Finance Committee Agenda and Packet 2023 08 17

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W�i'y�f Louisville COLORADO - S tWl" E S ti City Council Finance Committee ITEM #1 9:00 AM I Thursday, June 15, 2023 Virtual Meeting via Zoom Regular Meeting Call to Order — Councilmember Hoefner called the meeting to order at 9:04 AM and took roll call. Committee Members Present: Yes Councilmember Dickinson Yes Councilmember Hamlington Yes Councilmember Hoefner Staff Present: Jeff Durbin, City Manager Ryder Bailey, Director of Finance Ligea Ferraro, Executive Administrator Kim Baker, Accounting Manager Meredyth Muth, City Clerk Adam Blackmore, Director of Parks, Recreation, and Open Space Kurt Kowar, Director of Public Works and Utilities Cory Peterson, Deputy Director of Utilities Kathy Martin, Recreation Superintendent Mahyar Mansurabadi, Sales Tax Specialist Others Present: Mayor Maloney Mayor Pro Tem Fahey Mike Kranzdorf Approval of Agenda: Councilmember Hamlington made a motion to approve the agenda, seconded by Councilmember Hoefner. Agenda was Approved. The Director of Finance requested to move item 2 to after item 4. Agenda change approved. Approval of May 18, 2023 Meeting Minutes: Councilmember Dickinson made a motion to approve the minutes, Councilmember Hoefner seconded. Minutes were Approved. Public Comments on Items Not on the Agenda: None. Rec Center Renewal & Replacement Calculation: The Recreation Superintendent presented the history of the Recreation and Senior Center expansion and the sales taxes that were approved to support the facility. The Director of Finance noted that the actual inventory that feeds into the spreadsheet data wasn't included in the committee packet, adding that this process is about making sure the equipment is replaced and repaired as needed. He reviewed the spreadsheet with the committee. Questions from the Committee: Finance Department 749 Main Street Louisville CO 80027 303.335.4500 (phone) 303.335.4513 (fax) LouisvilleCO.gov 3/57