Finance Committee Agenda and Packet 2023 10 19

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City Council Finance Committee Meeting Minutes September 21, 2023 Page 5 of 5 Grant revenue calculations are based on communications with all departments. If they are budgeted, these are awards and we are fairly confident that the funds will come in. If the revenue doesn't come in, the expense won't be incurred. Councilmember Hoefner requested additional information on the Water Treatment Plant expense and piping of the lateral ditch between the water treatment facilities. The Director of Public Works provided additional information to the committee on these projects, noting that the final 2023 revenues will drive the expenditures. Questions from the public: Councilmember Most noted that one of her big concerns related to the Rec Center is how much wasted space is at the Rec Center and asked if there is any space that could be converted where smaller investments could create office space. The CM noted that this has been the City's approach for many years and it's not a sustainable approach. He added that the Redtail property might be a good future opportunity to capitalize on in the future. Finance Director Updates: The Finance Director had no updates for this meeting. Questions from the Committee: None. Items for the Next Regular Meeting, scheduled for October 19, 2023, 9:00-11:00 AM: • Sales Tax Reports • Review of Water Issues • Cash and Investments Report • Marshall Fire Updates, if needed • Open Space & Parks Sales and Use Tax Extension Update, if needed Items were approved for the next regular meeting. Adjourn: The meeting adjourned at 11:02 a.m. 7/47