Finance Committee Agenda and Packet 2025 02 20

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City Council Finance Committee Meeting Minutes January 16, 2025 Page 3 of 5 Councilmember Hoefner asked the Director of Finance and City Manager when a good time would be to follow up on the cost analysis of Marshall Fire permitting fees versus costs. The City Manager requested that this topic be addressed at the March meeting. The Finance Committee requested that staff provide a feasibility study of the amount of effort and resources required to provide a cost analysis of the Marshall Fire permit fees in comparison with the costs of permitting Marshall Fire rebuilds. Public Comments: Mayor Leh commented that the permitting cost analysis is a challenging issue, noting that the commitment Council made in 2022 was a general commitment to be certain that there weren't any economies of scale in doing permits so that it resulted in some kind of additional money to the City that was over and above the cost of permitting. Councilmember Kern commented that there were public commitments made to do a cost evaluation of Marshall Fire permit fees versus costs a few years ago. She commented that the previous City Manager committed in meetings to provide a cost analysis. Councilmember Kern also commented that it is her understanding that there was a plan put in place through the Planning Department related to Marshall Fire permits which should assist with any evaluation process. Mayor Leh commented that Council didn't commit to refund fees. The only thing Council discussed was an evaluation. 2025 Insurance Renewal Update: The Deputy City Manager provided updates to the City's 2025 insurance renewal. Details were included in the meeting packet. Committee Comments: There was a discussion on how a wind/hail buydown would be paid out of the budget. Public Comments: None. Budget Process Recap: The Director of Finance provided a review of the supplemental year budget process. The presentation was included in the meeting packet. Committee Comments: Councilmember Hoefner commented that he would like to have the process of narrowing down and focusing on key policy choices earlier in the budget process than last year. He felt that last year's budget process resulted in a good outcome. He also commented that this year's Work Plan meeting was very positive and should set us up well in terms of understanding core priorities that will shape the off-year budget decision process in a way that's consistent with Council's stated values and priorities. 12/60