Finance Committee Agenda and Packet 2024 03 21

Home Browse Search

City Council Finance Committee Meeting Minutes February 22, 2024 Page 3 of 4 The committee unanimously supported the budget amendment to be presented to the City Council. Public Comments: Helen Moshak commented she prepared a statement based on the numbers in the packet and she will provide that to the committee. She expressed her enthusiasm and support for the use of the new revenue from ballot measure 2C in improving the city's open space programs. She expressed concern for the general fund transfer going only to the parks fund. Sherry Sommer asked why the general fund transfer is going to only parks. Susan McEachern expressed a desire to make sure we are robustly funding acquisitions in the budget and noted that it's important for the money to be put into an acquisitions fund for if appropriate properties come up for sale. Cindy Bidell echoed support to pave the way for immediate acquisitions for open space and noted the longer we delay the more it will cost to acquire properties. She reminded the group that GOCO Colorado also helps with acquisitions, as does the Conservation Fund. 2023 Year End Revenue, Sales and Bag Tax Reports: The Sales Tax Auditor presented the 2023 fiscal year end revenue, sales, and bag tax reports. There were a few changes made to the report and the Sales Tax Auditor identified the changes for the committee. Committee Comments: Appreciation was expressed for the thoroughness of the report. Write-off of Accounts Receivables: The Director of Finance presented a summary of the accounts receivable write offs for 2023. Finance Director Updates: The Finance Director had no additional updates. Questions from the Committee: None. Items for the Next Regular Meeting, scheduled for March 21, 2024, 4:00-6:00 PM: • Bag Tax Funded Programming update. Bag Tax 2023 Year End Report 2023 Year End Cash and Investments • Chandler Investment Presentation - Economy & Investments • Monthly Revenue & Sales Tax Reports Items were approved for the next regular meeting. Councilmember Kern motioned to adjourn the meeting. Councilmember Hoefner seconded. 5/91