Finance Committee Agenda and Packet 2020 10 20

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City Council Finance Committee Meeting Minutes 09/15/20 Page 5 of 6 Finance Committee Member Chris Leh asked Director Watson how the mailing list for distributing the grant applications was derived. Member Leh stated the City may need to look harder for more diverse applicants that may not be as savvy to these grant opportunities as other larger organizations. Director Watson stated that all previous grant applicants are notified and that the grant program information is published on the City's website and available to any entity to apply. Member Leh stated he would like to see the $44K for 2020 increased. Chairperson Maloney stated that City Council will be discussing COVID-19 related community needs on October 6, and that there are many avenues of assistance and revenue sources available that need to be coordinated to provide residents the best and most useful assistance. Member Leh requested other Finance Committee members keep an open mind to changes in the City's grant program. All Members agreed the focus for this years' program will be different and geared to making the biggest impacts where the needs are greatest. The reports and corresponding narrative can be located in the packet of the September 15, 2020 Finance Committee Meeting. STAFF REPORTS/UPDATES/DISCUSSIONS Preliminary Assessed Valuation Finance Director Watson stated that Boulder County would be issuing the valuations to jurisdictions around October 13, and that he hoped to have the information available for the Committee at its next meeting. 2020 Work Plan No changes were requested by Finance Committee Members. DISCUSSION ITEMS FOR THE NEXT REGULAR MEETING The October regular Finance Committee Meeting is scheduled for Tuesday, October 20, 2020 at 3:00 p.m. Items scheduled for discussion at the next meeting include: • Operating & Capital Budget • Preliminary Assessed Valuation • Fees/Charges for Services • Quarterly Revenue Projection Dashboards ADJOURN 0