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City Council Finance Committee <br />Meeting Minutes <br />07/21 /20 <br />Page 5 of 7 <br />Director Mosely stated that the Recreation Center visits declined 46% and there <br />has been a 67% decline in program revenue due to the closure of the facility March <br />14 — June 30. <br />Director Mosely stated that he would work with Business Data Analyst Nat Ahrens <br />to correct the fund balance reported to include operational and renewal and <br />replacement reserves. <br />Finance Committee Members and staff discussed that it was hoped valuable <br />2019/2020 comparative data would be available, and that it is disappointing the <br />pandemic and subsequent revenue impacts undermine the value of the data and <br />dashboard. <br />Utilities <br />Finance Committee Member Lipton asked if the Utility Committee has reviewed <br />the dashboard data. Director of Public Works Kurt Kowar stated that preliminary <br />data was reviewed by the Utility Committee a couple of months ago and that the <br />second quarter data would be provided at next week's scheduled meeting. <br />Finance Committee Members and staff discussed that the Chairs of the Finance <br />Committee and Utility Committee should coordinate the review and presentation <br />of Utility dashboard data. <br />Director Watson stated that providing the Utility dashboard has been part of the <br />standard quarterly report presentation to the Finance Committee, but that the <br />dashboard can be provided to the Utility Committee first and later reviewed by the <br />Finance Committee. <br />Public Works Director Kowar stated that he would combine any changes to the <br />CIP requests at the budget retreat with the dashboard data for discussion at the <br />next Utility Committee Meeting. <br />The reports and corresponding narrative can be located in the packet of the July <br />21, 2020 Finance Committee Meeting. <br />REVENUE PROJECTION DASHBOARDS <br />Finance Director Kevin Watson presented to the Finance Committee the revenue <br />projection dashboards as of July 16, 2020. <br />Director Watson stated that the projections are unchanged to those previously <br />presented and discussed with the Finance Committee, and will be updated as <br />information becomes available. Director Watson stated that he has received <br />projections from departments for the current year 2020 as well as 2021-2026. <br />N <br />