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City Council Finance Committee <br />Meeting Minutes <br />01 /21 /20 <br />Page 6 of 8 <br />Chairperson Maloney asked if the discussion helped staff. City Manager Balser <br />stated that there is still differing perceptions of what data is important and what the <br />data means. <br />The reports and corresponding narrative can be located in the packet of the <br />January 21, 2020 Finance Committee Meeting. <br />CAPITAL IMPROVEMENT PROGRAM YEAR-END REPORT <br />Assistant City Manager for Communications & Special Projects Emily Hogan <br />presented to the Finance Committee a year-end report for the Capital Improvement <br />Program through December 31, 2019. <br />Finance Committee Member Lipton stated that the report is helpful, but doesn't <br />give the whole picture. Member Lipton stated the City still needs to review how <br />well estimating is done, consider bigger contingencies, better transparency of <br />when money was budgeted, what the budget money was spent for, what caused <br />delays, and whether or not we're appropriately staffed to complete the work. <br />Member Lipton stated we need to understand why we can't execute. <br />Mayor Stolzmann stated she would like to see a column added for "initial budget <br />amount" and have that amount be the total of any and all years prior. Chairperson <br />Maloney agreed the report needs to include what was originally budgeted and <br />stated there should be a narrative for any delays. Finance Committee Members <br />and staff also discussed adding an indication for "recurring" capital projects. <br />Chairperson Maloney stated he wants the City to be better at getting the work <br />done. Finance Committee Member Leh stated that the City is creating grand <br />expectations for the public that aren't realistic. <br />Finance Committee Members and staff discussed the process involved for capital <br />projects noting all the steps through various boards, commissions and City <br />Council, particularly when the scope changes. Finance Committee Members <br />discussed if Council is the enemy by revisiting projects over and over, stating that <br />the process need to get better and that they have to change the culture. <br />The reports and corresponding narrative can be located in the packet of the <br />January 21, 2020 Finance Committee Meeting. <br />FINANCIAL STATEMENTS FOR THE FOURTH QUARTER ENDED <br />DECEMBER 31, 2019 <br />Finance Director Kevin Watson presented the fourth quarter statements to the <br />Finance Committee. <br />7 <br />