Finance Committee Agenda and Packet 2017 01 17

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City Council Finance Committee Meeting Minutes 12/19/16 Page 2 of 3 FISCAL IMPACT MODEL Planning Director Rob Zuccaro gave an overview of the Fiscal Impact Model's density and land use assumptions pertaining to the McCaslin Small Area Plan. Director Zuccaro ran alternative scenarios based on the Committee's suggested changes. The Committee requested that Director Zuccaro come back to the next meeting with the model's fiscal impact calculations of the current land use within the McCaslin Small Area Plan boundaries. This will allow the Committee to perform reasonableness checks and gain confidence in the model's revenue calculations. ENTERPRISE DASHBOARDS Finance Director Kevin Watson presented some graphics underlying the Revenue Trend Dashboards as a possible starting point for developing enterprise dashboards. The Committee requested that these be amended and supplemented by other graphics, which will result in a comprehensive dashboard that will demonstrate whether the enterprise is being successfully operated. For this purpose, the Committee defined "enterprise" as the Utility Funds, the Golf Course Fund, and the Recreation Center operations. The Committee requested that the dashboards be presented monthly. Once the content and format of the dashboards are set, the Committee believes that the a quarterly presentation is sufficient. The graphics presented can be located in the packet of the December 19, 2016 Finance Committee Meeting. WORK PLAN REVIEW The Committee reviewed the 2016 Work Plan and noted the tasks that were completed and those that remain outstanding. The Committee then discussed and developed a preliminary 2017 Work Plan. The final draft of the 2017 Work Plan is included with and made part of these minutes. SALES TAX REPORT FOR THE MONTH ENDED OCTOBER 31, 2016 Finance Director Kevin Watson presented to the Committee the monthly and quarterly sales tax reports for the period ended October 31, 2016. 3