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City Council Finance Committee <br />Meeting Minutes <br />08/18/20 <br />Page 5 of 6 <br />proposed revenue projection changes which would be used for the budget <br />process. <br />Member Leh stated he has a great deal of confidence in Director Watson's analysis <br />and recommendations, and had no objections. Member Lipton asked Director <br />Watson what his level of confidence is in the revised projections. Director Watson <br />stated that the data coming in supports his projections, but that the question is <br />whether or not the Committee is confident in having these numbers used for the <br />budget process. The Finance Committee unanimously agreed to accept the <br />revenue projection revisions proposed by Director Watson. <br />Chairperson Maloney asked if the revenue projections for the Recreation Center <br />were the previous numbers provided under the "best case" scenario. Director <br />Watson confirmed, but stated those would be amended to reflect the use of the <br />,'most likely" scenario model discussed earlier. <br />The reports and corresponding narrative can be located in the packet of the August <br />18, 2020 Finance Committee Meeting. <br />STAFF REPORTS/UPDATES/DISCUSSIONS <br />Update on Sales & Use Tax Software Project (SUTS) and CIVIL Model Ordinance <br />Finance Committee Chairperson Maloney stated he met with Director Watson and <br />Tax Manager Bolte to develop a project schedule, milestones, and financial <br />analysis for ongoing discussions of the SUTS project. <br />2020 Work Plan <br />Chairperson Maloney stated the Committee had earlier agreed to add Chandler <br />Asset Management to the agenda for the September 2020 Finance Committee <br />Meeting. <br />Director Watson noted that the KPI review is on the September agenda, and asked <br />the Committee if they still wanted to do a preliminary review. <br />Assistant City Manager Emily Hogan stated that the data has been updated for <br />2020 KPI's with estimates for the end of the year, as well as estimates for 2021 <br />and 2022. Finance Committee Member Leh stated that a review may not be <br />necessary prior to the budget presentation, but that he would like to see the final <br />report. Finance Committee Member Lipton asked if the list has been coded for <br />"traffic -light" analysis to make the review of the KPI's easier. Assistant Manager <br />Hogan stated the report does not yet reflect that specific color -coding, but that the <br />report can highlight the areas that are not meeting their respective effectiveness <br />targets. <br />0 <br />