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City Council Finance Committee <br />Meeting Minutes <br />August 21, 2025 <br />Page 2of3 <br />Aye: Hoefner, Hamlington, Cooperman <br />Nay: None <br />Absent: None <br />PUBLIC COMMENTS ON ITEMS NOT ON THE AGENDA <br />None <br />BUDGET UPDATE AND BUDGET RETREAT RECAP <br />Director Bailey stated that the Budget Retreat was nearly 5 hours long, but the input and <br />direction provided by Council allowed staff to make significant progress toward a <br />structurally balance plan for 2026. <br />During Director Bailey's presentation there was a brief discussion regarding insurance. <br />Q2 2025 REVENUE, SALES AND BAG TAX REPORT <br />Sales Tax Accountant / Auditor Zeas provided the committee with updates for June 2025 <br />revenue, sales and use tax collections. <br />Q2 FINANCIAL UPDATE (RECEIVE AND FILE) <br />Chair Hoefner noted this item was received and filed by the committee. <br />Q2 CASH AND INVESTMENT REPORT (RECEIVE AND FILE) <br />Chair Hoefner noted this item was received and filed by the committee. <br />Q2 ENTERPRISE DASHBOARDS (RECEIVE AND FILE) <br />Chair Hoefner noted this item was received and filed by the committee. <br />FINANCE DIRECTOR UPDATES <br />