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2019-05-28 Finance Minutes
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2019-05-28 Finance Minutes
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1/14/2021 12:13:17 PM
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5/31/2019 10:52:11 AM
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Council Committees
Committees Date (mm/dd/yy)
05/28/19
Committee Name
Finance 2017-2020
Record Type
Minutes
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Finance Committee Minutes May 28, 2019 <br />Committee to consider funding options and provide a recommendation to the full Council. <br />Options available include Streamlined Sales Tax (SST) Mitigation payments, estimated at around <br />$4 million over the next four years. These were unexpected and unbudgeted and would be <br />appropriate to use for a one-time cost. Other options include unallocated Fire Impact Fees, <br />contingency, ending fund balance, additional debt, and dedication of project sales tax. <br />Committee members expressed initial support for using the SST funds and directed staff to <br />return with a model reflecting that scenario. DISCUSSION ONLY. RETURN TO COMMITTEE. <br />III. MISCELLANEOUS <br />Adjourned at 6:39 p.m. <br />till Committee Chair Approval <br />Minutes by LH <br />
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