Finance Committee Agenda and Packet 2021 02 15

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City Council Finance Committee Meeting Minutes 01 /25/20 Page 4 of 4 Director Watson informed the Committee that Sales Tax revenue, excluding audit revenue, is down 3.6% in 2020 compared with 2019. Including audit revenue, sales tax revenue is down by approximately 10%. The 2020 projections used during the biennial budget development were a negative 13% The reports and corresponding narrative can be located in the packet of the December 15, 2020 Finance Committee Meeting. Budget Document Update Kevin Watson, Finance Director, informed the Committee that a digital copy of the 2021-2022 Biennial Operating & Capital Budget document was placed on the City's Website January 12, 2021. A bound paper edition was placed in each Council Member's mail box on January 23, 2021. The reports and corresponding narrative can be located in the packet of the January 25, 2021 Finance Committee Meeting. Finance Committee 2021 Work Plan Mayor Pro Tern Maloney facilitated the discussion on the Committee's current Work Plan. The reports and corresponding narrative can be located in the packet of the January 25, 2021 Finance Committee Meeting. DISCUSSION ITEMS FOR THE NEXT REGULAR MEETING The December regular Finance Committee Meeting is scheduled for Monday, February 15, 2021 at 4:00 p.m. Items scheduled for discussion at the next meeting include: • Presentation from Chandler on Economy and Investments • Remaining Quarterly Reports, Including 4t" Quarter Sales Tax Report • Proposed Write-offs of Uncollectible Accounts Receivable ADJOURN The meeting was adjourned at 5:40 p.m.