞĐƌĞĂƐĞͿ /ŶĐƌĞĂƐĞͬ;ĞĐƌĞĂƐĞͿ/ŶĐƌĞĂƐĞͬ;ĞĐƌĞĂƐĞͿŽůůĂƌŚĂŶŐĞх нͬͲ ΨϮϬ͕ϬϬϬEWĞƌĐĞŶƚĂŐĞŚĂŶŐĞхнͬͲ ϭϬйEdh'dϱϭϵ͕ϲϰϭ ϲϳϬ͕ϳϲϱ ϱϮϱ͕ϮϮϳ ϰϵϯ͕ϱϭϭ ϱϬϴ͕ϱϰϲϭϱ͕Ϭϯϱϯ͘Ϭй;ϭϰϱ͕ϱϯϴͿ;Ϯϭ͘ϳйͿFinance Advisory Committee Meeting Agenda Wednesday, April 25, 2018 Item 1 Page 5 of 13 ϮϬϭϱ ϮϬϭϲ ϮϬϭϳϮϬϭϳ ϮϬϭϴϮϬϭϴǀƐ ϮϬϭϴǀƐ ϮϬϭϳǀƐ ϮϬϭϳǀƐ&ƵůůzĞĂƌ &ƵůůzĞĂƌ &ƵůůzĞĂƌƉƉƌŽǀĞĚ ƉƉƌŽǀĞĚϮϬϭϳƵĚŐĞƚ ϮϬϭϳƵĚŐĞƚϮϬϭϲĐƚƵĂůϮϬϭϲĐƚƵĂůĐƚƵĂůƐ ĐƚƵĂůƐ ĐƚƵĂůƐƵĚŐĞƚ ƵĚŐĞƚ/ŶĐƌĞĂƐĞͬ;ĞĐƌĞĂƐĞͿ /ŶĐƌĞĂƐĞͬ;ĞĐƌĞĂƐĞͿ /ŶĐƌĞĂƐĞͬ;ĞĐƌĞĂƐĞͿ/ŶĐƌĞĂƐĞͬ;ĞĐƌĞĂƐĞͿZsEh͗ϯͲϭϮϬϭKd,Z;ϯϲ͕ϲϰϵͿ ;ϯϵ͕ϰϭϮͿ ;ϲϳ͕ϴϯϮͿ;ϰϱ͕ϬϬϬͿ ;ϰϱ͕ϬϬϬͿͲͲϮϴ͕ϰϮϬ ϳϮ͘ϭйdŽƚĂůZĞǀĞŶƵĞ ;ϯϲ͕ϲϰϵͿ ;ϯϵ͕ϰϭϮͿ ;ϲϳ͕ϴϯϮͿ ;ϰϱ͕ϬϬϬͿ ;ϰϱ͕ϬϬϬͿ Ͳ Ͳ Ϯϴ͕ϰϮϬ ϳϮ͘ϭйyWE^͗ϰͲϮϬϬϬ^>Z/^Ͳ&ͬdϭϴϬ͕ϴϳϳ ϮϬϳ͕ϳϰϲ ϮϯϮ͕ϴϮϴϮϯϭ͕ϰϵϲ Ϯϯϱ͕ϰϬϰϯ͕ϵϬϴ ϭ͘ϳйϮϱ͕ϬϴϮ ϭϮ͘ϭйϰͲϮϬϬϭ^>Z/^ͲKͬdϳ͕ϴϬϱ Ϯ͕ϯϭϳ ϴ͕ϮϵϵͲͲͲ Ͳ ϱ͕ϵϴϮ Ϯϱϴ͘ϮйϰͲϮϬϬϮ^>Z/^ͲWͬdϮϭ͕ϭϬϲ ϯϰ͕ϯϯϵ ϭϵ͕ϬϲϬͲͲͲ Ͳ ;ϭϱ͕ϮϳϵͿ ;ϰϰ͘ϱйͿϰͲϮϬϬϯsd/KEWzͲ ϭ͕ϯϯϴͲͲͲͲͲ;ϭ͕ϯϯϴͿ;ϭϬϬ͘ϬйͿϰͲϮϬϬϰ^/<WzͲϭϲϰͲͲͲͲͲ;ϭϲϰͿ;ϭϬϬ͘ϬйͿϰͲϮϬϵϬzZEZh>^ϰ͕ϮϬϮ ;ϳ͕ϱϵϬͿ ϰ͕ϮϴϱͲͲͲ Ͳ ϭϭ͕ϴϳϱ ϭϱϲ͘ϱйϰͲϮϭϬϬE&/d^ͲKDZ^ϭϲ͕Ϭϴϰ Ϯϰ͕ϬϬϳ Ϯϱ͕ϭϬϯϮϮ͕ϴϲϴ Ϯϯ͕ϯϭϱϰϰϳ Ϯ͘Ϭй ϭ͕Ϭϵϲ ϰ͘ϲйϰͲϮϭϬϭE&/d^Ͳ,dϰ͕ϭϬϴ ϱ͕ϮϮϵ ϱ͕ϬϵϮϰ͕ϱϭϰ ϰ͕ϱϵϬϳϲ ϭ͘ϳй ;ϭϯϳͿ ;Ϯ͘ϲйͿϰͲϮϭϬϮE&/d^Ͳt^/ϭ͕ϳϴϯ Ϯ͕Ϭϭϭ ϭ͕ϵϱϴϭ͕ϳϯϲ ϭ͕ϳϲϱϮϵ ϭ͘ϳй ;ϱϯͿ ;Ϯ͘ϲйͿϰͲϮϭϬϯE&/d^ͲWWϳ͕ϴϭϴ ϭϭ͕ϰϳϵ ϵ͕ϳϱϱϵ͕Ϭϱϱ ϵ͕ϭϲϱϭϭϬ ϭ͘Ϯй ;ϭ͕ϳϮϰͿ ;ϭϱ͘ϬйͿϰͲϮϭϬϰE&/d^Ͳ/ϰ͕Ϯϰϴ ϲ͕Ϯϴϰ ϰ͕ϱϯϳϰ͕ϳϰϰ ϰ͕ϭϳϵ;ϱϲϱͿ ;ϭϭ͘ϵйͿ ;ϭ͕ϳϰϳͿ ;Ϯϳ͘ϴйͿϰͲϮϭϬϱE&/d^ͲEd>ϰ͕ϲϭϲ ϲ͕Ϭϰϴ ϱ͕ϭϳϴϲ͕ϰϰϯ ϲ͕Ϭϳϲ;ϯϲϳͿ ;ϱ͘ϳйͿ ;ϴϳϬͿ ;ϭϰ͘ϰйͿϰͲϮϭϬϲE&/d^Ͳ,>d,ϵ͕ϵϲϴ ϭϭ͕ϰϯϴ ϭϭ͕ϬϲϴϭϬ͕ϬϬϳ ϭϬ͕ϯϵϭϯϴϰ ϯ͘ϴй ;ϯϳϬͿ ;ϯ͘ϮйͿϰͲϮϭϬϳE&/d^Ͳ>dͬϯ͕ϯϯϯ ϯ͕ϳϰϭ ϯ͕ϳϬϵϯ͕ϳϲϰ ϰ͕ϮϬϱϰϰϭ ϭϭ͘ϳй ;ϯϮͿ ;Ϭ͘ϵйͿϰͲϮϭϬϴE&/d^ͲKd,Zϭ͕Ϭϭϭ ϭ͕ϯϬϬ ϭ͕Ϭϳϱϭ͕Ϭϴϲ ϭ͕ϮϭϰϭϮϴ ϭϭ͘ϴй ;ϮϮϱͿ ;ϭϳ͘ϯйͿdKd>^>Z/^ΘE&/d^ Ϯϲϲ͕ϵϱϵ ϯϬϵ͕ϴϱϭ ϯϯϭ͕ϵϰϳ Ϯϵϱ͕ϳϭϯ ϯϬϬ͕ϯϬϰ ϰ͕ϱϵϭϭ͘ϲйϮϮ͕Ϭϵϲϳ͘ϭйϰͲϮϯϬϬ/EdZE>Yh/WDEdZEd>;Ϯϯϯ͕ϲϱϵͿ ;Ϯϯϰ͕ϭϱϵͿ ;Ϯϯϯ͕ϲϱϵͿ;Ϯϯϯ͕ϲϱϵͿ ;Ϯϯϯ͕ϲϱϵͿͲ Ͳ ϱϬϬ Ϭ͘ϮйϰͲϮϯϬϮ/EdZE>&h>ZKsZz;ϯϯ͕ϮϮϳͿ ;ϭϮ͕ϳϰϴͿ ;ϴ͕ϯϯϵͿ;ϰϬ͕ϬϬϬͿ ;ϰϬ͕ϬϬϬͿͲ Ͳ ϰ͕ϰϬϵ ϯϰ͘ϲйϰͲϰϬϭϱKWZd/E'DdZ/>^ϱ͕Ϭϳϰ Ϯϴ͕ϳϰϵ ϳ͕ϳϮϱϮ͕ϱϬϬ ϭϱ͕ϬϬϬϭϮ͕ϱϬϬ ϱϬϬ͘Ϭй;Ϯϭ͕ϬϮϰͿ ;ϳϯ͘ϭйͿϰͲϰϬϭϴ>/E^^ϮϬ͕ϵϳϭ Ϯϭ͕ϴϬϬ Ϯϴ͕ϳϲϴϮϮ͕ϬϬϬ Ϯϰ͕ϬϬϬϮ͕ϬϬϬ ϵ͘ϭй ϲ͕ϵϲϴ ϯϮ͘ϬйϰͲϰϬϭϵs,/>^hWW>/^ϮϮϭ͕ϴϮϬ Ϯϵϵ͕ϰϱϲ ϯϯϱ͕ϯϲϮϮϯϱ͕ϬϬϬ ϯϭϰ͕ϬϬϬϳϵ͕ϬϬϬ ϯϯ͘ϲйϯϱ͕ϵϬϲ ϭϮ͘ϬйϰͲϰϬϮϭYh/WDEdͲKd,Zϵϳ Ϯϴ͕ϳϰϭ ϭϯ͕ϬϮϱϭϬ͕ϬϬϬ ϭϬ͕ϬϬϬͲ Ͳ ;ϭϱ͕ϳϭϲͿ ;ϱϰ͘ϳйͿϰͲϰϬϮϮdKK>^ϯ͕ϵϳϴ ϲ͕ϵϱϮ Ϯ͕ϲϳϬϭϵ͕ϬϬϬ ϱ͕ϬϬϬ;ϭϰ͕ϬϬϬͿ ;ϳϯ͘ϳйͿ ;ϰ͕ϮϴϮͿ ;ϲϭ͘ϲйͿϰͲϰϬϰϴ&h>K^d^ϭϴϬ͕ϱϮϳ ϭϰϳ͕ϲϴϯ ϭϳϵ͕ϳϵϵϮϮϬ͕ϬϬϬ ϭϱϱ͕ϬϬϬ;ϲϱ͕ϬϬϬͿ ;Ϯϵ͘ϱйͿϯϮ͕ϭϭϲ Ϯϭ͘ϳйϰͲϱϬϯϮs,/>ZW/Z^ϯϵ͕ϴϰϴ ϯϰ͕ϲϰϵ ϳϵ͕ϲϵϯϱϬ͕ϬϬϬ ϱϬ͕ϬϬϬͲͲϰϱ͕Ϭϰϰ ϭϯϬ͘ϬйϰͲϱϬϯϵ/E^hZE&^Ϯϱ͕ϬϬϬ Ϯϰ͕ϰϴϰ Ϯϰ͕ϲϯϮϮϱ͕ϬϬϬ Ϯϲ͕ϬϬϬϭ͕ϬϬϬ ϰ͘Ϭй ϭϰϴ Ϭ͘ϲйϰͲϴϬϬϯKEdZ/hd/KE^dK/^Zd/KEZzZ^Zs^ϯϲ͕ϲϰϵ ϯϵ͕ϰϭϮ ϲϯ͕ϱϴϮϰϱ͕ϬϬϬ ϰϱ͕ϬϬϬͲͲϮϰ͕ϭϳϬ ϲϭ͘ϯйdKd>Kd,ZyWE^^ Ϯϲϳ͕Ϭϳϴ ϯϴϱ͕Ϭϭϵ ϰϵϯ͕Ϯϱϴ ϯϱϰ͕ϴϰϭ ϯϳϬ͕ϯϰϭ ϭϱ͕ϱϬϬ ϰ͘ϰй ϭϬϴ͕Ϯϯϵ Ϯϴ͘ϭйdKd>yWE^^ ϱϯϰ͕Ϭϯϳ ϲϵϰ͕ϴϳϬ ϴϮϱ͕ϮϬϱ ϲϱϬ͕ϱϱϰ ϲϳϬ͕ϲϰϱ ϮϬ͕Ϭϵϭ ϯ͘ϭй ϭϯϬ͕ϯϯϱ ϭϴ͘ϴйEdh'd ϰϵϳ͕ϯϴϴ ϲϱϱ͕ϰϱϴ ϳϱϳ͕ϯϳϯ ϲϬϱ͕ϱϱϰ ϲϮϱ͕ϲϰϱ ϮϬ͕Ϭϵϭ ϯ͘ϯй ϭϬϭ͕ϵϭϱ ϭϱ͘ϱйŽůůĂƌŚĂŶŐĞх нͬͲ ΨϮϬ͕ϬϬϬEWĞƌĐĞŶƚĂŐĞŚĂŶŐĞхнͬͲ ϭϬй Finance Advisory Committee Meeting Agenda Wednesday, April 25, 2018 Item 1 Page 6 of 13 ϮϬϭϱ ϮϬϭϲ ϮϬϭϳϮϬϭϳ ϮϬϭϴϮϬϭϴǀƐ ϮϬϭϴǀƐ ϮϬϭϳǀƐ ϮϬϭϳǀƐ&ƵůůzĞĂƌ &ƵůůzĞĂƌ &ƵůůzĞĂƌƉƉƌŽǀĞĚ ƉƉƌŽǀĞĚϮϬϭϳƵĚŐĞƚ ϮϬϭϳƵĚŐĞƚϮϬϭϲĐƚƵĂůϮϬϭϲĐƚƵĂůĐƚƵĂůƐ ĐƚƵĂůƐ ĐƚƵĂůƐƵĚŐĞƚ ƵĚŐĞƚ/ŶĐƌĞĂƐĞͬ;ĞĐƌĞĂƐĞͿ /ŶĐƌĞĂƐĞͬ;ĞĐƌĞĂƐĞͿ /ŶĐƌĞĂƐĞͬ;ĞĐƌĞĂƐĞͿ/ŶĐƌĞĂƐĞͬ;ĞĐƌĞĂƐĞͿZsEh͗ϯͲϭϮϬϭKd,Z;ϱϭ͕ϮϬϱͿ ;ϯϯ͕ϲϯϮͿ ;ϰϵ͕ϵϴϭͿ;ϰϴ͕ϬϬϬͿ ;ϭϬϮ͕ϬϬϬͿϱϰ͕ϬϬϬ ϭϭϮ͘ϱй ϭϲ͕ϯϰϵ ϰϴ͘ϲйϯͲϭϵϭϳE'/EZ/E'KEdZ/hd/KE;ϳϬ͕ϬϬϬͿͲͲͲͲͲͲ ͲͲdŽƚĂůZĞǀĞŶƵĞ;ϭϮϭ͕ϮϬϱͿ ;ϯϯ͕ϲϯϮͿ ;ϰϵ͕ϵϴϭͿ ;ϰϴ͕ϬϬϬͿ ;ϭϬϮ͕ϬϬϬͿϱϰ͕ϬϬϬϭϭϮ͘ϱйϭϲ͕ϯϰϵϰϴ͘ϲйyWE^͗ϰͲϮϬϬϬ^>Z/^Ͳ&ͬdϭ͕Ϭϭϳ͕ϭϵϬ ϭ͕Ϭϭϯ͕ϲϮϴ ϭ͕Ϭϱϭ͕Ϯϱϰϭ͕Ϭϵϭ͕ϯϰϭ ϭ͕Ϭϱϳ͕ϵϵϰ;ϯϯ͕ϯϰϳͿ ;ϯ͘ϭйͿ ϯϳ͕ϲϮϲ ϯ͘ϳйϰͲϮϬϬϭ^>Z/^ͲKͬdϰϵ͕ϮϴϬ ϲϱ͕ϴϱϭ ϰϱ͕ϬϲϱϮϴ͕ϬϬϬ Ϯϴ͕ϬϬϬͲͲ;ϮϬ͕ϳϴϲͿ ;ϯϭ͘ϲйͿϰͲϮϬϬϮ^>Z/^ͲWͬdϴϭ͕ϱϵϲ ϴϰ͕ϭϲϳ ϭϮϳ͕ϲϮϭϭϭϰ͕ϭϵϴ ϭϭϴ͕ϯϱϵϰ͕ϭϲϭ ϯ͘ϲйϰϯ͕ϰϱϰ ϱϭ͘ϲйϰͲϮϬϬϯsd/KEWzͲ ϯ͕ϴϳϭͲͲͲͲͲ;ϯ͕ϴϳϭͿ;ϭϬϬ͘ϬйͿϰͲϮϬϬϰ^/<WzͲϲϱϳͲͲͲͲͲ;ϲϱϳͿ;ϭϬϬ͘ϬйͿϰͲϮϬϬϱ>/hd/DͲ ϭ͕ϰϴϳͲͲͲͲͲ;ϭ͕ϰϴϳͿ;ϭϬϬ͘ϬйͿϰͲϮϬϵϬzZEZh>^;ϭϬ͕ϴϯϭͿ ϳ͕ϵϯϯ ϯ͕ϮϲϬͲͲͲ Ͳ ;ϰ͕ϲϳϯͿ ;ϱϴ͘ϵйͿϰͲϮϭϬϬE&/d^ͲKDZ^ϭϬϴ͕Ϭϱϴ ϭϬϰ͕Ϭϴϱ ϭϭϬ͕ϳϯϭϭϬϱ͕ϰϲϲ ϭϬϲ͕ϭϬϲϲϰϬ Ϭ͘ϲй ϲ͕ϲϰϲ ϲ͘ϰйϰͲϮϭϬϭE&/d^Ͳ,dϮϮ͕ϰϬϱ ϮϮ͕Ϯϭϯ Ϯϰ͕ϭϱϰϮϯ͕ϭϰϲ Ϯϯ͕ϯϱϰϮϬϴ Ϭ͘ϵй ϭ͕ϵϰϭ ϴ͘ϳйϰͲϮϭϬϮE&/d^Ͳt^/ϵ͕ϲϮϴ ϴ͕ϰϬϯ ϵ͕ϭϭϮϴ͕ϵϬϮ ϴ͕ϵϴϮϴϬ Ϭ͘ϵй ϳϬϵ ϴ͘ϰйϰͲϮϭϬϯE&/d^ͲWWϰϮ͕Ϭϭϵ ϰϮ͕ϲϱϳ ϰϱ͕ϱϳϮϰϱ͕ϰϵϳ ϰϲ͕ϭϴϴϲϵϭ ϭ͘ϱй Ϯ͕ϵϭϱ ϲ͘ϴйϰͲϮϭϬϰE&/d^Ͳ/ϮϮ͕ϭϵϲ ϮϮ͕ϳϲϰ Ϯϭ͕ϭϮϰϮϰ͕ϳϮϳ ϮϮ͕ϯϬϬ;Ϯ͕ϰϮϳͿ ;ϵ͘ϴйͿ ;ϭ͕ϲϰϬͿ ;ϳ͘ϮйͿϰͲϮϭϬϱE&/d^ͲEd>Ϯϰ͕ϴϵϮ ϮϮ͕ϯϵϴ Ϯϯ͕ϬϭϬϮϵ͕Ϭϭϭ Ϯϳ͕ϯϲϬ;ϭ͕ϲϱϭͿ ;ϱ͘ϳйͿ ϲϭϮ Ϯ͘ϳйϰͲϮϭϬϲE&/d^Ͳ,>d,ϰϯ͕ϲϮϭ ϰϮ͕ϰϰϮ ϰϯ͕Ϭϭϵϰϱ͕Ϭϲϭ ϰϲ͕ϳϵϬϭ͕ϳϮϵ ϯ͘ϴй ϱϳϳ ϭ͘ϰйϰͲϮϭϬϳE&/d^Ͳ>dͬϭϲ͕ϱϭϴ ϭϱ͕ϮϮϭ ϭϲ͕ϯϴϱϭϳ͕ϳϭϱ ϭϵ͕ϲϬϭϭ͕ϴϴϲ ϭϬ͘ϲй ϭ͕ϭϲϰ ϳ͘ϲйϰͲϮϭϬϴE&/d^ͲKd,Zϰ͕ϲϵϲ ϰ͕ϯϭϲ ϰ͕ϲϳϰϰ͕ϵϮϯ ϱ͕ϰϱϳϱϯϰ ϭϬ͘ϴй ϯϱϴ ϴ͘ϯйϰͲϮϮϬϬt'ZKsZz;ϵϱϰͿ ;ϯ͕ϰϳϵͿͲͲͲͲͲϯ͕ϰϳϵϭϬϬ͘ϬйdKd>^>Z/^ΘE&/d^ϭ͕ϰϯϬ͕ϯϭϰ ϭ͕ϰϱϴ͕ϲϭϰ ϭ͕ϱϮϰ͕ϵϴϭ ϭ͕ϱϯϳ͕ϵϴϳ ϭ͕ϱϭϬ͕ϰϵϭ;Ϯϳ͕ϰϵϲͿ;ϭ͘ϴйͿϲϲ͕ϯϲϳϰ͘ϲйϰͲϰϬϭϬ>Kd,/E'>>KtEͲ ϲ͕ϵϮϯ ϭϯ͕ϴϲϮϭϱ͕ϬϬϬ ϭϬ͕ϬϬϬ;ϱ͕ϬϬϬͿ ;ϯϯ͘ϯйͿ ϲ͕ϵϯϵ ϭϬϬ͘ϮйϰͲϰϬϭϯhd/>/d/^ϱϱϬ͕ϲϰϬ ϱϭϳ͕ϱϱϯ ϯϴϵ͕ϭϳϳϮϮϬ͕ϬϬϬ ϰϬϬ͕ϬϬϬϭϴϬ͕ϬϬϬ ϴϭ͘ϴй;ϭϮϴ͕ϯϳϲͿ ;Ϯϰ͘ϴйͿϰͲϰϬϭϱKWZd/E'DdZ/>^Ϯϴϱ͕Ϭϰϴ ϯϱϮ͕ϰϭϴ ϳϯϬ͕ϯϴϭϯϱϮ͕ϵϬϬ ϯϲϯ͕ϬϬϬϭϬ͕ϭϬϬ Ϯ͘ϵйϯϳϳ͕ϵϲϯ ϭϬϳ͘ϮйϰͲϱϬϱϵKEdZd^ϭ͕ϱϱϳ͕ϴϱϰ ϭ͕ϯϵϴ͕ϴϬϰ ϭ͕ϱϭϬ͕ϲϰϰϭ͕ϱϲϬ͕ϳϱϬ ϭ͕ϱϭϰ͕ϵϯϬ;ϰϱ͕ϴϮϬͿ ;Ϯ͘ϵйͿ ϭϭϭ͕ϴϰϬ ϴ͘ϬйϰͲϲϬϬϬW/d>>KEZWzDEdͲ ϭϰϲ͕ϯϮϬ Ϯϵϳ͕ϲϴϲϮϵϳ͕ϲϴϲ ϯϬϰ͕ϱϰϮϲ͕ϴϱϲ Ϯ͘ϯйϭϱϭ͕ϯϲϲ ϭϬϯ͘ϰйϰͲϲϬϬϭE<,Z'^Ͳ ϰϭ͕ϵϮϯ ϲϵ͕ϳϴϱϲϵ͕ϳϴϱ ϲϮ͕ϵϯϬ;ϲ͕ϴϱϱͿ ;ϵ͘ϴйͿϮϳ͕ϴϲϮ ϲϲ͘ϱйϰͲϴϬϬϯKEdZ/hd/KE^dK/^Zd/KEZzZ^Zs^ϰ͕ϳϭϭ ϰ͕ϳϭϭ ϰ͕ϳϭϭϰ͕ϳϭϭ ϰ͕ϳϭϭͲͲ ͲͲdKd>Kd,ZyWE^^ Ϯ͕ϯϵϴ͕Ϯϱϯ Ϯ͕ϰϲϴ͕ϲϱϮ ϯ͕Ϭϭϲ͕Ϯϰϲ Ϯ͕ϱϮϬ͕ϴϯϮ Ϯ͕ϲϲϬ͕ϭϭϯ ϭϯϵ͕Ϯϴϭ ϱ͘ϱй ϱϰϳ͕ϱϵϰ ϮϮ͘ϮйdKd>yWE^^ ϯ͕ϴϮϴ͕ϱϲϳ ϯ͕ϵϮϳ͕Ϯϲϲ ϰ͕ϱϰϭ͕ϮϮϳ ϰ͕Ϭϱϴ͕ϴϭϵ ϰ͕ϭϳϬ͕ϲϬϰ ϭϭϭ͕ϳϴϱ Ϯ͘ϴй ϲϭϯ͕ϵϲϭ ϭϱ͘ϲйEdh'd ϯ͕ϳϬϳ͕ϯϲϮ ϯ͕ϴϵϯ͕ϲϯϰ ϰ͕ϰϵϭ͕Ϯϰϲ ϰ͕ϬϭϬ͕ϴϭϵ ϰ͕Ϭϲϴ͕ϲϬϰ ϱϳ͕ϳϴϱ ϭ͘ϰйϱϵϳ͕ϲϭϮϭϱ͘ϯйŽůůĂƌŚĂŶŐĞх нͬͲ ΨϮϬ͕ϬϬϬEWĞƌĐĞŶƚĂŐĞŚĂŶŐĞхнͬͲ ϭϬй Finance Advisory Committee Meeting Agenda Wednesday, April 25, 2018 Item 1 Page 7 of 13 ϮϬϭϱ ϮϬϭϲ ϮϬϭϳϮϬϭϳ ϮϬϭϴϮϬϭϴǀƐ ϮϬϭϴǀƐ ϮϬϭϳǀƐ ϮϬϭϳǀƐ&ƵůůzĞĂƌ &ƵůůzĞĂƌ &ƵůůzĞĂƌƉƉƌŽǀĞĚ ƉƉƌŽǀĞĚϮϬϭϳƵĚŐĞƚ ϮϬϭϳƵĚŐĞƚϮϬϭϲĐƚƵĂůϮϬϭϲĐƚƵĂůĐƚƵĂůƐ ĐƚƵĂůƐ ĐƚƵĂůƐƵĚŐĞƚ ƵĚŐĞƚ/ŶĐƌĞĂƐĞͬ;ĞĐƌĞĂƐĞͿ /ŶĐƌĞĂƐĞͬ;ĞĐƌĞĂƐĞͿ /ŶĐƌĞĂƐĞͬ;ĞĐƌĞĂƐĞͿ/ŶĐƌĞĂƐĞͬ;ĞĐƌĞĂƐĞͿZsEh͗ϯͲϭϮϬϭKd,Z;ϭϯ͕ϭϬϯͿ ;ϭϬ͕ϯϲϯͿ ;ϭϯ͕ϱϬϯͿ;ϭϯ͕ϬϬϬͿ ;ϭϯ͕ϬϬϬͿͲ Ͳ ϯ͕ϭϰϬ ϯϬ͘ϯйdŽƚĂůZĞǀĞŶƵĞ ;ϭϯ͕ϭϬϯͿ ;ϭϬ͕ϯϲϯͿ ;ϭϯ͕ϱϬϯͿ ;ϭϯ͕ϬϬϬͿ ;ϭϯ͕ϬϬϬͿ Ͳ Ͳ ϯ͕ϭϰϬ ϯϬ͘ϯйyWE^͗ϰͲϮϬϬϬ^>Z/^Ͳ&ͬdϮϵϲ͕ϱϵϭ Ϯϱϯ͕ϬϯϬ Ϯϯϳ͕ϴϳϭϯϯϰ͕ϵϭϮ ϯϯϴ͕Ϭϳϵϯ͕ϭϲϳ Ϭ͘ϵй ;ϭϱ͕ϭϱϵͿ ;ϲ͘ϬйͿϰͲϮϬϬϭ^>Z/^ͲKͬdϭϵ͕ϵϱϱ ϰϬ͕ϯϳϬ Ϯϰ͕ϵϱϱϭϰ͕ϬϬϬ ϭϰ͕ϬϬϬͲ Ͳ ;ϭϱ͕ϰϭϱͿ ;ϯϴ͘ϮйͿϰͲϮϬϬϮ^>Z/^ͲWͬdϲϰ͕ϯϯϲ ϰϰ͕ϵϱϳ ϱϵ͕ϱϲϵϲϮ͕ϱϭϬ ϲϰ͕ϳϴϴϮ͕Ϯϳϴ ϯ͘ϲй ϭϰ͕ϲϭϮ ϯϮ͘ϱйϰͲϮϬϬϰ^/<WzͲϯϮϳͲͲͲͲͲ;ϯϮϳͿ;ϭϬϬ͘ϬйͿϰͲϮϬϵϬzZEZh>^ϴϳϱ ;ϴϳϱͿͲͲͲͲͲϴϳϱϭϬϬ͘ϬйϰͲϮϭϬϬE&/d^ͲKDZ^ϯϯ͕ϱϳϬ ϭϳ͕Ϯϵϭ Ϯϯ͕ϲϵϭϯϮ͕ϲϱϳ ϯϮ͕ϴϲϰϮϬϳ Ϭ͘ϲй ϲ͕ϰϬϬ ϯϳ͘ϬйϰͲϮϭϬϭE&/d^Ͳ,dϳ͕ϯϰϰ ϯ͕ϳϰϭ ϲ͕Ϭϯϱϳ͕ϵϳϲ ϴ͕Ϭϱϳϴϭ ϭ͘Ϭй Ϯ͕Ϯϵϰ ϲϭ͘ϯйϰͲϮϭϬϮE&/d^Ͳt^/ϯ͕ϲϯϯ ϭ͕ϰϯϵ Ϯ͕ϮϲϬϯ͕Ϭϲϳ ϯ͕ϬϵϵϯϮ ϭ͘Ϭй ϴϮϭ ϱϳ͘ϭйϰͲϮϭϬϯE&/d^ͲWWϭϰ͕ϰϲϲ ϴ͕ϵϴϲ ϭϮ͕ϭϮϯϭϲ͕ϰϲϮ ϭϲ͕ϳϰϰϮϴϮ ϭ͘ϳй ϯ͕ϭϯϳ ϯϰ͘ϵйϰͲϮϭϬϰE&/d^Ͳ/ϳ͕ϳϳϰ ϱ͕Ϭϯϭ ϱ͕ϳϴϱϴ͕ϵϱϳ ϴ͕ϮϬϱ;ϳϱϮͿ ;ϴ͘ϰйͿ ϳϱϰ ϭϱ͘ϬйϰͲϮϭϬϱE&/d^ͲEd>ϲ͕ϱϰϳ ϰ͕ϯϲϬ ϯ͕ϯϳϳϵ͕ϵϰϬ ϵ͕ϯϳϰ;ϱϲϲͿ ;ϱ͘ϳйͿ ;ϵϴϯͿ ;ϮϮ͘ϱйͿϰͲϮϭϬϲE&/d^Ͳ,>d,ϭϭ͕ϳϮϯ ϳ͕ϯϳϲ ϲ͕ϳϯϯϭϱ͕ϰϰϬ ϭϲ͕ϬϯϮϱϵϮ ϯ͘ϴй ;ϲϰϯͿ ;ϴ͘ϳйͿϰͲϮϭϬϳE&/d^Ͳ>dͬϰ͕ϮϴϮ Ϯ͕ϰϱϯ Ϯ͕ϳϬϱϱ͕ϰϴϰ ϲ͕ϬϳϬϱϴϲ ϭϬ͘ϳй ϮϱϮ ϭϬ͘ϯйϰͲϮϭϬϴE&/d^ͲKd,Zϭ͕ϮϲϲϳϮϬϳϵϰϭ͕ϱϳϮ ϭ͕ϳϰϰϭϳϮϭϬ͘ϵйϳϰϭϬ͘ϯйdKd>^>Z/^ΘE&/d^ϰϳϮ͕ϯϲϮ ϯϴϵ͕ϮϬϲ ϯϴϱ͕ϴϵϴ ϱϭϮ͕ϵϳϳ ϱϭϵ͕Ϭϱϲϲ͕Ϭϳϵϭ͘Ϯй;ϯ͕ϯϬϴͿ;Ϭ͘ϴйͿϰͲϰϬϭϱKWZd/E'DdZ/>^ϮϬϳ͕ϴϳϲ Ϯϴϰ͕ϰϭϭ ϲϰϲ͕ϯϰϴϮϲϬ͕ϬϬϬ ϮϴϬ͕ϬϬϬϮϬ͕ϬϬϬ ϳ͘ϳйϯϲϭ͕ϵϯϳ ϭϮϳ͘ϯйϰͲϱϬϱϵKEdZd^ϲϰϱ͕Ϯϱϰ ϳϯϱ͕ϵϱϳ ϳϬϬ͕ϳϯϵϳϵϵ͕ϬϬϬ ϳϭϬ͕ϬϬϬ;ϴϵ͕ϬϬϬͿ ;ϭϭ͘ϭйͿ ;ϯϱ͕ϮϭϴͿ ;ϰ͘ϴйͿϰͲϴϬϬϯKEdZ/hd/KE^dK/^Zd/KEZzZ^Zs^ϰ͕ϳϭϭ ϰ͕ϳϭϭ ϰ͕ϳϭϭϰ͕ϳϭϭ ϰ͕ϳϭϭͲͲ ͲͲdKd>Kd,ZyWE^^ ϴϱϳ͕ϴϰϭ ϭ͕ϬϮϱ͕Ϭϳϵ ϭ͕ϯϱϭ͕ϳϵϴ ϭ͕Ϭϲϯ͕ϳϭϭ ϵϵϰ͕ϳϭϭ ;ϲϵ͕ϬϬϬͿ ;ϲ͘ϱйͿ ϯϮϲ͕ϳϭϵ ϯϭ͘ϵйdKd>yWE^^ ϭ͕ϯϯϬ͕ϮϬϯ ϭ͕ϰϭϰ͕Ϯϴϱ ϭ͕ϳϯϳ͕ϲϵϲ ϭ͕ϱϳϲ͕ϲϴϴ ϭ͕ϱϭϯ͕ϳϲϳ ;ϲϮ͕ϵϮϭͿ;ϰ͘ϬйͿϯϮϯ͕ϰϭϭϮϮ͘ϵйEdh'dϭ͕ϯϭϳ͕ϭϬϬ ϭ͕ϰϬϯ͕ϵϮϮ ϭ͕ϳϮϰ͕ϭϵϯ ϭ͕ϱϲϯ͕ϲϴϴ ϭ͕ϱϬϬ͕ϳϲϳ;ϲϮ͕ϵϮϭͿ;ϰ͘ϬйͿϯϮϬ͕ϮϳϭϮϮ͘ϴйŽůůĂƌŚĂŶŐĞх нͬͲ ΨϮϬ͕ϬϬϬEWĞƌĐĞŶƚĂŐĞŚĂŶŐĞхнͬͲ ϭϬй Finance Advisory Committee Meeting Agenda Wednesday, April 25, 2018 Item 1 Page 8 of 13 ϮϬϭϱ ϮϬϭϲ ϮϬϭϳϮϬϭϳ ϮϬϭϴϮϬϭϴǀƐ ϮϬϭϴǀƐ ϮϬϭϳǀƐ ϮϬϭϳǀƐ&ƵůůzĞĂƌ &ƵůůzĞĂƌ &ƵůůzĞĂƌƉƉƌŽǀĞĚ ƉƉƌŽǀĞĚϮϬϭϳƵĚŐĞƚ ϮϬϭϳƵĚŐĞƚϮϬϭϲĐƚƵĂůϮϬϭϲĐƚƵĂůĐƚƵĂůƐ ĐƚƵĂůƐ ĐƚƵĂůƐƵĚŐĞƚ ƵĚŐĞƚ/ŶĐƌĞĂƐĞͬ;ĞĐƌĞĂƐĞͿ /ŶĐƌĞĂƐĞͬ;ĞĐƌĞĂƐĞͿ /ŶĐƌĞĂƐĞͬ;ĞĐƌĞĂƐĞͿ/ŶĐƌĞĂƐĞͬ;ĞĐƌĞĂƐĞͿZsEh͗ϯͲϭϮϬϭKd,Z;Ϯ͕ϰϱϮͿ ;ϭϭ͕ϱϬϬͿ ;ϮϬ͕ϲϲϵͿ;ϱ͕ϬϬϬͿ ;ϱϵ͕ϬϬϬͿϱϰ͕ϬϬϬ ϭ͕ϬϴϬ͘Ϭй ϵ͕ϭϲϵ ϳϵ͘ϳйdŽƚĂůZĞǀĞŶƵĞ ;Ϯ͕ϰϱϮͿ ;ϭϭ͕ϱϬϬͿ ;ϮϬ͕ϲϲϵͿ ;ϱ͕ϬϬϬͿ ;ϱϵ͕ϬϬϬͿ ϱϰ͕ϬϬϬ ϭ͕ϬϴϬ͘Ϭй ϵ͕ϭϲϵ ϳϵ͘ϳйyWE^͗ϰͲϮϬϬϬ^>Z/^Ͳ&ͬdϲϵϰ͕ϲϴϳ ϳϯϯ͕ϯϴϰ ϳϵϰ͕ϵϬϰϳϮϲ͕ϵϱϴ ϲϴϵ͕ϵϲϯ;ϯϲ͕ϵϵϱͿ ;ϱ͘ϭйͿ ϲϭ͕ϱϮϬ ϴ͘ϰйϰͲϮϬϬϭ^>Z/^ͲKͬdϮϵ͕ϯϮϲ Ϯϱ͕ϰϴϬ ϮϬ͕ϭϭϬϭϰ͕ϬϬϬ ϭϰ͕ϬϬϬͲ Ͳ ;ϱ͕ϯϳϬͿ ;Ϯϭ͘ϭйͿϰͲϮϬϬϮ^>Z/^ͲWͬdϭϵϰ Ϯϭ͕ϴϬϮ ϱϬ͕ϴϯϮϮϰ͕ϲϲϯ Ϯϱ͕ϱϲϮϴϵϵ ϯ͘ϲйϮϵ͕ϬϯϬ ϭϯϯ͘ϮйϰͲϮϬϬϯsd/KEWzͲ ϯ͕ϱϮϱͲͲͲͲͲ;ϯ͕ϱϮϱͿ;ϭϬϬ͘ϬйͿϰͲϮϬϬϰ^/<WzͲϭϲϲͲͲͲͲͲ;ϭϲϲͿ;ϭϬϬ͘ϬйͿϰͲϮϬϬϱ>/hd/DͲ ϭ͕ϰϴϳͲͲͲͲͲ;ϭ͕ϰϴϳͿ;ϭϬϬ͘ϬйͿϰͲϮϬϵϬzZEZh>^;ϭϭ͕ϳϬϲͿ ϴ͕ϴϬϴ ϯ͕ϮϲϬͲͲͲ Ͳ ;ϱ͕ϱϰϴͿ ;ϲϯ͘ϬйͿϰͲϮϭϬϬE&/d^ͲKDZ^ϳϬ͕ϭϬϭ ϴϰ͕ϰϲϭ ϴϯ͕ϰϱϵϲϴ͕ϰϲϭ ϲϴ͕ϴϭϳϯϱϲ Ϭ͘ϱй ;ϭ͕ϬϬϮͿ ;ϭ͘ϮйͿϰͲϮϭϬϭE&/d^Ͳ,dϭϰ͕ϮϮϭ ϭϳ͕ϵϵϱ ϭϳ͕ϰϮϮϭϰ͕Ϭϴϵ ϭϰ͕ϭϵϴϭϬϵ Ϭ͘ϴй ;ϱϳϯͿ ;ϯ͘ϮйͿϰͲϮϭϬϮE&/d^Ͳt^/ϱ͕ϲϯϮ ϲ͕ϳϴϭ ϲ͕ϱϴϰϱ͕ϰϭϵ ϱ͕ϰϲϬϰϭ Ϭ͘ϴй ;ϭϵϳͿ ;Ϯ͘ϵйͿϰͲϮϭϬϯE&/d^ͲWWϮϲ͕ϭϰϭ ϯϮ͕ϳϲϱ ϯϮ͕ϭϬϳϮϳ͕ϱϭϬ Ϯϳ͕ϴϴϲϯϳϲ ϭ͘ϰй ;ϲϱϴͿ ;Ϯ͘ϬйͿϰͲϮϭϬϰE&/d^Ͳ/ϭϯ͕ϱϮϮ ϭϳ͕Ϭϴϵ ϭϰ͕ϱϴϱϭϰ͕ϱϵϵ ϭϮ͕ϵϳϭ;ϭ͕ϲϮϴͿ ;ϭϭ͘ϮйͿ ;Ϯ͕ϱϬϰͿ ;ϭϰ͘ϳйͿϰͲϮϭϬϱE&/d^ͲEd>ϭϳ͕ϳϴϭ ϭϳ͕ϴϴϯ ϭϵ͕ϮϵϬϭϴ͕ϰϬϴ ϭϳ͕ϯϲϬ;ϭ͕ϬϰϴͿ ;ϱ͘ϳйͿ ϭ͕ϰϬϳ ϳ͘ϵйϰͲϮϭϬϲE&/d^Ͳ,>d,ϯϬ͕ϵϱϯ ϯϰ͕ϴϬϴ ϯϱ͕ϲϯϲϮϴ͕ϱϵϮ Ϯϵ͕ϲϴϵϭ͕Ϭϵϳ ϯ͘ϴй ϴϮϴ Ϯ͘ϰйϰͲϮϭϬϳE&/d^Ͳ>dͬϭϭ͕ϳϰϲ ϭϮ͕ϲϯϮ ϭϯ͕ϯϯϭϭϭ͕ϲϵϳ ϭϮ͕ϵϯϱϭ͕Ϯϯϴ ϭϬ͘ϲй ϲϵϵ ϱ͘ϱйϰͲϮϭϬϴE&/d^ͲKd,Zϯ͕ϯϬϲ ϯ͕ϱϲϮ ϯ͕ϳϵϮϯ͕Ϯϭϯ ϯ͕ϱϱϵϯϰϲ ϭϬ͘ϴй ϮϯϬ ϲ͘ϱйϰͲϮϮϬϬt'ZKsZz;ϵϱϰͿ ;ϯ͕ϰϳϵͿͲͲͲͲͲϯ͕ϰϳϵϭϬϬ͘ϬйdKd>^>Z/^ΘE&/d^ϵϬϰ͕ϵϱϬ ϭ͕Ϭϭϵ͕ϭϰϵ ϭ͕Ϭϵϱ͕ϯϭϮ ϵϱϳ͕ϲϬϵ ϵϮϮ͕ϰϬϬ;ϯϱ͕ϮϬϵͿ;ϯ͘ϳйͿϳϲ͕ϭϲϯϳ͘ϱйϰͲϰϬϭϬ>Kd,/E'>>KtEͲ ϲ͕ϵϮϯ ϭϯ͕ϴϲϮϭϱ͕ϬϬϬ ϭϬ͕ϬϬϬ;ϱ͕ϬϬϬͿ ;ϯϯ͘ϯйͿ ϲ͕ϵϯϵ ϭϬϬ͘ϮйϰͲϰϬϭϱKWZd/E'DdZ/>^ϲϯ͕ϵϲϳ ϲϱ͕ϴϯϬ ϳϮ͕ϳϱϱϳϵ͕ϵϬϬ ϳϬ͕ϬϬϬ;ϵ͕ϵϬϬͿ ;ϭϮ͘ϰйͿ ϲ͕ϵϮϱ ϭϬ͘ϱйϰͲϱϬϱϵKEdZd^ϱϮϵ͕ϳϵϲ ϰϮϵ͕ϯϮϵ ϱϰϱ͕ϰϵϴϱϮϲ͕ϳϱϬ ϱϮϭ͕ϵϯϬ;ϰ͕ϴϮϬͿ ;Ϭ͘ϵйͿϭϭϲ͕ϭϲϵ Ϯϳ͘ϭйdKd>Kd,ZyWE^^ ϱϵϯ͕ϳϲϯ ϱϬϮ͕ϬϴϮ ϲϯϮ͕ϭϭϱ ϲϮϭ͕ϲϱϬ ϲϬϭ͕ϵϯϬ ;ϭϵ͕ϳϮϬͿ;ϯ͘ϮйͿ ϭϯϬ͕Ϭϯϯ Ϯϱ͘ϵйdKd>yWE^^ ϭ͕ϰϵϴ͕ϳϭϯ ϭ͕ϱϮϭ͕Ϯϯϭ ϭ͕ϳϮϳ͕ϰϮϳ ϭ͕ϱϳϵ͕Ϯϱϵ ϭ͕ϱϮϰ͕ϯϯϬ ;ϱϰ͕ϵϮϵͿ;ϯ͘ϱйͿϮϬϲ͕ϭϵϲϭϯ͘ϲйEdh'dϭ͕ϰϵϲ͕Ϯϲϭ ϭ͕ϱϬϵ͕ϳϯϭ ϭ͕ϳϬϲ͕ϳϱϴ ϭ͕ϱϳϰ͕Ϯϱϵ ϭ͕ϰϲϱ͕ϯϯϬ;ϭϬϴ͕ϵϮϵͿ;ϲ͘ϵйͿϭϵϳ͕ϬϮϳϭϯ͘ϭйŽůůĂƌŚĂŶŐĞх нͬͲ ΨϮϬ͕ϬϬϬEWĞƌĐĞŶƚĂŐĞŚĂŶŐĞхнͬͲ ϭϬй Finance Advisory Committee Meeting Agenda Wednesday, April 25, 2018 Item 1 Page 9 of 13 ϮϬϭϱ ϮϬϭϲ ϮϬϭϳϮϬϭϳ ϮϬϭϴϮϬϭϴǀƐ ϮϬϭϴǀƐ ϮϬϭϳǀƐ ϮϬϭϳǀƐ&ƵůůzĞĂƌ &ƵůůzĞĂƌ &ƵůůzĞĂƌƉƉƌŽǀĞĚ ƉƉƌŽǀĞĚϮϬϭϳƵĚŐĞƚ ϮϬϭϳƵĚŐĞƚϮϬϭϲĐƚƵĂůϮϬϭϲĐƚƵĂůĐƚƵĂůƐ ĐƚƵĂůƐ ĐƚƵĂůƐƵĚŐĞƚ ƵĚŐĞƚ/ŶĐƌĞĂƐĞͬ;ĞĐƌĞĂƐĞͿ /ŶĐƌĞĂƐĞͬ;ĞĐƌĞĂƐĞͿ /ŶĐƌĞĂƐĞͬ;ĞĐƌĞĂƐĞͿ/ŶĐƌĞĂƐĞͬ;ĞĐƌĞĂƐĞͿZsEh͗ϯͲϭϮϬϭKd,Z;ϯϱ͕ϲϱϭͿ ;ϭϭ͕ϳϲϵͿ ;ϭϱ͕ϴϬϵͿ;ϯϬ͕ϬϬϬͿ ;ϯϬ͕ϬϬϬͿͲ Ͳ ϰ͕ϬϰϬ ϯϰ͘ϯйϯͲϭϵϭϳE'/EZ/E'KEdZ/hd/KE;ϳϬ͕ϬϬϬͿͲͲͲͲͲͲ ͲͲdŽƚĂůZĞǀĞŶƵĞ;ϭϬϱ͕ϲϱϭͿ ;ϭϭ͕ϳϲϵͿ ;ϭϱ͕ϴϬϵͿ ;ϯϬ͕ϬϬϬͿ ;ϯϬ͕ϬϬϬͿͲͲϰ͕ϬϰϬϯϰ͘ϯйyWE^͗ϰͲϮϬϬϬ^>Z/^Ͳ&ͬdϮϱ͕ϵϭϯ Ϯϳ͕Ϯϭϰ ϭϴ͕ϰϳϵϮϵ͕ϰϳϭ Ϯϵ͕ϵϱϮϰϴϭ ϭ͘ϲй ;ϴ͕ϳϯϱͿ ;ϯϮ͘ϭйͿϰͲϮϬϬϮ^>Z/^ͲWͬdϭϳ͕Ϭϲϲ ϭϳ͕ϰϬϳ ϭϳ͕ϮϭϵϮϳ͕ϬϮϱ Ϯϴ͕ϬϬϵϵϴϰ ϯ͘ϲй ;ϭϴϴͿ ;ϭ͘ϭйͿϰͲϮϬϬϯsd/KEWzͲϯϰϲͲͲͲͲͲ;ϯϰϲͿ;ϭϬϬ͘ϬйͿϰͲϮϬϬϰ^/<WzͲϭϲϰͲͲͲͲͲ;ϭϲϰͿ;ϭϬϬ͘ϬйͿϰͲϮϭϬϬE&/d^ͲKDZ^ϰ͕ϯϴϳ Ϯ͕ϯϯϯ ϯ͕ϱϴϭϰ͕ϯϰϴ ϰ͕ϰϮϱϳϳ ϭ͘ϴй ϭ͕Ϯϰϴ ϱϯ͘ϱйϰͲϮϭϬϭE&/d^Ͳ,dϴϯϵϰϳϴϲϵϴϭ͕Ϭϴϭ ϭ͕ϭϬϬϭϵϭ͘ϴйϮϮϬϰϲ͘ϬйϰͲϮϭϬϮE&/d^Ͳt^/ϯϲϰϭϴϰϮϲϵϰϭϲϰϮϯϳϭ͘ϳйϴϱϰϲ͘ϮйϰͲϮϭϬϯE&/d^ͲWWϭ͕ϰϭϮϵϬϲ ϭ͕ϯϰϯϭ͕ϱϮϱ ϭ͕ϱϱϴϯϯϮ͘Ϯйϰϯϳϰϴ͘ϮйϰͲϮϭϬϰE&/d^Ͳ/ϵϬϭϲϰϰϳϱϰϭ͕ϭϳϮ ϭ͕ϭϮϱ;ϰϳͿ;ϰ͘ϬйͿϭϭϬϭϳ͘ϭйϰͲϮϭϬϱE&/d^ͲEd>ϱϲϱϭϱϰϯϰϯϲϲϯϲϮϱ;ϯϴͿ;ϱ͘ϳйͿϭϴϵϭϮϮ͘ϳйϰͲϮϭϬϲE&/d^Ͳ,>d,ϵϰϱϮϱϴϲϱϭϭ͕ϬϮϵ ϭ͕ϬϲϵϰϬϯ͘ϵйϯϵϯϭϱϮ͘ϯйϰͲϮϭϬϳE&/d^Ͳ>dͬϰϵϬϭϯϲϯϱϬϱϯϰϱϵϲϲϮϭϭ͘ϲйϮϭϰϭϱϳ͘ϰйϰͲϮϭϬϴE&/d^ͲKd,ZϭϮϰϯϰϴϴϭϯϴϭϱϱϭϳϭϮ͘ϯйϱϰϭϱϴ͘ϴйdKd>^>Z/^ΘE&/d^ϱϯ͕ϬϬϲ ϱϬ͕Ϯϱϴ ϰϯ͕ϳϳϱ ϲϳ͕ϰϬϮ ϲϵ͕Ϭϯϳϭ͕ϲϯϱϮ͘ϰй;ϲ͕ϰϴϯͿ;ϭϮ͘ϵйͿϰͲϰϬϭϯhd/>/d/^ϱϱϬ͕ϲϰϬ ϱϭϳ͕ϱϱϯ ϯϴϵ͕ϭϳϳϮϮϬ͕ϬϬϬ ϰϬϬ͕ϬϬϬϭϴϬ͕ϬϬϬ ϴϭ͘ϴй;ϭϮϴ͕ϯϳϲͿ ;Ϯϰ͘ϴйͿϰͲϰϬϭϱKWZd/E'DdZ/>^ϭϯ͕ϮϬϱ Ϯ͕ϭϳϴ ϭϭ͕Ϯϳϴϭϯ͕ϬϬϬ ϭϯ͕ϬϬϬͲ Ͳ ϵ͕ϭϬϬ ϰϭϳ͘ϴйϰͲϱϬϱϵKEdZd^ϯϴϮ͕ϴϬϱ Ϯϯϯ͕ϱϭϴ Ϯϲϰ͕ϰϬϳϮϯϱ͕ϬϬϬ Ϯϴϯ͕ϬϬϬϰϴ͕ϬϬϬ ϮϬ͘ϰйϯϬ͕ϴϴϵ ϭϯ͘ϮйϰͲϲϬϬϬW/d>>KEZWzDEdͲ ϭϰϲ͕ϯϮϬ Ϯϵϳ͕ϲϴϲϮϵϳ͕ϲϴϲ ϯϬϰ͕ϱϰϮϲ͕ϴϱϲ Ϯ͘ϯйϭϱϭ͕ϯϲϲ ϭϬϯ͘ϰйϰͲϲϬϬϭE<,Z'^Ͳ ϰϭ͕ϵϮϯ ϲϵ͕ϳϴϱϲϵ͕ϳϴϱ ϲϮ͕ϵϯϬ;ϲ͕ϴϱϱͿ ;ϵ͘ϴйͿϮϳ͕ϴϲϮ ϲϲ͘ϱйdKd>Kd,ZyWE^^ ϵϰϲ͕ϲϱϬ ϵϰϭ͕ϰϵϮ ϭ͕ϬϯϮ͕ϯϯϯ ϴϯϱ͕ϰϳϭ ϭ͕Ϭϲϯ͕ϰϳϮ ϮϮϴ͕ϬϬϭ Ϯϳ͘ϯй ϵϬ͕ϴϰϭ ϵ͘ϲйdKd>yWE^^ ϵϵϵ͕ϲϱϲ ϵϵϭ͕ϳϱϬ ϭ͕Ϭϳϲ͕ϭϬϴ ϵϬϮ͕ϴϳϯ ϭ͕ϭϯϮ͕ϱϬϵ ϮϮϵ͕ϲϯϲ Ϯϱ͘ϰй ϴϰ͕ϯϱϴ ϴ͘ϱйEdh'd ϴϵϰ͕ϬϬϱ ϵϳϵ͕ϵϴϭ ϭ͕ϬϲϬ͕Ϯϵϵ ϴϳϮ͕ϴϳϯ ϭ͕ϭϬϮ͕ϱϬϵ ϮϮϵ͕ϲϯϲ Ϯϲ͘ϯй ϴϬ͕ϯϭϴϴ͘ϮйŽůůĂƌŚĂŶŐĞх нͬͲ ΨϮϬ͕ϬϬϬEWĞƌĐĞŶƚĂŐĞŚĂŶŐĞхнͬͲ ϭϬй Finance Advisory Committee Meeting Agenda Wednesday, April 25, 2018 Item 1 Page 10 of 13 ϮϬϭϱ ϮϬϭϲ ϮϬϭϳϮϬϭϳ ϮϬϭϴϮϬϭϴǀƐ ϮϬϭϴǀƐ ϮϬϭϳǀƐ ϮϬϭϳǀƐ&ƵůůzĞĂƌ &ƵůůzĞĂƌ &ƵůůzĞĂƌƉƉƌŽǀĞĚ ƉƉƌŽǀĞĚϮϬϭϳƵĚŐĞƚ ϮϬϭϳƵĚŐĞƚϮϬϭϲĐƚƵĂůϮϬϭϲĐƚƵĂůĐƚƵĂůƐ ĐƚƵĂůƐ ĐƚƵĂůƐƵĚŐĞƚ ƵĚŐĞƚ/ŶĐƌĞĂƐĞͬ;ĞĐƌĞĂƐĞͿ /ŶĐƌĞĂƐĞͬ;ĞĐƌĞĂƐĞͿ /ŶĐƌĞĂƐĞͬ;ĞĐƌĞĂƐĞͿ/ŶĐƌĞĂƐĞͬ;ĞĐƌĞĂƐĞͿZsEh͗ϯͲϭϮϬϭKd,Z;ϰϮ͕ϰϴϵͿ ;ϰϰ͕ϵϰϯͿ ;ϱϯ͕ϱϮϭͿ;ϰϯ͕ϬϬϬͿ ;ϰϯ͕ϬϬϬͿͲ Ͳ ϴ͕ϱϳϴ ϭϵ͘ϭйϯͲϭϮϬϱ^>^;ϭ͕ϴϬϵͿ ;Ϯ͕ϬϮϯͿ ;Ϯ͕ϵϴϳͿ;ϯ͕ϬϬϬͿ ;ϯ͕ϬϬϬͿͲ Ͳ ϵϲϰ ϰϳ͘ϳйϯͲϭϴϬϯKd,Z'ZEd^;Ϯϰϳ͕ϬϬϲͿ ;Ϯϰϰ͕ϯϯϰͿ ;Ϯϯϳ͕ϬϲϭͿ;ϮϲϬ͕ϬϬϬͿ ;ϮϲϬ͕ϬϬϬͿͲ Ͳ ;ϳ͕ϮϳϯͿ ;ϯ͘ϬйͿdŽƚĂůZĞǀĞŶƵĞ ;Ϯϵϭ͕ϯϬϰͿ ;Ϯϵϭ͕ϯϬϬͿ ;Ϯϵϯ͕ϱϲϵͿ ;ϯϬϲ͕ϬϬϬͿ ;ϯϬϲ͕ϬϬϬͿ Ͳ Ͳ Ϯ͕Ϯϲϵ Ϭ͘ϴйyWE^͗ϰͲϮϬϬϬ^>Z/^Ͳ&ͬdϵϮ͕Ϭϵϵ Ϯϯ͕ϭϴϱ ϴϭ͕ϱϴϬϴϲ͕ϴϬϮ ϴϴ͕ϵϭϭϮ͕ϭϬϵ Ϯ͘ϰйϱϴ͕ϯϵϱ Ϯϱϭ͘ϵйϰͲϮϬϬϭ^>Z/^ͲKͬdϮ͕Ϯϯϯ ϭ͕ϳϭϬͲͲͲͲͲ;ϭ͕ϳϭϬͿ;ϭϬϬ͘ϬйͿϰͲϮϬϬϮ^>Z/^ͲWͬdϯϯϭϱϱ ϭϬ͕ϵϬϴͲͲͲͲϭϬ͕ϳϱϯϲ͕ϵϯϳ͘ϰйϰͲϮϬϵϬzZEZh>^ϭ͕ϮϳϬ ϱ͕ϴϰϯ ;ϭ͕ϳϵϰͿͲͲͲ Ͳ ;ϳ͕ϲϯϳͿ ;ϭϯϬ͘ϳйͿϰͲϮϭϬϬE&/d^ͲKDZ^ϵ͕ϭϯϮ ϭ͕ϭϰϰ ϲ͕ϱϴϮϴ͕ϵϮϲ ϵ͕ϭϵϭϮϲϱ ϯ͘Ϭй ϱ͕ϰϯϴ ϰϳϱ͘ϯйϰͲϮϭϬϭE&/d^Ͳ,dϭ͕ϴϱϲϯϲϵ ϭ͕ϳϴϱϭ͕ϲϵϯ ϭ͕ϳϯϰϰϭϮ͘ϰйϭ͕ϰϭϲϯϴϯ͘ϳйϰͲϮϭϬϮE&/d^Ͳt^/ϳϱϲϵϬϲϰϬϲϱϭϲϲϳϭϲϮ͘ϱйϱϱϬϲϭϭ͘ϭйϰͲϮϭϬϯE&/d^ͲWWϯ͕ϲϴϮϴϰϱ ϯ͕ϭϯϯϯ͕ϭϬϱ ϯ͕ϭϰϮϯϳϭ͘ϮйϮ͕ϮϴϴϮϳϬ͘ϴйϰͲϮϭϬϰE&/d^Ͳ/ϭ͕ϵϰϲϯϭϱ ϭ͕ϰϯϵϭ͕ϲϮϳ ϭ͕ϰϯϯ;ϭϵϰͿ;ϭϭ͘ϵйͿϭ͕ϭϮϰϯϱϲ͘ϴйϰͲϮϭϬϱE&/d^ͲEd>Ϯ͕ϱϰϮ ϭ͕ϰϰϭ Ϯ͕ϬϳϭϮ͕ϮϬϵ Ϯ͕Ϭϴϯ;ϭϮϲͿ ;ϱ͘ϳйͿ ϲϯϬ ϰϯ͘ϳйϰͲϮϭϬϲE&/d^Ͳ,>d,ϰ͕ϮϲϬ Ϯ͕ϲϯϱ ϯ͕ϱϰϭϯ͕ϰϯϭ ϯ͕ϱϲϯϭϯϮ ϯ͘ϴй ϵϬϲ ϯϰ͘ϰйϰͲϮϭϬϳE&/d^Ͳ>dͬϭ͕ϳϰϳϱϰϰ ϭ͕ϰϳϳϭ͕ϲϯϬ ϭ͕ϴϯϰϮϬϰϭϮ͘ϱйϵϯϯϭϳϭ͘ϱйϰͲϮϭϬϴE&/d^ͲKd,ZϰϱϵϱϮϰϯϳϳϰϬϳϰϱϵϱϮϭϮ͘ϴй;ϭϰϳͿ;Ϯϴ͘ϭйͿdKd>^>Z/^ΘE&/d^ϭϮϮ͕Ϭϭϱ ϯϴ͕ϴϬϬ ϭϭϭ͕ϳϯϵ ϭϭϬ͕ϰϴϭ ϭϭϯ͕ϬϭϳϮ͕ϱϯϲϮ͘ϯйϳϮ͕ϵϯϵϭϴϴ͘ϬйϰͲϰϬϭϱKWZd/E'DdZ/>^ϲϭ͕ϰϱϯ ϲϱ͕ϯϱϴ ϵϵ͕ϯϵϰϳϬ͕ϬϬϬ ϱϬ͕ϬϬϬ;ϮϬ͕ϬϬϬͿ ;Ϯϴ͘ϲйͿϯϰ͕Ϭϯϲ ϱϮ͘ϭйϰͲϰϬϱϵDzKZΖ^Ed/>/ddZDW/'Eϭϯϴ ϯ͕ϱϲϯ Ϯ͕Ϭϭϴϰ͕ϬϬϬ ϱ͕ϬϬϬϭ͕ϬϬϬ Ϯϱ͘Ϭй ;ϭ͕ϱϰϱͿ ;ϰϯ͘ϰйͿϰͲϱϬϰϮsZd/^/E'ϭϰ͕ϲϮϵ ϭϴ͕ϵϱϰ Ϯϰ͕ϰϭϯϮϲ͕ϬϬϬ Ϯϲ͕ϬϬϬͲ Ͳ ϱ͕ϰϱϵ Ϯϴ͘ϴйϰͲϱϬϱϵKEdZd^ϰϴϭ͕ϵϯϳ ϲϲϵ͕ϴϲϵ ϱϯϰ͕ϵϲϵϰϳϱ͕ϬϬϬ ϵϰϱ͕ϬϬϬϰϳϬ͕ϬϬϬ ϵϴ͘ϵй;ϭϯϰ͕ϵϬϬͿ ;ϮϬ͘ϭйͿϰͲϱϬϲϬK^dZKsZz;ϭϱϰͿ ;ϯ͕ϰϯϬͿ ;Ϯ͕ϬϬϴͿͲͲͲ Ͳ ϭ͕ϰϮϮ ϰϭ͘ϱйϰͲϱϬϲϮK>>d/KEKEdZd^ϭ͕ϯϯϭ͕ϯϴϰ ϭ͕ϭϲϮ͕Ϯϵϴ ϭ͕ϯϵϰ͕ϲϴϮϭ͕ϯϭϮ͕ϬϬϬ ϭ͕ϯϲϬ͕ϬϬϬϰϴ͕ϬϬϬ ϯ͘ϳйϮϯϮ͕ϯϴϰ ϮϬ͘ϬйdKd>Kd,ZyWE^^ ϭ͕ϴϴϵ͕ϯϴϳ ϭ͕ϵϭϲ͕ϲϭϮ Ϯ͕Ϭϱϯ͕ϰϲϴ ϭ͕ϴϴϳ͕ϬϬϬ Ϯ͕ϯϴϲ͕ϬϬϬ ϰϵϵ͕ϬϬϬ Ϯϲ͘ϰй ϭϯϲ͕ϴϱϲ ϳ͘ϭйdKd>yWE^^ Ϯ͕Ϭϭϭ͕ϰϬϮ ϭ͕ϵϱϱ͕ϰϭϮ Ϯ͕ϭϲϱ͕ϮϬϳ ϭ͕ϵϵϳ͕ϰϴϭ Ϯ͕ϰϵϵ͕Ϭϭϳ ϱϬϭ͕ϱϯϲ Ϯϱ͘ϭй ϮϬϵ͕ϳϵϱ ϭϬ͘ϳйEdh'd ϭ͕ϳϮϬ͕Ϭϵϴ ϭ͕ϲϲϰ͕ϭϭϮ ϭ͕ϴϳϭ͕ϲϯϴ ϭ͕ϲϵϭ͕ϰϴϭ Ϯ͕ϭϵϯ͕Ϭϭϳ ϱϬϭ͕ϱϯϲ Ϯϵ͘ϳйϮϬϳ͕ϱϮϲϭϮ͘ϱйŽůůĂƌŚĂŶŐĞх нͬͲ ΨϮϬ͕ϬϬϬEWĞƌĐĞŶƚĂŐĞŚĂŶŐĞхнͬͲ ϭϬй Finance Advisory Committee Meeting Agenda Wednesday, April 25, 2018 Item 1 Page 11 of 13 ϮϬϭϱ ϮϬϭϲ ϮϬϭϳϮϬϭϳ ϮϬϭϴϮϬϭϴǀƐ ϮϬϭϴǀƐ ϮϬϭϳǀƐ ϮϬϭϳǀƐ&ƵůůzĞĂƌ &ƵůůzĞĂƌ &ƵůůzĞĂƌƉƉƌŽǀĞĚ ƉƉƌŽǀĞĚϮϬϭϳƵĚŐĞƚ ϮϬϭϳƵĚŐĞƚϮϬϭϲĐƚƵĂůϮϬϭϲĐƚƵĂůĐƚƵĂůƐ ĐƚƵĂůƐ ĐƚƵĂůƐƵĚŐĞƚ ƵĚŐĞƚ/ŶĐƌĞĂƐĞͬ;ĞĐƌĞĂƐĞͿ /ŶĐƌĞĂƐĞͬ;ĞĐƌĞĂƐĞͿ /ŶĐƌĞĂƐĞͬ;ĞĐƌĞĂƐĞͿ/ŶĐƌĞĂƐĞͬ;ĞĐƌĞĂƐĞͿZsEh͗ϯͲϭϭϬϲ>E^W&^;ϯϲϵ͕ϰϵϮͿ ;ϳϱ͕ϯϱϯͿ ;ϭϲϭ͕ϮϭϳͿ;ϲϱ͕ϬϬϬͿ ;ϲϱ͕ϬϬϬͿͲͲϴϱ͕ϴϲϰ ϭϭϯ͘ϵйϯͲϭϮϬϭKd,Z;ϰϴ͕ϲϴϮͿ ;ϰϴ͕ϲϰϰͿ ;ϰϮ͕ϮϴϭͿ;ϯϵ͕ϬϬϬͿ ;ϯϵ͕ϬϬϬͿͲ Ͳ ;ϲ͕ϯϲϯͿ ;ϭϯ͘ϭйͿϯͲϭϮϬϲKEd/KE^Ͳ ;ϲϳϴͿ ;ϯϱϬͿͲͲͲ Ͳ ;ϯϮϴͿ ;ϰϴ͘ϰйͿϯͲϭϯϬϯ>>/DKEͬ^KZ&/>^;ϭϲϵ͕ϯϲϴͿ ;ϭϳϴ͕ϲϮϱͿ ;ϭϴϲ͕ϱϳϵͿ;ϭϲϰ͕ϯϴϭͿ ;ϭϲϰ͕ϯϴϭͿͲ Ͳ ϳ͕ϵϱϰ ϰ͘ϱйϯͲϭϯϬϰ'Z^^hdd/E';ϭϯϳ͕ϬϭϬͿͲͲͲͲͲͲ ͲͲϯͲϭϯϯϯKEdZ/hd/KE^&ZKDs>KWZ^;ϯϱϯ͕ϮϬϴͿ ;ϮϬϲ͕ϴϯϳͿ ;ϳϮ͕ϴϳϱͿͲͲͲͲ;ϭϯϯ͕ϵϲϮͿ ;ϲϰ͘ϴйͿϯͲϭϵϯϯ>E^W&Z^ZsKEdΖE;Ϯϭ͕ϯϬϬͿ ;ϭϳ͕ϴϳϮͿ ;ϭϱ͕ϴϴϱͿ;ϭϱ͕ϴϴϱͿ ;ϭϯ͕ϴϳϳͿ;Ϯ͕ϬϬϴͿ ;ϭϮ͘ϲйͿ ;ϭ͕ϵϴϳͿ ;ϭϭ͘ϭйͿϯͲϭϵϲϯWZ<^sΘ&KEdΖE;ϭϱϰ͕ϰϮϱͿ ;ϭϭϲ͕ϮϱϳͿ ;ϭϯϲ͕ϭϱϲͿ;ϭϯϲ͕ϭϱϲͿ ;ϭϭϱ͕ϲϰϬͿ;ϮϬ͕ϱϭϲͿ ;ϭϱ͘ϭйͿ ϭϵ͕ϴϵϵ ϭϳ͘ϭйdŽƚĂůZĞǀĞŶƵĞ ;ϭ͕Ϯϱϯ͕ϰϴϱͿ ;ϲϰϰ͕ϮϲϲͿ ;ϲϭϱ͕ϯϰϯͿ ;ϰϮϬ͕ϰϮϮͿ ;ϯϵϳ͕ϴϵϴͿ ;ϮϮ͕ϱϮϰͿ ;ϱ͘ϰйͿ ;Ϯϴ͕ϵϮϯͿ ;ϰ͘ϱйͿyWE^͗ϰͲϮϬϬϬ^>Z/^Ͳ&ͬdϭ͕ϭϳϮ͕ϵϰϵ ϭ͕ϰϳϱ͕ϲϮϴ ϭ͕ϭϴϵ͕ϵϭϱϭ͕ϮϱϮ͕ϵϰϴ ϭ͕ϮϴϬ͕ϯϱϲϮϳ͕ϰϬϴ Ϯ͘Ϯй;Ϯϴϱ͕ϳϭϯͿ ;ϭϵ͘ϰйͿϰͲϮϬϬϭ^>Z/^ͲKͬdϳϲ͕ϳϰϴ ϲϰ͕ϭϯϭ ϳϱ͕ϳϰϱϴϬ͕ϯϱϬ ϴϬ͕ϯϱϬͲ Ͳ ϭϭ͕ϲϭϰ ϭϴ͘ϭйϰͲϮϬϬϮ^>Z/^ͲWͬdϰϭϰ͕ϯϯϴ ϭϬϯ͕ϭϭϱ ϰϲϮ͕ϴϵϯϰϯϮ͕ϯϵϵ ϰϲϵ͕ϳϭϭϯϳ͕ϯϭϮ ϴ͘ϲйϯϱϵ͕ϳϳϴ ϯϰϴ͘ϵйϰͲϮϬϬϯsd/KEWzͲ ϭϱ͕ϭϯϱͲͲͲͲͲ;ϭϱ͕ϭϯϱͿ;ϭϬϬ͘ϬйͿϰͲϮϬϬϰ^/<WzͲ ϯ͕ϯϱϰͲͲͲͲͲ;ϯ͕ϯϱϰͿ;ϭϬϬ͘ϬйͿϰͲϮϬϵϬzZEZh>^ϯ͕ϲϵϵ ϭϱ͕ϳϭϵ ;ϭϬ͕ϳϬϭͿͲͲͲͲ;Ϯϲ͕ϰϮϬͿ ;ϭϲϴ͘ϭйͿϰͲϮϭϬϬE&/d^ͲKDZ^ϭϮϬ͕Ϯϱϲ ϭϭϯ͕ϳϯϭ ϭϮϲ͕ϱϳϮϭϮϯ͕ϳϲϮ ϭϯϭ͕ϮϮϳϳ͕ϰϲϱ ϲ͘Ϭй ϭϮ͕ϴϰϭ ϭϭ͘ϯйϰͲϮϭϬϭE&/d^Ͳ,dϯϮ͕ϰϳϲ ϯϭ͕ϰϬϭ ϯϯ͕ϲϰϵϯϯ͕ϭϳϮ ϯϱ͕ϭϳϰϮ͕ϬϬϮ ϲ͘Ϭй Ϯ͕Ϯϰϴ ϳ͘ϮйϰͲϮϭϬϮE&/d^Ͳt^/ϭϯ͕Ϭϳϯ ϭϭ͕ϳϲϬ ϭϮ͕ϰϱϴϭϮ͕ϳϱϴ ϭϯ͕ϱϮϵϳϳϭ ϲ͘Ϭй ϲϵϴ ϱ͘ϵйϰͲϮϭϬϯE&/d^ͲWWϲϭ͕ϰϱϲ ϲϬ͕ϲϯϳ ϲϰ͕ϱϴϲϲϯ͕ϮϬϬ ϲϳ͕ϯϬϰϰ͕ϭϬϰ ϲ͘ϱй ϯ͕ϵϰϵ ϲ͘ϱйϰͲϮϭϬϰE&/d^Ͳ/ϯϯ͕ϱϯϮ ϯϮ͕ϵϵϱ ϯϬ͕ϱϱϳϯϱ͕ϳϱϱ ϯϰ͕ϵϰϵ;ϴϬϲͿ ;Ϯ͘ϯйͿ ;Ϯ͕ϰϯϴͿ ;ϳ͘ϰйͿϰͲϮϭϬϱE&/d^ͲEd>Ϯϱ͕ϰϴϱ Ϯϯ͕ϲϯϮ Ϯϯ͕ϵϬϭϯϭ͕ϲϲϮ ϯϭ͕ϱϵϲ;ϲϲͿ ;Ϭ͘ϮйͿ Ϯϲϵ ϭ͘ϭйϰͲϮϭϬϲE&/d^Ͳ,>d,ϰϮ͕ϰϭϳ ϰϯ͕ϰϯϭ ϰϯ͕Ϭϭϰϰϵ͕ϭϳϵ ϱϰ͕Ϭϯϱϰ͕ϴϱϲ ϵ͘ϵй ;ϰϭϳͿ ;ϭ͘ϬйͿϰͲϮϭϬϳE&/d^Ͳ>dͬϭϵ͕ϲϭϳ ϭϵ͕ϯϳϲ ϭϴ͕ϴϴϰϮϬ͕ϱϴϱ Ϯϯ͕ϵϮϬϯ͕ϯϯϱ ϭϲ͘Ϯй ;ϰϵϮͿ ;Ϯ͘ϱйͿϰͲϮϭϬϴE&/d^ͲKd,Zϱ͕ϱϴϰ ϱ͕ϰϮϳ ϱ͕ϯϲϱϱ͕ϲϱϱ ϲ͕ϲϬϰϵϰϵ ϭϲ͘ϴй ;ϲϮͿ ;ϭ͘ϭйͿϰͲϮϮϬϬt'ZKsZzͲ ;ϮϴϲͿͲͲͲͲͲϮϴϲϭϬϬ͘ϬйdKd>^>Z/^ΘE&/d^Ϯ͕ϬϮϭ͕ϲϯϬ Ϯ͕Ϭϭϵ͕ϭϴϲ Ϯ͕Ϭϳϲ͕ϴϯϴ Ϯ͕ϭϰϭ͕ϰϮϱ Ϯ͕ϮϮϴ͕ϳϱϱϴϳ͕ϯϯϬϰ͘ϭйϱϳ͕ϲϱϮϮ͘ϵйϰͲϰϬϬϬK&&/^hWW>/^ϭ͕ϳϬϲ ϭ͕ϯϴϲ ϭ͕ϳϳϮϭ͕ϴϱϬ ϭ͕ϴϱϬͲ Ͳ ϯϴϲ Ϯϳ͘ϴйϰͲϰϬϬϵ^&dz^hWW>/^ϱ͕ϮϬϴ ϲ͕ϴϰϬ ϳ͕ϯϮϲϳ͕ϮϬϬ ϳ͕ϱϬϬϯϬϬ ϰ͘Ϯй ϰϴϲ ϳ͘ϭйϰͲϰϬϭϬ>Kd,/E'>>KtEϳ͕ϲϯϵ ϲ͕ϵϮϳ ϴ͕ϱϰϵϴ͕ϱϬϬ ϵ͕ϬϬϬϱϬϬ ϱ͘ϵй ϭ͕ϲϮϮ Ϯϯ͘ϰйϰͲϰϬϭϯhd/>/d/^ϮϭϮ͕ϱϴϱ ϴϲ͕ϯϰϯ ϲϵ͕ϬϱϳϱϬ͕ϬϬϬ ϲϴ͕ϯϭϭϭϴ͕ϯϭϭ ϯϲ͘ϲй ;ϭϳ͕ϮϴϲͿ ;ϮϬ͘ϬйͿϰͲϰϬϭϱKWZd/E'DdZ/>^ϲϵ͕ϳϮϰ ϱϳ͕ϵϯϱ ϲϱ͕ϰϱϴϱϴ͕ϬϬϬ ϲϰ͕ϬϬϬϲ͕ϬϬϬ ϭϬ͘ϯй ϳ͕ϱϮϯ ϭϯ͘ϬйϰͲϰϬϮϭYh/WDEdͲKd,Zϭϭ͕ϮϳϬ ϳ͕ϴϴϰ ϭϮ͕ϮϮϬϭϭ͕ϱϬϬ ϭϭ͕ϱϬϬͲ Ͳ ϰ͕ϯϯϲ ϱϱ͘ϬйϰͲϰϬϮϮdKK>^Ϯ͕Ϯϱϳ ϯ͕Ϯϲϲ Ϯ͕ϲϴϰϯ͕ϬϬϬ ϯ͕ϬϬϬͲ Ͳ ;ϱϴϮͿ ;ϭϳ͘ϴйͿŽůůĂƌŚĂŶŐĞх нͬͲ ΨϮϬ͕ϬϬϬEWĞƌĐĞŶƚĂŐĞŚĂŶŐĞхнͬͲ ϭϬй Finance Advisory Committee Meeting Agenda Wednesday, April 25, 2018 Item 1 Page 12 of 13 ϮϬϭϱ ϮϬϭϲ ϮϬϭϳϮϬϭϳ ϮϬϭϴϮϬϭϴǀƐ ϮϬϭϴǀƐ ϮϬϭϳǀƐ ϮϬϭϳǀƐ&ƵůůzĞĂƌ &ƵůůzĞĂƌ &ƵůůzĞĂƌƉƉƌŽǀĞĚ ƉƉƌŽǀĞĚϮϬϭϳƵĚŐĞƚ ϮϬϭϳƵĚŐĞƚϮϬϭϲĐƚƵĂůϮϬϭϲĐƚƵĂůĐƚƵĂůƐ ĐƚƵĂůƐ ĐƚƵĂůƐƵĚŐĞƚ ƵĚŐĞƚ/ŶĐƌĞĂƐĞͬ;ĞĐƌĞĂƐĞͿ /ŶĐƌĞĂƐĞͬ;ĞĐƌĞĂƐĞͿ /ŶĐƌĞĂƐĞͬ;ĞĐƌĞĂƐĞͿ/ŶĐƌĞĂƐĞͬ;ĞĐƌĞĂƐĞͿŽůůĂƌŚĂŶŐĞх нͬͲ ΨϮϬ͕ϬϬϬEWĞƌĐĞŶƚĂŐĞŚĂŶŐĞхнͬͲ ϭϬйϰͲϰϬϮϯWd,tzD/EdEEDdZ/>^ϰϬ͕ϵϰϮ ϭϱ͕ϰϱϱ ϯϵ͕ϱϯϳϰϮ͕ϯϬϬ ϰϮ͕ϯϬϬͲͲϮϰ͕ϬϴϮ ϭϱϱ͘ϴйϰͲϰϬϮϰ&EDdZ/>^ϰ͕ϯϴϵ ϲ͕ϯϱϳ ϵ͕ϮϱϮϭϭ͕ϬϬϬ ϭϭ͕ϬϬϬͲ Ͳ Ϯ͕ϴϵϱ ϰϱ͘ϱйϰͲϰϬϰϱDhE//W>h^/E^^ϰϲϬϳϰϮϳϲϵϰϱϬϰϱϬͲͲϮϳϯ͘ϲйϰͲϰϬϰϵ^/'E'ϰ͕ϯϮϮ ϭ͕ϱϮϴ ϰ͕ϲϰϵϱ͕ϬϬϬ ϱ͕ϬϬϬͲ Ͳ ϯ͕ϭϮϭ ϮϬϰ͘ϯйϰͲϰϬϱϬ&/>W/Edϭϲ͕Ϭϲϭ ϭϯ͕ϳϴϲ Ϯϭ͕ϲϲϭϭϳ͕ϬϬϬ ϭϴ͕ϬϬϬϭ͕ϬϬϬ ϱ͘ϵй ϳ͕ϴϳϱ ϱϳ͘ϭйϰͲϰϬϱϭ,KZd/h>dhZWZK'ZDϭϬ͕ϯϳϭ ϭϱ͕ϲϯϬ ϭϰ͕ϰϱϭϭϱ͕ϬϬϬ ϭϱ͕ϬϬϬͲ Ͳ ;ϭ͕ϭϳϵͿ ;ϳ͘ϱйͿϰͲϰϬϱϮ&Zdͬ'Z^^^ϭϱ͕ϵϯϵ ϭϳ͕ϰϴϵ ϭϳ͕ϲϮϯϯϯ͕ϬϬϬ ϯϯ͕ϬϬϬͲ Ͳ ϭϯϰ Ϭ͘ϴйϰͲϰϬϱϯWZ<>ͬ>/',d/E'ϭϴ͕ϴϵϴ ϭϲ͕ϲϱϭ ϭϲ͕ϯϴϴϭϰ͕ϬϬϬ ϭϰ͕ϬϬϬͲ Ͳ ;ϮϲϯͿ ;ϭ͘ϲйͿϰͲϰϬϱϰ/ZZ/'d/KEϰ͕Ϯϳϳ Ϯ͕ϰϰϳ ϭ͕ϭϯϵϱ͕ϭϬϬ ϱ͕ϭϬϬͲ Ͳ ;ϭ͕ϯϬϴͿ ;ϱϯ͘ϱйͿϰͲϱϬϮϲKhZ^^Θ^D/EZ^ϱ͕ϵϲϳ ϭ͕Ϯϳϳ ϱ͕ϵϲϭϲ͕ϲϬϬ ϲ͕ϲϬϬͲ Ͳ ϰ͕ϲϴϰ ϯϲϲ͘ϴйϰͲϱϬϮϴDDZ^,/W^ϭ͕ϲϳϰ Ϯ͕ϯϱϯϳϭϳϭ͕ϱϬϬ 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ϭϰ͘ϳйdKd>Kd,ZyWE^^ ϭ͕ϱϭϵ͕ϭϬϬ ϴϮϯ͕ϴϭϲ ϴϲϮ͕ϴϮϭ ϲϯϰ͕ϴϵϳ ϲϱϭ͕ϰϰϳ ϭϲ͕ϱϱϬϮ͘ϲй ϯϵ͕ϬϬϱ ϰ͘ϳйdKd>yWE^^ ϯ͕ϱϰϬ͕ϳϯϬ Ϯ͕ϴϰϯ͕ϬϬϮ Ϯ͕ϵϯϵ͕ϲϱϵ Ϯ͕ϳϳϲ͕ϯϮϮ Ϯ͕ϴϴϬ͕ϮϬϮ ϭϬϯ͕ϴϴϬ ϯ͘ϳй ϵϲ͕ϲϱϳ ϯ͘ϰйEdh'd Ϯ͕Ϯϴϳ͕Ϯϰϱ Ϯ͕ϭϵϴ͕ϳϯϲ Ϯ͕ϯϮϰ͕ϯϭϲ Ϯ͕ϯϱϱ͕ϵϬϬ Ϯ͕ϰϴϮ͕ϯϬϰ ϭϮϲ͕ϰϬϰ ϱ͘ϰй ϭϮϱ͕ϱϴϬ ϱ͘ϳй Finance Advisory Committee Meeting Agenda Wednesday, April 25, 2018 Item 1 Page 13 of 13 Page 1 of 1 5.Consent Agenda Moved by Councillor Thompson Seconded by Councillor Thom C1. General Committee Meeting Report of March 20, 2018 1.That the General Committee meeting report of March 20, 2018, be received and the following recommendations carried by the Committee approved: (C7) Finance Advisory Committee Meeting Minutes of January 24, 2018 1.That the Finance Advisory Committee meeting minutes of January 24, 2018, be received for information. Carried Extract from Council Meeting of Tuesday, March 27, 2018 Finance Advisory Committee Meeting Agenda Wednesday, April 25, 2018 Item 2 Page 1 of 1 Page 1 of 1 5. Consent Agenda Moved by Councillor Thom Seconded by Councillor Thompson C1. General Committee Meeting Report of April 3, 2018 1. That the General Committee meeting report of April 3, 2018, be received and the following recommendations carried by the Committee approved: C3. Finance Advisory Committee Meeting Minutes of February 28, 2018 1. That the Finance Advisory Committee meeting minutes of February 28, 2018, be received for information. Carried Extract from Council Meeting of Tuesday, April 10, 2018 Finance Advisory Committee Meeting Agenda Wednesday, April 25, 2018 Item 3 Page 1 of 1 Public Release April 24, 2018 Town of Aurora Additional Items to Finance Advisory Committee Meeting Agenda Wednesday, April 25, 2018 5:30 p.m., Holland Room • Item 4 – Memorandum from Director, Community Services Re: Pricing Policy for Recreation Services Memorandum Date: April 25, 2018 To: Finance Advisory Committee From: Robin McDougall, Director, Community Services Re: Pricing Policy for Recreation Services Recommendation 1. That the memorandum regarding Pricing Policy for Recreation Services be received; and 2. That the comments from the Finance Advisory Committee be received and referred to staff for consideration and action as appropriate. Background The Town of Aurora is undertaking a review of the Pricing Policy for Recreation Programs and Services (current policy was adopted in 2009). Council requested that the Parks, Recreation and Cultural Services Advisory Committee (PRCSAC) and the Finance Advisory Committee (FAC) consider and provide input for the review. Staff presented information at the PRCSAC meeting on April 19, 2018. The attachments will provide some details of the current program cost recovery, as well as an overview of some pricing studies completed in other municipalities. This overview includes an outline of the common themes that were included in their pricing policies, such as; societal benefits, comparative pricing and service trends. Additional information will be brought forward during the meeting for discussion. The 2009 policy requires updating; staff will discuss the option to hire a consultant to complete the pricing policy and will be seeking the Committee’s input. 100 John West Way Box 1000 Aurora, Ontario L4G 6J1 Phone: 905-727-3123 ext. 4747 Email: rmcdougall@aurora.ca www.aurora.ca Town of Aurora Community Services Additional Items to Finance Advisory Committee Meeting Agenda Wednesday, April 25, 2018 Item 4 Page 1 of 10 Pricing Policy for Recreation Services April 25, 2018 Page 2 of 2 Attachments Attachment No. 1 – Recreation Program Cost Recovery Attachment No. 2 – Notes on Town of Aurora Pricing Study Attachment No. 3 – Town of Aurora’s Pricing Policy (2009) Additional Items to Finance Advisory Committee Meeting Agenda Wednesday, April 25, 2018 Item 4 Page 2 of 10 Program Name Expenses/Operating Costs Revenue Actual Cost Recovery Percentage Recommended Cost Recovery Target in Current Policy Intro/General preschool program $687 per 10 classes, 1 hour per week (included indirect expenses of 25%) $540 based on minimum 6 participants 68%minimum 30% Intro/General children program $496 per 10 classes, 1 hour per week (includes indirect expenses of 25%) $570 based on minimum 6 participants more than 100% minimum 30% Intermediate/Holiday preschool $136 per 1 hour class (includes indirect expenses of 25%) $72 based on minimum 6 participants 51%minimum 55% Red Cross swim lessons $245 per 10 classes, once per week (includes indirect expenses of 50%) $275 based on minimum 4 participants more than 100% minimum 30% Aquafit Class $396 per 10 classes, once per week (includes indirect expense of 50%) $456 based on minimum 6 participants more than 100% minimum 30% Intermediate/Holiday children program $731 per 8 classes, 1 hour per week (includes indirect expense of 25%) $636 based on minimum 6 participants 85%minimum 55% Advanced/Speciality children program $1,725 per 8 classes, 1 hour per week (includes indirect expense of 25%) $1,740 based on minimum 6 participants more than 100% minimum 75% Advanced/Speciality adult program $770 per 6 classes, 1 hour per week (includes indirect expense of 25%) $720 based on minimum 6 participants 93%minimum 75% Note: Indirect expenses include facility operating and maintenance costs, customer service support costs, utilities, full-time program costs, capital maintenance/replacement. They are calculated (using the percentage indicated) once the direct costs have been determined. Recreation Program Cost Recovery Attachment No. 1 Additional Items to Finance Advisory Committee Meeting Agenda Wednesday, April 25, 2018Item 4 Page 3 of 10 Attachment No. 2 Notes on Town of Aurora pricing study: -Several pricing studies were looked at including those from the City of Edmonton, City of Windsor, Town of Oakville, the City of Pickering, Town of Richmond Hill, Township of Kind and the City of Mississauga. There were some common themes between all including: • Societal benefit – this subscribes to the notion that recreation activities yield varying degrees of benefit to both individuals and the overall community. Some activities provide more individual benefit and others provide a benefit to the community as a whole, even when the community as a whole does not participate in the activity. A “learn to swim” program contributes to an individual’s skill development, as well as health. The broader community also benefits through the promotion of aquatic safety. Many activities that focus on health healthy physical activities also contribute to the general reduction of health costs. Targeted programs such as those directed to assist youth at risk, might assist in reducing justice and safety costs. Typically, these kinds of programs are heavily subsidized. Other activities may promote strong cohesive families and communities and contribute to general community wellbeing and social service cost reductions. This broader community gain is typically referred to as societal benefit. • Comparative pricing – It is important that fees are matched to other providers of that service. This most frequently applies where the private sector provides options. • Service Trends – Increasing or decreasing popularity of a program or activity changes the priority of the service outcomes. As an example, the past several years has seen a significant increase in services that support active living. Changes in the demographics of many communities can also result in an increase or decrease in the popularity of programs. These trends will influence the demand for services and the focus of services provided. Additional Items to Finance Advisory Committee Meeting Agenda Wednesday, April 25, 2018 Item 4 Page 4 of 10 IBI Group, January 22, 2009 Version – Final Recommended Policy 1 THE CORPORATION OF THE TOWN OF AURORA DEPARTMENT OF LEISURE SERVICES PRICING POLICY FOR RECREATION SERVICES SECTION I: DEFINITIONS In this Policy: Capital Cost means the cost to replace the Town’s recreation/leisure service facilities over the next 50 years. Cost Recovery means the amount/proportion of total operating costs (direct and indirect) paid for by the user of a program, facility or service rather than by the municipality through its tax base. Direct Facility Operating Cost means the costs of facility union and part-time wage costs/benefits, light, heat, water, and maintenance, operating supplies and any costs to provide the space for the activity to take place. Direct Program Operating Cost means the costs of part-time wages/benefits or contract fees, materials, supplies and rental costs associated with the provision of a program. Indirect Facility Operating Cost means the costs of full-time staff salary/benefits and overhead costs for directors, managers, operations supervisors, booking clerks, and carpenters associated with the provision of space for recreational activities to take place. Indirect Program Operating Cost means full-time staff salary/benefits and overhead costs for director, manager, complex administration and department administration associated with the provision of a program. Low Income Household means the threshold, as determined by Statistics Canada, at which a household devotes a larger share of income to the necessities of food, shelter and clothing than the average family.1 Public Good Characteristics means a good or service that is available for everyone to consume and provides community-wide benefits (e.g. education, transit, recreation). While there is a cost associated with the provision of public goods, the cost is shared by all members of the community. One person’s participation/consumption does not preclude another person from participating or consuming that same good. Target Group means a subset of the Town of Aurora’s population intended to be the main beneficiaries of a recreational service or a subset of the population with specific physical, social and/or financial needs (e.g. children, youth, seniors, low income households, special needs groups, new or emerging groups). Total Operating Costs means the total direct and indirect program and facility costs. User Fee means a fee paid directly by a user to gain access to a program, facility or service (e.g. admission or membership fees, program registration fees, facility or equipment rental/permit fees, special service charges, etc.). SECTION II: PURPOSE The Town of Aurora is committed to promoting a healthy environment and fostering the social and physical well-being of its residents. The municipality provides a range of recreational facilities and programs through its Leisure Services Department. All recreational services provided by the Town of Aurora have a cost associated with them. Some recreational services and amenities are paid for solely by the municipality through tax dollars, and are available at no additional cost to users (e.g. parks, trails, splash pads, programs for special target groups). For other services and amenities, users must pay an admission, program, permit or service fee (e.g. swimming lessons, ice rental, camps, and fitness centres). This user fee revenue is used to offset a portion of the facility and program operating costs. The Town requires an up-to-date recreation pricing policy and a consistent and transparent approach to setting affordable user fees in order to: 1. Accommodate the needs of Aurora’s expanding and diversifying population and balance the interests of individuals and those of the wider community; and 2. Effectively allocate public funds for recreational services and facilities and achieve appropriate cost recovery targets. 1 For a municipality the size of Aurora, Statistics Canada identifies the low income cut-off at $11,784 (before tax, 2005 dollars) for a one-person household and up to $47,063 (before tax, 2005 dollars) for a household with seven or more persons. Source: Low Income Cut-offs for 2005 and Low Income Measures for 2004, Catalogue No. 75F0002MIE - No. 004 Additional Items to Finance Advisory Committee Meeting Agenda Wednesday, April 25, 2018 Item 4 Page 5 of 10 IBI Group, January 22, 2009 Version – Final Recommended Policy 2 Balancing the Recreational Interests of Individuals and Those of the Wider Community Studies undertaken by federal and provincial government agencies and reputable research institutes clearly illustrate that investment in recreation can result in long-term health care and social service cost savings and that an active population can contribute to the economic vitality of a municipality. As such, the use of public funds to promote and facilitate general access to recreation not only benefits the lives of individual users, but the community at-large. Some recreational activities, however, have greater ‘public good’ characteristics than others, such as teaching essential life and safety skills, allowing for broad participation and/or providing services to special target groups. In addition, there are certain recreational facilities that the private market generally cannot provide at an affordable rate due to large capital and on-going operating costs (e.g. swimming pools, outdoor sports fields). The Town of Aurora plays an important role in providing public access to such facilities at a reasonable cost and should prioritize the allocation of public funding for such activities. Other recreational activities and facilities have fewer ‘public good’ characteristics as they primarily benefit a smaller number of users and can be reasonably accessed through the private or non-profit sector. Effective Allocation of Public Tax Dollars Historically, the Department of Leisure Services wisely used public funds to successfully provide affordable access to recreation services. This formal pricing policy is intended as a general mechanism for effectively and consistently allocating municipal tax dollars. It will provide a higher level of certainty for achieving minimum cost recovery targets through the generation of user fee revenue. This recreation pricing policy provides a transparent and consistent approach to setting user fees and cost recovery targets as it is based on: 1. A series of guiding principles that will ensure a fair, objective and equitable approach is used to consistently set user fees; 2. The recognized need for affordable access to basic recreation services for all Aurora residents, and particularly target groups such as children, seniors, special needs populations, low income households; and 3. The categorization of all Town of Aurora recreation facilities, programs and services, with lower cost recovery targets for those activities which have greater ‘public good’ characteristics and progressively higher cost recovery targets for those activities with more limited ‘public good’ characteristics. SECTION III: GUIDING PRINCIPLES In consultation with recreation and leisure user groups, the following series of principles were established to help guide the pricing of all Town of Aurora recreational facilities, programs and services. These guiding principles reflect the strategic goals and objectives of the Town of Aurora and will allow for a consistent and transparent approach to setting user fees. Role of the Town as a Service Provider  The Town of Aurora will strive to continue to provide the opportunity for Aurora residents to participate in a wide variety of physical and non-physical recreational programs and activities;  As the provider in the first resort, The Town of Aurora will aim to provide recreational facilities and services that are not generally offered by the private sector (e.g. parks and trails, outdoor sportsfield and ball diamonds, swimming pools);  The Town of Aurora shall prioritize the funding of recreational facilities and programs that are most widely used by Aurora residents and target groups; and  The Town of Aurora shall strive to respond to changing population needs, recreational trends and emerging target groups;  The Town of Aurora recognizes the physical, social and economic benefits of providing recreation and leisure services and promoting healthy, active lifestyles; and  The Town of Aurora recognizes the importance of being accountable to its users. Additional Items to Finance Advisory Committee Meeting Agenda Wednesday, April 25, 2018 Item 4 Page 6 of 10 IBI Group, January 22, 2009 Version – Final Recommended Policy 3 Access and Affordability  The Department of Leisure Services will aim to provide access to quality, affordable recreational services to all residents and local user groups;  The Department of Leisure Services will strive to equitably set user fees and cost recovery targets for different recreational activities;  The Department of Leisure Services understands the importance of pricing recreational facilities, programs and services so as not to preclude or diminish participation;  The Department of Leisure Services shall consider the full range of costs incurred by groups and individuals to participate in recreation, beyond the user fees charged by the Town (e.g. equipment, coaches, insurance, travel);  The Department of Leisure Services supports providing children and youth groups with first access to lower cost rental facilities/times (e.g. unlit sports fields and ball diamonds and non-prime time hours);  The Department of Leisure Services will aim to ensure that all low-income households and support service providers are aware of the available financial assistance to access the Town’s recreation services and programs.  The Department of Leisure Services will aim to promote and enhance opportunities for recreational activities that are part of the Town’s public open space system and that have no associated user fees (i.e. walking, cycling, hiking, use of splash pads, bird watching). Value  The Department of Leisure Services is committed to providing clean, attractive and safe environments for persons recreating in Aurora parks and facilities;  The Department of Leisure Services shall differentiate between types of recreational activities and service levels through appropriate pricing; and  The Department of Leisure Services will strive to work with user groups to address the need to increase user fees in order to accommodate user group requests for new or improved facilities, maintenance or materials. Community Participation  The Department of Leisure Services shall encourage citizens to be actively involved in the organization and delivery of recreation services;  The Department of Leisure Services shall strive to improve synergies between recreation groups, other service providers, public agencies and Town staff;  The Department of Leisure Services recognizes the importance of developing partnerships with educational boards/authorities, social service agencies, service clubs, volunteer groups, user groups and the private sector; and  The Department of Leisure Services shall aim to provide leadership, assistance and recognition to individuals and groups who help promote recreation and active living. Fiscal Responsibility and Accountability  The Department of Leisure Services acknowledges that the Town of Aurora does not have the financial resources to be the provider of recreation in the first resort for all activities;  The Department of Leisure Services recognizes the important role played by volunteers in the delivery of recreation programs and services, including cost savings to the Town and its residents;  When setting user fees and cost recovery targets, the Town of Aurora shall consider the wider and longer-term economic benefits when setting fees, such as health care and social service cost savings, sports tourism, etc.;  The Town of Aurora shall promote sports tourism and tournaments as a source of revenue for the municipality;  The Department of Leisure Services will strive to ensure broad public awareness of the wide range of recreation facilities, programs and services provided by the Town;  The Department of Leisure Services will strive to promote increased participation and use of existing services and facilities to increase the level of cost recovery through user fee revenue; and  The Department of Leisure Services shall continue to consider best management practices and potential for cost savings in the delivery of recreation. Additional Items to Finance Advisory Committee Meeting Agenda Wednesday, April 25, 2018 Item 4 Page 7 of 10 IBI Group, January 22, 2009 Version – Final Recommended Policy 4 Level 0 Level 1 Level 2 Level 3 Higher Level of Cost Recovery Higher % of Operating Costs Paid For By User Fees Higher % of Operating Costs Paid For By Municipal Tax Dollars No or Lower Level of Cost Recovery SECTION IV. CATEGORIZATION OF RECREATION SERVICES AND COST RECOVERY TARGETS The Town of Aurora must prioritize the funding of its recreation services in order to provide the greatest number of its residents, through broad-based participation, and target groups with affordable recreation opportunities. The classification of all recreation services as either Level 0, Level 1, Level 2 or Level 3 activities will help distinguish between those activities that have the greatest ‘public good’ characteristics and for which no cost recovery or lower cost recovery should be tolerated (e.g. Level 1) and those more advanced or specialized programs and facilities for which user fees should cover a large portion of the total operating costs. The following criteria are to be consistently used by the Department of Leisure Services to classify all existing and future recreational facilities and programs. Level 0 – No cost recovery through user fees. The Town of Aurora will prioritize the funding of Level 0 recreational facilities and programs and require no level of cost recovery given they have one or more of the following characteristics:  Facilities intended to provide open and unlimited access (e.g. parks, trails, playgrounds, outdoor splash pads, skateboard and BMX facilities, outdoor skating rinks and tennis courts);  Sponsored facility access (e.g. Tim Horton’s Public Skate Hours);  Public community event (e.g. parade, festival); and  Special services for target groups (e.g. Seniors’ Hour, certain drop-in programs). Level 1 - A minimum of 30% of the total operating costs should be covered by user fees. The Town of Aurora will prioritize the funding of Level 1 recreational facilities and programs and tolerate a lower level of cost recovery given they have one or more of the following characteristics:  Offered at an introductory/general level and use basic materials (e.g. Child Sing Along, Tai Chi Intro);  Aimed at target groups (e.g. children, youth, seniors, low income households, special needs groups, new or emerging groups);  Largely supported by volunteers (e.g. youth team sports, senior’s centre);  Encourage family participation (e.g. recreational swimming and skating, parent and child pre-school programs);  Teaches essential life and safety skills (e.g. Babysitting Training, 55 Alive Drivers, Red Cross swim programs);  Promotes physical activity;  Encourages broad-based participation (i.e. fitness centres, lane swimming, basketball);  Provided by the Town in the first resort; and  Facilities that are part of the Town’s larger public parks and open space system (e.g. baseball diamonds and sports fields). Additional Items to Finance Advisory Committee Meeting Agenda Wednesday, April 25, 2018 Item 4 Page 8 of 10 IBI Group, January 22, 2009 Version – Final Recommended Policy 5 Level 2: A minimum of 55% of the total operating costs should be covered by user fees. The Town of Aurora will fund a portion of Level 2 recreational facilities and programs through the municipality’s tax base, but aim for a higher level of cost recovery through user fees given that Level 2 services have one or more of the following characteristics:  Offered to target groups at an intermediate level or are specialized holiday events (e.g. Holiday Art Adventure, Show Biz Kids, Intermediate French);  Geared towards adults (e.g. Adult Tennis League, Belly Dancing, Aqua Adults); and  Involve the use of premium or purpose-built facilities (e.g. rental of swimming pools and ice arenas). Level 3: A minimum of 75% of the total operating costs should be covered by user fees. The Town of Aurora will aim for higher levels of cost recovery for Level 3 recreational facilities, programs and services given they are:  Advanced or specialty programs (e.g. Robot Builders, Theatre Camp, Latin Way Level 2, Golf Fit);  Utilized by a small subset of the population;  Offered on a private basis (e.g. private 1 on 1 swimming lessons, personal fitness training); and  Generally provided by the private sector. Figure 1. Town of Aurora Recreational Service Categorization and Minimum Cost Recovery Targets 0% Cost Recovery of total operating costs Minimum of 30% Cost Recovery of total operating costs – with exceptions* Minimum of 55% Cost Recovery of total operating costs – with exceptions* Minimum of 75% Cost Recovery of total operating costs – with exceptions* Level 0 Level 1 Level 2 Level 3 Public Parks Introductory/General Preschool Programs Intermediate Preschool Programs or Holiday Events Advanced/Speciality Preschool Programs Public Trails Introductory/General Children’s Programs Intermediate Children’s Programs or Holiday Events Advanced/Speciality Children’s Programs Playgrounds Introductory/General Youth Programs Intermediate Youth Programs or Holiday Events Advanced/Speciality Youth Programs Water Play Spashpads Introductory/General Senior’s Programs Intermediate Senior’s Programs or Holiday Events Advanced/Speciality Senior’s Programs Skateboard and BMX Facilities Introductory/General Activity Camps Intermediate Camps and Daycare/Babysitting Services Advanced/Speciality Camps Outdoor skating rinks Red Cross Swimming Programs General Adult Programs Advanced/Specialty Adult Programs Outdoor tennis courts Recreational Swimming and Aqua Fitness (all ages) Semi-Private Swimming Lessons Private Swimming Lessons Certain community events Public Skating (all ages) Intermediate Adult Swimming Programs Private Fitness Training/Lessons Certain programs for special target groups Parks, Trails and other Public Open Space Ice Rental (all ages) Birthday Party Packages Sponsored Facility Access (e.g. Tim Horton’s Public Skate) Ball Diamond and Soccer Field Rental (all ages) Swimming Pool Rental (all ages) Non-resident Fitness Memberships Community Space Rental (all ages Resident Fitness Memberships Non-resident Artificial Turf Rental *Notes: The minimum cost recovery targets do not include an allocation for Capital Conservation/ Facility Replacement costs. The Policy recognizes there are circumstances where the minimum cost recovery targets cannot be met in the short to medium-term. Examples include situations where existing fees would have to be increased by more than 50% in order to reach the minimum target, fee increases are shown to result in loss of participants and consistent pricing is required within a program series (e.g. swimming lessons). Additional Items to Finance Advisory Committee Meeting Agenda Wednesday, April 25, 2018 Item 4 Page 9 of 10 IBI Group, January 22, 2009 Version – Final Recommended Policy 6 SECTION V: POLICY RECOMMENDATIONS 1. It is intended that a range of recreational services be available to all citizens and that no Aurora residents shall be excluded from participating in recreational activities because of an inability to pay. 2. User fees are to be calculated to achieve minimum operating cost recovery targets - currently set at 30% for Level 1 activities, 55% for Level 2 activities and 75% for Level 3 activities. 3. The necessary fee increases and additional service fees (e.g. hydro fees for lit soccer fields and ball diamonds) required to achieve the minimum cost recovery targets are shown in Schedule A. Fee increases will be phased in over time (2009 onward) or until the minimum cost recovery targets are met. The fee increases related to achieving cost recovery targets do not include annual inflation rates. 4. The Department of Leisure Services will take into consideration historic pricing when implementing fee increases to meet cost recovery targets. The Department may tolerate a longer period of transition (i.e. phased increases) for certain services that have historically had low cost recovery rates (e.g. the rental of ball diamonds and sports fields, private swimming or fitness lessons). 5. Annually, the Leisure Services Department will prepare cost recovery reports which identify total direct and indirect costs associated with all recreational activities. These cost recovery reports will be made available to the Town’s Leisure Services Advisory Committee (LSAC). 6. The categorization of activities and the associated cost recovery targets will be reviewed annually with due consideration to the operating budget impact and may be adjusted to accommodate changes in municipal requirements for cost recovery or changes in the market place. 7. The Department of Leisure will make every effort to announce changes in facility rental rates and permits in advance to allow organizations to make pricing changes to their membership and avoid a deficit or loss of club resources. 8. Individual Aurora residents and user groups may appeal to the Department of Leisure Services for a reduction in fees if they can sufficiently demonstrate that the fees charged by the Town are adverse, restricting/impacting participation. 9. The Department of Leisure Services will continue to monitor the benefits of maintaining an informal approach to providing subsidies and financial assistance to low-income Aurora households. 10. Facility and equipment rental rates may be offered at a reduced rate in low priority times (e.g. non- prime time) to encourage greater participation rates and make use of existing City facilities. 11. Department of Leisure Services may waive, reduce fees and alter fees for promotional purposes and to establish fees for experimental services on an as-required basis. 12. The Town of Aurora may impose a surcharge or charge higher rates for use of its municipal facilities and services by non-Aurora residents. 13. The Department of Leisure Services may choose not to permit a recreational facility if it is determined that the amenity is deteriorating because of over use. 14. It is the intent of the Department of Leisure Services to ensure that fees remain competitive with other recreation and culture service providers in the Town of Aurora and adjacent municipalities. 15. The Department of Leisure Services will continue to investigate potential new sources of revenue (e.g. grants, partnerships and new programs) and support appropriate funding efforts of groups and organizations to help offset the costs to the municipality in providing services and operating facilities. SECTION VI: IMPLEMENTATION It is the intent that the Department of Leisure Services Recreation Pricing Policy be adopted as a permanent policy and will be monitored on an annual basis. To allow for better resource planning for both the Town of Aurora and the users of its recreation services, the Department of Leisure Services shall strive to maintain a multi-year fee schedule for all its facilities and programs and to gradually phase-in any increases in fees. J:\20278_Aurora_Rec\10.0 Reports\PTRfinalrecommendedaurorauserfeepolicy2009-01-15.doc\2009-01-15\A Additional Items to Finance Advisory Committee Meeting Agenda Wednesday, April 25, 2018 Item 4 Page 10 of 10