Finance Committee Agenda and Packet 2022 01 24

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City Council Finance Committee Meeting Minutes 12/17/21 Page 2 of 3 APPROVAL OF THE MINUTES FROM THE OCTOBER 18, 2021 MEETING The Finance Committee approved the October 18, 2021 minutes as presented. DASHBOARDS — 3RD QUARTER 2021 Kurt Kowar, Public Works Director, presented the 3rd quarter 2021 Dashboards for the Water, Wastewater, and Storm Water utilities. The Committee discussed the information and requested more detailed information on water production and usage. Nathan Mosley, Parks & Recreation Director presented the 3rd quarter 2021 Dashboards for the Recreation & Senior Center and for the Golf Course. The Committee discussed the information and requested additional information on Recreation Center visitations. The Committee also discussed the possibility of transitioning to electric equipment and purchasing more water for the Golf Course. The dashboards and corresponding narrative can be located in the packet of the December 17, 2021 Finance Committee Meeting. FINAL 2021 ASSESSED VALUATION Kevin Watson, Finance Director presented the final 2021 assessed valuation amounts for the City and the Urban Revitalization District. Director Watson reminded the Committee that the 2021 assessed valuations determine the property tax revenue for 2022 and that the preliminary assessed valuations were used to develop the 2022 budget. The final valuations were very similar to the preliminary valuations. The letters from the Boulder County Assessor and corresponding narrative can be located in the packet of the December 17, 2021 Finance Committee Meeting. 2022 WORK PLAN Dennis Maloney, Mayor Pro Tern presented an initial draft of the 2022 work plan for the consolidated Finance/Utility Committee. Mayor Pro Tern Maloney asked for two additions: A review of the renewal and replacement reserve for the Recreation Center in April and a review of 2021 ending fund balances in May. Mayor Stolzmann asked the Committee to include the Disposable Bag Tax implementation at the January meeting. The preliminary work plan can be located in the packet of the December 17, 2021 Finance Committee Meeting.