Finance Committee Agenda and Packet 2018 03 12

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City Council Finance Committee Meeting Minutes 02/19/18 Page 3 of 7 Manager Bolte stated that, with the exception of the Telecommunications/Utilities sector, all vendors historically represented in the other industry sectors of the Top 50 are Louisville -based businesses. Ms. Bolte stated that in the past it was believed that fluctuations within this top group of vendors was helpful information for the Finance Committee in monitoring the retail health of the City. However, Ms. Bolte stated, many Louisville -based manufacturers, technology companies, and other out -of -City and online retailers, which truly are within the top 50 vendors, have not been included in this reporting. Finance Committee Members stated that, while the Top 50 vendor information is interesting, they do not feel it provides any meaningful information. Chairperson Maloney requested City Manager Balser discuss with Economic Development Director Aaron DeJong providing an economic report to the Finance Committee. Member Lipton and Mayor Muckle asked what amount of base building use tax revenue has been included in the budget, assuming growth will slow in the coming years. Director Watson stated that the Building Use Tax revenue projections are provided by Planning Director Zuccaro. City Manager Heather Balser stated she would have Planning Director Rob Zuccaro present additional information at a future meeting. Staff stated they would bring back some economic and revenue reporting options to the Finance Committee in the coming months. Tax Manager Penney Bolte provided a copies of the 2017 year-end A/R write-off requests to the Finance Committee Members. Ms. Bolte stated that per City policies, Director Watson is authorized to write-off up to $100 per account, and that since no accounts exceeded this threshold for 2017, no request for write-offs is being formally requested from the Finance Committee. The total amount of the write-off for 2017 was credit of $67.50. The Finance Committee reviewed the detailed listing and had no questions. The reports and corresponding narrative can be located in the packet of the February 19, 2018 Finance Committee Meeting. PROGRAM BUDGETING REVIEW WITH FOCUS ON KEY INDICATORS Assistant to the City Manager Emily Hogan presented the Key Performance Indicators for 38 City Sub -Programs to the Finance Committee. Ms. Hogan stated that departments have been instructed to provide any edits by February 28, 2018 after which data will be collected and presented to City Council at its budget retreat July 12, 2018. Ms. Hogan asked the Finance Committee if there are any specific changes they would like to see for any of the Sub -Program KPI's. 4