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City Council Finance Committee <br />Meeting Minutes <br />March 21, 2024 <br />Page 4 of 4 <br />There was a discussion around whether the increases of inside City Area sales tax revenue are part of an <br />inflationary rate. Councilmember Kern asked to identify where more inside sales might be replacing outside <br />the city sales to know if we're losing sales in total at future meetings. <br />There was a discussion around how ordering groceries from a neighboring city affects Louisville sales tax <br />revenues. <br />There was a discussion around how new businesses affect the increases seen in the report. <br />Public Comments: none <br />Finance Director Updates: <br />The Finance Director provided updates on the sales tax team new hires and commented that the team is <br />now fully staffed. <br />There was a Comprehensive Plan Presentation at the Recreation and Senior Center last night and the next <br />one will be held in June. <br />Closing Questions/Comments from the Committee: None. <br />Items for the Next Regular Meeting, scheduled for April 18, 2024, 4:00-6:00 PM: <br />• 2023 EOY Revenues, Expenditures & Changes in Fund Balances (Cash Basis) <br />• 2023 Year End Capital Improvement Program (CIP) Report <br />• Rol lovers/Ca rry-Overs/2nd Citywide Budget Amendment <br />Review of Fiscal/Reserve Policies <br />• Monthly Revenue & Sales Tax Report <br />Items were approved for the next regular meeting. <br />Councilmember Hamlington motioned to adjourn the meeting. Councilmember Kern seconded. <br />Adjourn: The meeting adjourned at 5:11 PM <br />• i1 <br />