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City Council Finance Committee <br />Meeting Minutes <br />June 20, 2024 <br />Page 4of4 <br />Councilmember Kern asked if this reduction will this affect the budget going forward. The Director of <br />finance confirmed that this will affect the budget. <br />Councilmember Hoefner commented that the $200,000 reduction doesn't feel like a major concern at this <br />time and suggested that the committee should keep an eye on it into Q3 for a future discussion. <br />Councilmember Hamlington agreed that this is something that needs to be included in future forecasting. <br />Councilmember Kern asked for this information to be provided to the entire council during the budget <br />process. <br />Public Comments: None <br />Finance Director Updates: <br />The Finance Director provided the following updates: <br />1. The finance department is working on the 2025-2026 budget development for the upcoming council <br />budget retreat. <br />Closing Ouestions/Comments from the Committee: None. <br />Items for the Next Regular Meeting, scheduled for July 18, 2024, 4:00-6:00 PM: <br />• Annual External Auditor's Report <br />• PWD Utility Rate Update <br />• Enterprise Dashboard Updates <br />• Monthly Revenue & Sales Tax Report <br />• Q2 2024 Chandler Investment Report <br />Items were approved for the next regular meeting. <br />Councilmember Kern motioned to adjourn the meeting. Councilmember Hamlington seconded. <br />Adjourn: The meeting adjourned at 4:54 PM <br />6/81 <br />