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05/31/2012 Finance CommitteeFINANCE COMMITTEE MEETING MINUTES May 31, 2012 Councilmembers Present Staff Present Councilmember Buckshnis Shawn Hunstock, Finance Director Councilmember Yamamoto Public Present Councilmember Buckshnis called the meeting to order at 2:32 p.m. A. Draft 2011 Financial Statements Mr. Hunstock reviewed the draft 2011 Comprehensive Annual Financial Statements. Changes from previous year's financial statements were noted. Specifically, a new combining statement displaying all the funds that are commonly referred to collectively as the "General Fund" was added for 2011. Action: Schedule for full Council in three weeks. B. Public Comments There were no public comments. Adjournment — The meeting adjourned at 3:10 p.m.