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City Council Finance Committee <br />Meeting Minutes <br />06/12/17 <br />Page 2 of 8 <br />The Finance Committee Members approved the May 15 and May 24, 2017 <br />meeting minutes as presented. <br />PUBLIC COMMENTS ON ITEMS NOT ON THE AGENDA <br />None. <br />SALES TAX REPORT FOR THE MONTH ENDED APRIL 30, 2017 <br />Tax Manager Penney Bolte presented the sales tax reports for the month ended <br />April 30, 2017 to the Finance Committee. <br />Manager Bolte reviewed with the Committee variances in the Monthly by Area <br />revenue report stating there were additional one-time technology purchases for the <br />Outside City area, and another in -city sale by a manufacturer in the CTC area. <br />McCaslin North declined 6% for April and will continue to reflect larger than actual <br />declines in the reports until August 2017, when the previously miscoded vendor <br />revenue will no longer be included in the prior month revenue comparisons. <br />Ms. Bolte reviewed the Monthly by Industry revenue report with the Finance <br />Committee Members stating that the coding error discussed at the May 15 meeting <br />was corrected in April but resulted in a false decline in the Other Retail category <br />and a false increase in the Grocery category. Ms. Bolte stated this adjustment was <br />necessary to ensure 2nd quarter revenues are correct and meaningful. Absent this <br />adjustment, Ms. Bolte stated the Grocery industry sector increase is 23.3% for April <br />and the Other Retail sector increased 5.1%. <br />The reports and corresponding narrative can be located in the packet of the May <br />15, 2017 Finance Committee Meeting. <br />KEY PERFORMANCE INDICATORS <br />Assistant to the City Manager Emily Kropf reported to the Finance Committee that <br />revisions of several Key Indicators have been requested by staff. Ms. Kropf stated <br />that, after using the previous indicators, staff discovered there were measures for <br />which data could not be captured, or that other indicators would be more pertinent. <br />Finance Committee Member Maloney stated his appreciation to staff in providing <br />this information in advance of the start of the budget process. Mayor Muckle and <br />Finance Committee Member Stolzmann concurred. <br />The Sub -Program Key Indicators discussed were: <br />Governance & Administration Sub -Program <br />3 <br />