Finance Committee Agenda and Packet 2023 09 21

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City Council Finance Committee Meeting Minutes August 17, 2023 Page 4 of 5 Tax Revenue Reports: The Sales Tax Auditor presented the tax revenue report to the committee. Questions from the Committee: Councilmember Hamlington asked if projections are based on prior year performance trends to predict the projections? It was noted that prior -year performance is used to predict trends. Councilmember Hamlington asked how these projections were made given that the past few years have been unusual, how are we confident in the projections? The Tax Auditor noted that this has been the top difficulty in determining trends. The years prior to COVID were also used to develop these projections for coming years. Mid -year Bag Tax Report: The Sales Tax Auditor presented the mid -year bag tax report to the committee. There was a discussion around the origination of the bag tax fees and the state fees in addition to City fees. Questions from the Committee: None. Enterprise Dashboards: The Director of Parks, Recreation and Open Space introduced the Parks, Recreation and Open Space second quarter dashboards. The Head Golf Professional presented on the Golf Course dashboard through June. The Recreation Superintendent presented the Recreation & Senior Center dashboard. Questions from the Committee: None. Chair Dickinson cautions against increasing golf fees. Councilmember Most noted that she generally would not support golf fees to be raised, noting that, if fees need to be raised, we should raise them for non- residents first while considering ways to provide lower fees for low/moderate income residents. As a city we need to consider the impact of all decisions we make on low/moderate income residents. Councilmember Hamlington asked how much of the recreation program and membership revenue is from residents versus other people using our facilities. PROS will include the data on resident versus non- resident revenues in the future. Finance Director Updates: The Finance Director introduced the new Sales Tax Manager. The finance team is working on the 2024 budget to be presented at upcoming Council meetings. Questions from the Committee: None. Items for the Next Regular Meeting, scheduled for September 21, 2023, 9:00-11:00 AM: • 2024 Budget • Sales Tax Reports 6/21