Finance Committee Agenda and Packet 2019 08 16

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City Council Finance Committee Meeting Minutes 07/19/19 Page 3 of 6 Chairperson Maloney complimented Ms. Hogan on the excellent staff report and stated he was glad to see the City taking the performance measures and KPI's seriously by seeking outside assistance. Finance Committee Member Lipton and Mayor Muckle stated the scope of the RFP looked good. The reports and corresponding narrative can be located in the packet of the July 19, 2019 Finance Committee Meeting. GOLF COURSE DASHBOARD Golf Course Professional David Baril presented the Q2 Golf Course Dashboard to the Finance Committee. Mr. Baril stated that his new administrative assistant has reformatted and improved the previously provided dashboard and that he is seeking feedback from the Committee. Mr. Baril stated there are a still a few issues being worked on such as cost per round and a formula to allocate annual pass revenue to the correct year. Mr. Baril also stated that the insurance recovery amount has been removed from revenue but remains in expenses, which he hopes to have adjusted for future reports. Chairperson Maloney stated that he likes the new format but agrees that the budget revenue doesn't match the annualized annual pass revenue. Mayor Muckle stated that actuals are still below budget, but that he also likes the new format. Mr. Baril stated that they are using a new mobile app. which provides a free weekday round when downloaded. So far, 560 rounds have been given away. Finance Committee Member Lipton stated that the number of rounds is heading towards the budgeted amount, that the lower yield is impacted by the round discounts, and that once the insurance recovery amounts can be removed from expenses, those numbers will be closer. Member Lipton stated he also liked the new dashboard format with some number tweaking still left to be done. The reports and corresponding narrative can be located in the packet of the July 19, 2019 Finance Committee Meeting. REVENUE PROJECTION DASHBOARD — PROJECTIONS DATED JULY 9, 2019 Finance Director Kevin Watson presented to the Finance Committee the revenue projection dashboards, noting that they are unchanged from those presented at the July 16, 2019 Council Budget Retreat. Mayor Muckle stated that while he is concerned with some of the long-term trends, he feels the City's current position is more positive than dire, and is looking forward to seeing the Q2 sales tax reports. Member Lipton stated that the City needs to temper its expectations with the slowed growth. Chairperson Maloney questioned 4