Finance Committee Agenda and Packet 2021 03 15

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City Council Finance Committee Meeting Minutes 02/15/21 Page 3 of 5 per individual account. Requests to write-off accounts greater than $100 must be approved by the Finance Committee. The total proposed write-off amounted to $147.64 and there were no accounts that were over $100. The Committee unanimously approved the write-off by motion. The reports and corresponding narrative (except for those deemed confidential) can be located in the packet of the February 15, 2021 Finance Committee Meeting. REVIEW OF TOP-50 REPORTING ENTITIES Kevin Watson, Finance Director, presented two lists of sales tax generating businesses: • A list of the Top-50 taxpayers that were selected for 2020, based on receipts from 2019; and • A list of the Top-50 taxpayers selected for 2021, based on receipts from 2020. Changes between the two lists were highlighted and discussed by the Committee. The reports and corresponding narrative (except for those deemed confidential) can be located in the packet of the February 15, 2021 Finance Committee Meeting. CAPITAL IMPROVEMENT PROGRAM REPORT FOR THE QUARTER ENDED DECEMBER 31, 2020 Kevin Watson, Finance Director, presented the Capital Improvements Program report for the fourth quarter ended December 31, 2021. The report summarizes all capital projects that were budgeted for 2020 based on the current December 31, 2020 financial data and input from the project managers. Director Watson noted that amounts are not the final year-end amounts for 2020 and that a final report will be brought back at a later date. This report is being presented now to give the Committee a first look at what the final year-end status of the 2020 capital projects. The reports and corresponding narrative can be located in the packet of the February 15, 2021 Finance Committee Meeting. El