Finance Committee Agenda and Packet 2018 02 19

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City Council Finance Committee Meeting Minutes 01/19/18 Page 2 of 6 None. APPROVAL OF DESIGNATED PLACES FOR POSTING PUBLIC MEETING NOTICES The Finance Committee Members approved the Designated Places for Posting Public Meeting Notices as presented. FINANCE COMMITTEE 2018 WORK PLAN REVIEW Finance Committee Chairperson Dennis Maloney reviewed the current draft of the 2018 Finance Committee Work Plan with Committee Members and staff and opened the item for discussion and comments. Finance Committee Member Lipton requested a review of the Building Permit & Inspection Fees be added for review. The Finance Committee and staff agreed to add this item to the Work Plan for second quarter 2018. Member Lipton also requested a cost and revenue analysis for the Recreation Center & Senior Services and renewal and replacement financing be discussed. City Manager Balser stated that once City Council provides its direction at the January 23, 2018 meeting, program and budget information will be provided accordingly. Member Lipton stated the cost centers need to be more finite. Director Stevens stated that there is modeling analysis that can be presented for discussion. Director Stevens also stated that aquatics and senior programs are the only programs which are not profitable and receive subsidies under the City's current policies. Mayor Muckle stated that he does not want to set policy for, nor micromanage policies for the Recreation Center. Finance Committee Chairperson Maloney stated that he is not certain that Carson needs to attend the February Finance Committee Meeting for the Fiscal Impact Model, stating that the discussion should be about the use of the Model not the data used in the Model. City Manager Balser stated that Carson would be in attendance as a reference only, but may be able to suggest how the Model is used in the future. Member Maloney stated that he wants the Model and its use reviewed before it is used again for anything presented to Planning Commission or City Council. Committee Member Lipton stated that he would like to add to the 2018 Finance Committee Work Plan a review of the turn -back policies and assumptions as well as the fund balance policies. Director Watson stated the request would be incorporated into the second quarter discussion, and added that the fund balance policies will also be formalized for Parks and Open Space. Mayor Muckle stated 3