Finance Committee Agenda and Packet 2019 04 22

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City Council Finance Committee Meeting Minutes 04/01/19 Page 5 of 8 Director of Parks, Recreation and Open Space Nathan Mosley presented to the Finance Committee a summary of the expansion and renovation of the Recreation and Senior Center and Memory Square Pool improvements. Director Mosely reviewed the revenue sources, project costs to date, change orders, the remaining contingency, and a status of the remaining work. Director Mosely stated that it would be helpful to be able to retain the excess sales tax revenue, but that the critical building work has been included in the budget amendment which will be brought to City Council in June. Finance Director Kevin Watson stated that the bond proceeds have been spent and that any remaining money, is from transfers from other Funds. Director Watson added that with the large anticipated turn -back, additional funds could be transferred to the Recreation Construction Fund. Chairperson Maloney stated that the main priority of the Finance Committee is to provide financial stewardship, but that part of the decision -making process will depend on the ballot outcome. Finance Committee Members discussed the change orders and the outstanding items including a dual -port charging station, coating on 2nd floor windows, the front door and fixes to the air curtain, and various ADA items. Superintendent Kathy Martin stated that much of the outside work is starting now, and that there are many electrical pulls and additional electrical needs. Finance Committee Member Lipton stated that most of the sales tax revenue was used for operations. Member Lipton stated that there will be ongoing fixes and needs and that the recommendations or opinions of the Recreation Advisory Board (RAB), along with staff advice, should determine the priorities. Committee Member Lipton stated that the rolr of the Finance Committee and City Council is to define constraints, but to allow the RAB and staff to decide the needs provided the building is sound before the purchase of equipment or other discretionary items are considered. Mayor Muckle stated the value engineered items are mixed with a wish list. Chairperson Maloney requested the RAB agenda for the Fall (after the election), include discussion of the critical needs and priorities that are above the current available budget amendment transfer from the General Fund. Finance Committee Member Lipton emphasized critical needs only. Finance Committee Chairperson Maloney thanked staff for the very good presentation and information, and also for staffs' work throughout the project. Chairperson Maloney requested this item be brought back again after the Fall election. The reports and corresponding narrative can be located in the packet of the April 1, 2019 Finance Committee Meeting. 6