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City Council Finance Committee <br />Meeting Minutes <br />08/16/19 <br />Page 3 of 7 <br />values. Members and staff agreed there needs to be more precision and clarity <br />for where expenditure funding occurs. <br />Chairperson Maloney stated that he liked the linear presentation of the Financial <br />Dashboard provided by Member Lipton for the Recreation and Senior Center <br />contained on page 14. Chairperson Maloney stated it was hoped the Recreation <br />Center would be able to fund its Renewal & Replacement estimates. <br />Finance Director Watson informed the Finance Committee Members they could <br />set up a separate fund for the Renewal & Replacement if desired. Director Watson <br />stated the City's Financial Policies would need to change, but that it would allow <br />for the transfer of any excess revenue to an R & R Fund. <br />Finance Committee Members stated that the dashboard numbers need to be <br />updated and this item added to the September agenda. <br />Mayor Muckle stated that he liked the format of the new Recreation/Senior Center <br />Dashboard. <br />The reports and corresponding narrative can be located in the packet of the August <br />16, 2019 Finance Committee Meeting. <br />UTILITIES DASHBOARD <br />Public Works Director Kurt Kowar presented the Q2 Utilities — Storm Water <br />Dashboard to the Finance Committee. Director Kowar stated that he and Data <br />Analyst met with Finance Committee Chairperson Maloney, and that based on that <br />discussion, further updates are still needed. <br />Director Kowar stated that revenue is down 30% through July 2019, noting that <br />there has been no rate increase for two years. Accounting Manager Cara Golden <br />stated that consumption through July 2018 was 1.5M gallons, while consumption <br />through July 2019 was only 1M gallons. Finance Committee Members and staff <br />discussed weather and other variables. <br />Chairperson Maloney stated that he likes the new format and the conversations <br />the dashboard data promotes. Member Maloney noted that stair -step pricing could <br />be problematic. <br />The reports and corresponding narrative can be located in the packet of the August <br />16, 2019 Finance Committee Meeting. <br />RECREATION CENTER/GOLF COURSE FEES <br />4 <br />