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City Council Finance Committee <br />Meeting Minutes <br />04/01/19 <br />Page 7 of 8 <br />of items already resolved, the status of items being addressed or action plan, and <br />a narrative of items not being addressed. <br />The reports and corresponding narrative can be located in the packet of the April <br />1, 2019 Finance Committee Meeting. <br />FINANCIAL POLICIES — THIRD REVIEW OF PROPOSED AMENDMENTS <br />Director Watson presented drafts of the City's Financial Policies to the Finance <br />Committee representing the latest revisions. Director Watson stated that Finance <br />Committee Member Lipton provided amended language for Section 2.5 Recreation <br />Fund Reserves, of the Reserve Policies. <br />Finance Committee Members requested the same language be incorporated for <br />Open Space. <br />The Finance Committee Members approved the Financial Policies with the above <br />requested amendment, and requested the Policies be presented to the full City <br />Council at the July retreat. <br />The reports and corresponding narrative can be located in the packet of the April <br />1, 2019 Finance Committee Meeting. <br />BUDGET CALENDAR FOR 2020 BUDGET DEVELOPMENT <br />Finance Director Kevin Watson presented the preliminary budget calendar for <br />2020, which has been discussed with the City Manager and Department Directors <br />for Finance Committee review. <br />Finance Committee Member Lipton stated that the calendar looked fine, but stated <br />he would like to see less than (4) City Council meetings. Member Lipton also <br />asked if the KPI was updated every year. <br />City Manager Balser stated that data is gathered every year, but that the KPI's are <br />only updated every two years. Manager Balser stated that she proposes have a <br />consultant work with departments to better establish the KPI's and to build <br />engagement among staff. <br />Mayor Muckle stated that this being the 2nd year in the budget, there should not be <br />a lot to do. Member Lipton stated that he did not want to open issues back up for <br />things that have already been approved or discuss item which have already been <br />cut. Chairperson Maloney stated he would like to see City Council discussions <br />structured so the budget review is of new items only. <br />8 <br />