Finance Committee Agenda and Packet 2018 07 16

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City Council Finance Committee Meeting Minutes 06/15/18 Page 3 of 7 rate to annually adjust such miscellaneous fees. Ms. Hogan reviewed the inflation rate calculation with the Finance Committee Members and suggested that such fees be reviewed each July with a January effective date. Finance Committee Member Lipton stated that the liquor license fees should also be subject to the 5% inflation rate. City Manager Balser stated that they would be increased up to the cap for fees set by the State. Finance Committee Chairperson Maloney stated that Building Permit fees are currently being reviewed and should be excluded from use of the inflation rate at this time. Member Lipton asked if the use of an inflation escalator needs to be added to the City's Financial Policies. Director Watson stated that language can be added to the existing policy that requires fees to be increased by an annual inflator. The Finance Committee requested a draft of the amended policy be brought back to the Committee at its regular July meeting. City Manager Balser asked when the annual review of fees, rates and charges should be completed. Member Maloney stated that the fees, rates, and charges should be reviewed and calculated prior to the start of the budget cycle. Chairperson Maloney also requested City Manager Balser present an overview of this new process to the full Council at the July retreat. Mayor Muckle thanked Finance Committee Chairperson Maloney for his efforts regarding the City's fees, rates and charges and would like to see a fiscal policy regarding the setting of fees in lieu of review by the Finance Committee. The list of fees, rates and charges, and corresponding narrative can be located in the packet of the June 15, 2018 Finance Committee Meeting. CITY PROGRAMS, GOALS & KEY PERFORMANCE INDICATORS Assistant to the City Manager Emily Hogan presented the final redlines of the Key Performance Indicators (KPI's) and Goals, for 38 City Sub -Programs to the Finance Committee. Ms. Hogan stated that the Finance Committee, a Council Sub -Committee, and staff have worked diligently to complete these redlines. City Manager Balser stated that these final redlines for 2019/2020 will be presented to the full Council at the July 3, 2018 meeting for any additional changes. Ms. Balser stated that once approved, staff will begin collecting data which will be due in August. Finance Committee Chairperson Maloney stated that the challenge will be on how the data is collected rather than on the KPI's themselves. 4