Laserfiche WebLink
City Council Finance Committee <br />Meeting Minutes <br />02/18/20 <br />Page 4 of 6 <br /> <br />for each quarterly tax reporting. Deputy City Manager Megan Davis requested to <br />receive a copy of the survey provided to the Committee. <br /> <br />The reports and corresponding narrative can be located in the packet of the <br />February 18, 2020 Finance Committee Meeting. <br /> <br />ACCOUNTS RECEIVABLE WRITE-OFFS <br /> <br />Tax Manager Bolte presented to the Finance Committee a listing of write-offs <br />totaling $162.85 that were approved by Finance Director Kevin Watson. Ms. Bolte <br />stated that under the City’s Financial Policies, Director Watson can approve <br />amounts up to $100 per individual account. Ms. Bolte handed out a separate list <br />to the Finance Committee for their write off approval totaling $115.00 for one <br />account. Finance Committee Members unanimously approved the requested write <br />off. <br /> <br />The corresponding narrative can be located in the packet of the February 18, 2020 <br />Finance Committee Meeting. <br /> <br />DISCUSSION OF TOP-50 REPORTING <br /> <br />Tax Manager Bolte handed out to the Finance Committee the listing of the Top 50 <br />Vendors for 2019, along with a listing of the Top 50 proposed for 2020. <br /> <br />Manager Bolte stated that she had met with Economic Vitality Director Megan <br />Pierce to review the detailed data and report for the 2019 Top 50. Ms. Bolte stated, <br />after the discussions and review of various ADG reporting options, Director Pierce <br />determined it would be most beneficial to her role to have the Top 50 report for <br />2020 reflect in-City businesses only. <br /> <br />The Finance Committee and staff discussed that the health of in-City businesses <br />is the only relevant and actionable data that can be addressed by City staff. <br />Manager Bolte stated that all variances are monitored by tax staff, and that <br />anomalies for out-of-City vendors are addressed through contact by tax staff or, if <br />necessary, by audit. <br /> <br />The Finance Committee and staff again discussed that the appropriate division of <br />data and reporting between the Finance Committee and the Economic Vitality <br />Committee needs to be established. <br /> <br />The corresponding narrative can be located in the packet of the February 18, 2020 <br />Finance Committee Meeting. <br /> <br />2021-2022 BIENNIAL BUDGET PROCESS DISCUSSION <br /> <br />5