Finance Committee Agenda and Packet 2023 04 20

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City Council Finance Committee Meeting Minutes February 16, 2023 Page 4 of 5 There will be a presentation on rebuilding permit fees and expenses at a future meeting. Councilmember Most expressed appreciation for all the work Staff has done on Marshall Fire recovery and requested that Staff communicate this information to the community so it's apparent what the lingering effect of the fire is on the City. She also requested that Staff provide an estimate of the amount of staff time spent on fire recovery and reimbursement processes. Questions from the Committee: Councilmember Hoefner asked if there is an estimated timeline to close the projects with FEMA. The Deputy City Manager noted that FEMA is moving our projects to closure pretty quickly. We expect our projects to be closed in the next year or so with the exception of the street and sidewalk projects as we don't anticipate starting repaving until after more reconstruction has been completed. Water meters is also another long-term project as homes have to be completed before those are installed. Chair Dickinson commended Staff on the work done and the effort required to pursue funding to assist with the Marshall Fire recovery. Councilmember Hamlington asked about the generator projects being a separate line item. The Assistant City Manager confirmed that the generator project is a separate application that is not yet complete. The City is working with the state on this application and will report on this project at a future meeting. EOY Report Bag Tax: The director of finance provided the 2022 bag tax report to the committee. Questions from the Committee: Councilmember Hamlington asked if the grocery data is brick and mortar grocery only. Staff noted that the report is by industry only and that the data indicating brick and mortar versus delivery can be provided. Councilmember Hamlington noted that this information could help target further bag use reduction. EOY Report Sales Tax: The Director of Finance provided the 2022 sales tax report to the committee. We're up 14% year over year, which is pretty significant. There are a lot of ways we can present this data and this report will be iterative over time. The Director of Finance asked the committee what metrics it would like to see. Questions from the Committee: Chair Dickinson that identifying trends and projections/forecasting are important, especially in light of the effects of COVID and the Marshall Fire. This information will inform the City's budgeting process and hopefully make Council more effective in budget planning. 6/71