Finance Committee Agenda and Packet 2016 12 19

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City Council Finance Committee Meeting Minutes 11/28/16 Page 5 of 8 Finance Committee Member Maloney concurred stating that the collection of data over time is the only way to create meaningful trending data and determine if initial long-term assumptions are adequate. City Manager Fleming stated it had been discussed to report consumption and revenue by business class. Director Kowar stated that cost -of -service information is reviewed on an annual basis and that looking at key factors more frequently does not change the ultimate outcome. City Manager Fleming stated that he did understand that quarterly results could be dramatically different. Finance Committee Member Maloney requested Director Kowar develop drafts of dashboards for the Enterprise Funds providing data that he would feel necessary to make policy and budget decisions if he were a City Council Member. The Finance Committee requested City Manager Fleming add the Asset Management System demonstration by Director Kowar to a City Council Study Session agenda when ready. The Finance Committee requested Director Kowar bring back drafts of dashboards to the Finance Committee at a meeting in early 2017. 2017 FEE SCHEDULES Finance Director Kevin Watson presented to the Finance Committee a preliminary draft of the Resolution Setting Certain Fees, Rates, and Charges for the City of Louisville. Finance Committee Members discussed the following items and/or requested additional information: • Finance Committee Chairperson Stolzmann stated that she would like the Parking Improvement Fee of $3,600 reviewed, believing it should be much higher, maybe $25K - $28K based on what the City has paid recently. City Manager Fleming stated he would bring a study done several years ago to the next City Council Meeting and offer his recommendation. • Member Stolzmann requested a narrative explaining why the full document regarding Liquor License Fees has been redacted and replaced with a new document. • Finance Committee Member Maloney asked about the top tier disparity between Residential and Commercial Water Rates, noting that the top tier for residential is much higher than for commercial. City Manager Fleming stated his understanding that it is more costly to provide peak system capacity for residential customers than for commercial customers.