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City Council Finance Committee <br />Meeting Minutes <br />July 17, 2025 <br />Page 2 of 3 <br />PUBLIC COMMENTS ON ITEMS NOT ON THE AGENDA <br />None <br />EXTERNAL AUDITOR'S ANNUAL AUDIT REPORT <br />Director Bailey introduced Janeen Hathcock from Eide Bailly who gave the External <br />Auditor's Annual Report. <br />There was no committee discussion, and the report was received and filed. <br />EXTERNAL AUDITOR SELECTION COMMITTEE RECOMMENDATION <br />Director Bailey gave the presentation and recommended Eide Bailly be retained as the <br />City's External Auditor. <br />Alex Arrndt from Eide Bailly gave a short presentation. <br />Council Direction — The Finance Committee agreed with the recommendation to retain <br />Eide Bailly and directed the staff to forward to City Council. <br />INITIAL 2026 UTILITY RATE PRESENTATION AND DISCUSSION <br />Deputy Director Peterson gave the staff report on the proposed 2026 Utility Rates. <br />Council Question and Discussion <br />Public Comment — Sherry Sommers regarding Red Tail Ridge <br />MONTHLY REVENUE AND SALES TAX REPORT <br />Sales Tax Accountant / Auditor Zeas provided the committee with updates for May 2025 <br />revenue, sales and use tax collections. <br />FINANCE DIRECTOR UPDATES <br />Director Bailey mentioned the budget retreat on July 23. <br />12/106 <br />