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City Council Finance Committee <br />Meeting Minutes <br />12/15/20 <br />Page 2 of 5 <br />2021 WORK PLAN <br />Mayor Pro Tern Maloney introduced the preliminary 2021 work plan, explained the <br />overall structure of the work plan document, and facilitated the discussion. <br />Major initiatives include: <br />• Impact Fees <br />• SUTS System <br />• Windy Gap Financing <br />• 2022 Annual Budget <br />• Renewal & Replacement for Recreation Center and Golf Course <br />• COVID-19 Financial Impacts and Projections <br />The reports and corresponding narrative can be located in the packet of the <br />December 15, 2020 Finance Committee Meeting. <br />NEW MEMBER ORIENTATION — FUND STRUCTURE AND RESTRICTED <br />REVENUE <br />Kevin Watson, Finance Director, presented a brief overview of the City's fund <br />structure and facilitated the discussion. <br />Governmental Funds <br />• General Fund <br />• Special Revenue Funds <br />o Open Space & Parks Fund <br />o Conservation Trust — Lotter Fund <br />o Cemetery Fund <br />o PEG Fees Fund <br />o Parking Improvement Fund <br />o Historic Preservation Fund <br />o Recreation Fund <br />• Capital Project Funds <br />o Capital Project Fund <br />o Impact Fee Fund <br />• Debt Service Funds <br />o Recreation Debt Service Fund <br />• Permanent Funds <br />o Cemetery Perpetual Care Fund <br />3 <br />