Finance Committee Agenda and Packet 2020 08 18

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City Council Finance Committee Meeting Minutes 07/21 /20 Page 4 of 7 presented at the August 2020 Finance Committee meeting. Director Mosely stated he would work with Member Lipton to further discuss and develop various models. Finance Committee Member Leh stated that utilizing a square -root model may be anticipating a quicker recovery than will be realized, and also suggested the use of other more conservative recovery models. Council Member Fahey asked Director Mosely about the effectiveness of the Recreation Center's air filtration system, and Member Lipton asked about tracking protocols in place should a positive case of COVID occur at the facility. Director Mosely stated that City facility maintenance staff has been servicing and maintaining the Recreation Center air filtration systems, and that detailed information regarding those efforts would be included in upcoming newsletters to inform patrons. Director Mosely and City Manager Heather Balser stated that City staff would work with Boulder County Public Health officials and follow all recommended protocols should a positive COVID-19 case involving a member of the public occur at the Recreation Center. City Manager Balser stated City staff protocols and guidelines are already in place and are updated regularly. Finance Committee Chairperson Maloney stated that, because this issue involves the budget and potential General Fund transfers, he would like a further discussion added to the August 2020 Finance Committee Meeting agenda. The reports and corresponding narrative can be located in the packet of the July 21, 2020 Finance Committee Meeting. ENTERPRISE DASHBOARDS Golf Course and Recreation Center Director of Parks, Recreation and Open Space Nathan Mosely presented the second quarter dashboard for the Golf Course and Recreation/Senior Center. Director Mosely stated that the overall golf course revenue in the second quarter exceeded budget projections overall by just 2%, but that greens fees revenue exceed budget by 19%. Director Mosely stated green fee and annual pass revenue were very strong but other revenue sources like the Pro Shop have suffered due to the pandemic restrictions. Director Mosely stated that staff have reduced their expenditures while still hiring some seasonal maintenance and operations staff. Director Mosely stated the third quarter is generally when the golf course earns enough revenue to carry it through the remainder of the year, but it is uncertain whether that will hold true this year. 0