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City Council Finance Committee <br />Meeting Minutes <br />February 16, 2023 <br />Page 5 of 5 <br />Councilmember Hamlington agreed that forward -looking projections are important and added that <br />historic data is useful (such as the pre-COVID and pre -Marshall Fire numbers) to see what is <br />happening now. She requested any unexpected data/trends be identified with possible explanations <br />as to why. <br />Councilmember Hoefner asked to see a breakdown of online versus brick -and -mortar sales tax data. <br />Write Offs: <br />The Director of Finance provided the write-offs to the committee. He noted that minor variances up to <br />$100 are able to be written off and the majority are rounding issues in the system. This write off is <br />about $30. This is just information for the committee to know there are a few items being written off <br />in this an annual process. <br />Questions from the Committee: <br />Councilmember Hoefner asked what the source of this amount is. The Tax Manager noted that the <br />City's system rounds to the nearest dollar and we don't try to collect that small amount. The Director <br />of Finance noted that he will research and provide information on any other write off items. <br />Items for the Next Regular Meeting, scheduled for March 16, 2023 9:00-11:00 AM: <br />• 2022 EOY Revenues, Expenditures & Changes in Fund Balances (Cash Basis) <br />• Rol lovers/Ca rryOvers/1st Budget Amendment <br />• Year End CIP Report <br />• Year End Cash and Investments <br />• Quarterly Reports <br />• Marshall Fire Update <br />• Open Space & Parks Tax Extension Update <br />• Top 50 Taxpayers <br />Items were approved for the next regular meeting. <br />Adjourn: The meeting adjourned at 11:03 AM. <br />7/71 <br />