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City Council Finance Committee <br />Meeting Minutes <br />04/21/20 <br />Page 5 of 8 <br /> <br />Watson to prepare. Director Watson stated the work session would help him and <br />directors prior to the budget amendment being brought forward to City Council. <br />Director Watson proposed the meeting be scheduled after the upcoming meeting <br />April 24 to discuss revenue projections and fund balances. <br /> <br />City Manager Heather Balser stated the materials can be put together, and <br />suggested the end of next week, perhaps May 1. <br /> <br />The reports and corresponding narrative can be located in the packet of the April <br />21, 2020 Finance Committee Meeting. <br /> <br />DISCUSSION OF BUDGET CALENDAR AND BIENNIAL BUDGET PROCESS <br /> <br />Finance Director Kevin Watson presented the current Budget Calendar to the <br />Finance Committee and stated that the COVID-19 Pandemic has created many <br />process and staff issues. Director Watson requested discussion and direction by <br />the Committee including consideration of preparing an annual budget for 2021 <br />instead of a biennial budget for 2021-2022. <br /> <br />Finance Committee Member Lipton stated he is fine making adjustments to <br />calendar, and understands staffs time constraints. Member Lipson suggested <br />continuing biennial budget process, stating the City needs a multi-year spending <br />plan. Finance Committee Leh agreed. <br /> <br />City Manager Balser stated the normal process is two-years with minimal changes <br />in the second year. Manager Balser expressed the difficulty for staff to project for <br />2021/2022, unless whatever is determined for 2021 is copied to 2022. <br /> <br />Chairperson Maloney agreed using a biennial budget and the same program <br />budgeting methodology, noting it provides a way of addressing any budget gaps, <br />and looking at programs that may need to be trimmed or eliminated. Trim a little <br />of everything or eliminate programs. Member Maloney stated the biennial budget <br />process provides the most information. <br /> <br />Member Lipton stated 2021 will be an austere budget year, and 2022 will probably <br />not be any different, no growth. Member Lipton stated that premise should make <br />it easier for directors to develop their budgets. If more revenue comes in the <br />second year, then programs and be beefed up or added. <br /> <br />The corresponding narrative can be located in the packet of the April 21, 2020 <br />Finance Committee Meeting. <br /> <br />PROCESS FOR DEVELOPING 2020 REVENUE PROJECTIONS <br /> <br />6