Finance Committee Agenda and Packet 2021 01 25

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City Council Finance Committee Meeting Minutes 12/15/20 Page 4 of 5 STAFF REPORTS/UPDATES/DISCUSSIONS Discussion — Credit Card Convenience Fees Kevin Watson, Finance Director, presented a brief overview of credit card "convenience fees' and summarized the Committee's previous discussions on the subject in November 2018. The Committee expressed interest in revisiting this subject and asked staff to come back to the Committee with additional more detailed information The reports and corresponding narrative can be located in the packet of the December 15, 2020 Finance Committee Meeting. New Member Orientation — State Sales & Use Tax System As part of the new member orientation, Mayor Pro Tern Maloney introduced the Committee to the State's system/portal for collecting online sales tax. A Committee presentation from July 21, 2020 was included in the packet and the item was scheduled for further discussion at the March 2021 meeting. The reports and corresponding narrative can be located in the packet of the December 15, 2020 Finance Committee Meeting. GFOA Publication — Understanding Fiscal Health Kevin Watson, Finance Director, summarized the Government Finance Officers Association's (GFOA) has recently published Elected Official Guide (EOG) to Understanding the Fiscal Health of Your Community. A paper copy of the publication has been placed in each Committee Member's mail box for their review. The reports and corresponding narrative can be located in the packet of the December 15, 2020 Finance Committee Meeting. DISCUSSION ITEMS FOR THE NEXT REGULAR MEETING The December regular Finance Committee Meeting is scheduled for Monday, January 25, 2020 at 4:00 p.m. Items scheduled for discussion at the next meeting include: • Quarterly Reports that are Available • Property, Casualty, and Liability Insurance Review • Windy Gap Financing