Finance Committee Agenda and Packet 2023 01 23

Home Browse Search

The Deputy City Manager presented the process for running the program and there was a discussion about whether the committee would like to review how this program is run and make changes in 2023. The committee agreed that the program is running well and it's important to ensure the program is visible and available to the community and that organizations are encouraged to apply for support. Staff Reports/Updates/Discussions: Update of Third Quarter Bag Tax Revenue and Compliance The Tax Manager presented the Q3 Bag Tax revenue and compliance. There was a discussion around the data presented and the ultimate goal of the program to stop using disposable bags. The City manager noted that this year was focused on education and working with the business community in rolling out the program. Staff continue to work on strategies to increase compliance and identifying businesses that don't use disposable bags. 2023 Work Plan Director Runkle provided the 2023 Work Plan to the committee; not much changed from last year and it is still a work in progress. The Deputy City Manager reminded the committee that there was a request from Council during the budget discussion for the Finance Committee to look at the policies on financial reserves for natural disasters. Mayor Pro-Tem Maloney asked that this topic be included on the agenda in Q1 of 2023. He also noted that Open Space Use Tax expires in the beginning of 2024 and it will need to be on the ballot for 2023. Discussions on the Open Space Use Tax will also be needed in Q1. The City Clerk noted that Council is scheduled to discuss the Open Space Use Tax in January. General Fund balance should also be reviewed in Q1 or Q2. The Deputy City Manager reminded the committee that there have been discussions around reviewing impact fees as part of the comp plan process, which might change the timing of when this would be reviewed in 2023. Mayor Pro-Tem Maloney noted that the review should be removed from major initiatives if it will be done with the comp plan. If we decide to continue the impact fees the way they are there should be a task force created from the comp plan process which may push this out to 2024. If that's the case, the impact fee structure would stay the same for now. Mayor Pro-Tem Maloney called for any other discussion topics. Councilmembers Brown and Leh had not further topics to discuss. Potential Items for Next Regular Meeting, scheduled for January 23, 2023: • Financial reserves for natural disasters • Open Space Use Tax • General Fund Balance Items were approved for the next regular meeting. Adjourn: The meeting adjourned at 5:25PM. 9