Finance Committee Agenda and Packet 2019 01 14

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City Council Finance Committee Meeting Minutes 11/19/18 Page 3 of 7 Finance Committee Member Lipton stated the he would like the budgets updated by June. The Finance Committee and staff discussed the timing issues and seasonal revenues. City Manager Balser suggested an updated model be presented at the City Council retreat in June after 2nd quarter revenue and expense actuals can be updated. Chairperson Maloney stated that he would also like to define the Golf Course and General Fund responsibilities related to the costs for the building, parking lot, ponds, irrigation, and FF&E. Chairperson Maloney stated that once these issues are determined, new policies will need to be established. Member Maloney also stated that the water rates for the Golf Course need to be reviewed, commenting that he is not in agreement with the arbitrary use of residential rates for an enterprise in lieu of commercial rates. Finance Committee Members moved on to discuss the Recreation & Senior Center Model. Again, Finance Committee Members and staff discussed numerous areas for further discussion including, a review of the structure of the Model, a De- Brucing ballot issue for 2019, the 15% General Fund subsidy, capital projects funding, incorporating indirect costs, and a close review of the projected fee revenue and admissions. Member Lipton stated that he would like to see monthly data for the Recreation & Senior Center, specifically detailed data on monthly admissions and membership to verify whether or not the anticipated projections are on target. Member Lipton stated that he would also like to see the final costs of the construction. City Manager Balser stated that staff would provide the requested information. Member Maloney stated that receiving dashboards quarterly should be sufficient. The reports and corresponding narrative can be located in the packet of the November 19, 2018 Finance Committee Meeting. NON-PROFIT GRANT PROGRAM Finance Committee Member Lipton asked if other cities distribute non-profit grants, and why it is the responsibility of the Finance Committee. Director Watson stated that historically, the Finance Committee makes a recommendation to City Council. City Manager Balser stated that other cities do distribute grants and suggested the matter be discussed with the full City Council. Member Lipton stated that specific questions, such as "what services does the entity provide to Louisville residents", should be incorporated into the grant application. Chairperson Maloney stated that this topic should be added to the 2019 Work Plan. Director Watson stated that the City had previously brought in a consultant, Ms. Shari Edelstein, to discuss this process, and that the Finance Committee could elect to do so again. 4