Finance Committee Agenda and Packet 2019 11 22

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City Council Finance Committee Meeting Minutes 10/25/19 Page 3 of 6 nearing build -out and with the substantial growth of the surrounding area, there is increased competition for the remaining water. Director Kowar stated that Louisville has added the ability for a business to bring their own water to the City in lieu of paying a tap fee. Mayor Muckle stated he was in favor of offering this option to developers and supports the increase in tap fee costs to cover City - provided water. Director Kowar stated that these fees have not been presented to City Council in the past, and are generally approved by the City Manager. Director Kowar stated the City is being consistent and operating on the basis of recovering actual costs to provide services. City Manager Balser stated that the City is following its Municipal Code, and that the fees are not being set arbitrarily. Manager Balser concurred that the CMO and staff set the tap fees and are providing 2-3 months' notice before the change. Member Lipton stated that the City should consider amortizing these fees and to prevent growing fund balances. Director Kowar stated that funding is needed to respond to immediate needs and that there are plans to continue to buy water. Mayor Muckle stated fund balances would not accumulate but rather be spent to buy water. Finance Committee Members and staff agreed that this topic would be added to the October 30 Utility Commission agenda. Finance Committee Chairperson Maloney stated he would like to recommend Finance Committee support of the proposed 2020 fees and charges to the full City Council. Mayor Muckle stated he would support recommendation and that he was satisfied with the process and review. Member Lipton requested the Chairperson state that the majority of the Finance Committee supports the fees and charges. The report and corresponding narrative can be located in the packet of the October 25, 2019 Finance Committee Meeting. DASHBOARDS FOR THE QUARTER ENDED SEPTEMBER 30, 2019 Golf Professional David Baril handed out the quarter -end dashboard for the Coal Creek Golf Course to the Finance Committee. Mr. Baril stated that the golf course has experienced two record quarters in 2019 — the worst, 2nd quarter, and the best, 3rd quarter. Finance Committee Members and staff discussed the contract negotiations with Sweet Spot Cafe, golf course subsidies for Monarch High School, and that reduced water costs have helped with the golf course's expenses. Director of Parks, Recreation & Open Space Nathan Mosley presented the quarter - end dashboard for the Recreation & Senior Center. Public Works Director Kurt Kowar presented the quarter -end dashboard for Water, Wastewater and Storm Water to the Finance Committee. Director Kowar stated 4