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City Council Finance Committee <br />Meeting Minutes <br />10/20/20 <br />Page 4 of 5 <br />Information Technology Director Neves summarized information previously <br />provided and addressed questions from the Committee. The discussion focused <br />on in -ground fiber and public Wi-Fi that are both included in the Capital <br />Improvements Program request. The Committee requested that these two <br />components be split into two separate requests. <br />The reports and corresponding narrative can be located in the packet of the <br />October, 2020 Finance Committee Meeting. <br />STAFF REPORTS/UPDATES/DISCUSSIONS <br />Sales Tax Report for 2020 <br />Finance Director Watson presented the Sales Tax Reports for the Month Ended <br />August 31, 2020. These reports were developed using the normal "monthly" <br />format, not the enhanced "quarterly" format that was implemented for the past five <br />months. These reports were placed on the City's Website on October 2, 2020. <br />Director Watson reminded the Committee that the August 2019 revenue contained <br />almost $1 million of one-time audit revenue, so comparisons to 2019 are difficult. <br />The 2019 audit revenue was been taken into account for the 2020 projection of the <br />negative 13% projection for 2020. <br />The reports and corresponding narrative can be located in the packet of the <br />October, 2020 Finance Committee Meeting. <br />2020 Work Plan <br />No changes were requested by Finance Committee Members. <br />Council Member Lipton requested that the latest revenue projections developed at <br />the October 13 Utility Committee Meeting be included in the November 17 budget <br />presentation. City Manager Balser confirmed that this new information would be <br />used for the Utility Funds. <br />DISCUSSION ITEMS FOR THE NEXT REGULAR MEETING <br />The November regular Finance Committee Meeting is scheduled for Tuesday, <br />November 17, 2020 at 3:00 p.m. <br />Items scheduled for discussion at the next meeting include: <br />• Non -Profit Grant Applications <br />• Charges for Services and Fees for 2021 <br />• Sales Tax Report for the Quarter Ended September 30, 2020 <br />• Other Quarterly Reports <br />5 <br />