Finance Committee Agenda and Packet 2021 02 15

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City Council Finance Committee Meeting Minutes 01 /25/20 Page 3 of 4 The total premium for all lines of coverage amounted to a 12.4% increase over the 2020 premium. The City budgeted for a 10% increase in 2021. The 10% was factored on the total premium plus the supplemental deductible buy -down premium that the City purchased in March of 2020. Staff is not yet certain whether to recommend renewing the deductible buy -down policy, which will be due in March. The reports and corresponding narrative can be located in the packet of the January 25, 2021 Finance Committee Meeting. ENTERPRISE DASHBOARDS Nathan Mosley, Director of Parks, Recreation, & Open Space, David Baril, Head Golf Professional, and Kathy Martin, Recreation Superintendent presented the 4th Quarter 2020 dashboards for the Golf Course and Recreation Center. Director Mosely and David Baril noted that the Golf Course saw significant increases in rounds and revenue for the 4th quarter and for the entire year. Total rounds for 2020 were 10% higher than 2019. Total revenue per playable -day was up by 27% Director Mosely noted the Recreation Center saw a 64% reduction in visits for 2020 as compared to 2019. However, actual revenue came in 21 % higher than the revenue projections used during the budget development. Director Mosely also reviewed the main pass types for the Committee (resident, non-resident, silver sneakers, and monthly adult). Director Mosely projected five years of recovery before reaching 2019 revenue totals. Director Mosley and Kathy Martin discussed some hesitancy in Reaction Center participants, noting that they are not currently filling to the new capacity levels. The reports and corresponding narrative can be located in the packet of the January 25, 2021 Finance Committee Meeting. STAFF REPORTS/UPDATES/DISCUSSIONS November Sales & Use Tax Update Kevin Watson, Finance Director, presented a copy of the November Sales Tax Reports that were placed on the City's Website on January 4, 2021. Director Watson reminded the Committee that this was a monthly report and that next month the December quarterly report will be a regular item on the Finance Committee agenda.