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2020-04-21 Finance Minutes
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2020-04-21 Finance Minutes
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1/14/2021 12:13:15 PM
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4/22/2020 12:00:45 PM
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Council Committees
Committees Date (mm/dd/yy)
04/21/20
Committee Name
Finance 2017-2020
Record Type
Minutes
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4 <br />City Councit•Committee <br />Meeting Minutes <br />April 21, 2020 - 4:00 p.m. - Electronic Meeting due to COVID-19 Emergency <br />Councilmembers Present: Verna Seal, Chair; Kathy Hougardy, Zak Idan <br />StoffPresent: David Cline, Vicky Carlsen, Rick Still, Tony Cullerton, Laurel Humphrey <br />Chair Seal called the meeting to order at 4:00 p.m. <br />I. BUSINESSAGENDA <br />A. Financial Impacts from COVID-19 Emergency <br />Staff and Council members continued discussion of financial impacts of COVID-19, including <br />three different scenarios based upon the timeline of the "Stay Home, Stay Healthy" order, <br />cash flow considerations, and next steps for Council deliberation. <br />Committee question(s) requiring follow up <br />• Add projected revenues to table summary of assumptions (page 16 of memo). <br />• Return to committee 4/27/20 with capital fund impacts, additional department reductions <br />by program, and unemployment considerations. <br />• Return to committee 5/11 with decision tree <br />• Return to committee 6/8 with updated projections and sales tax data <br />Committee Recommendation <br />Return to committee on April 27, 2020 followed by Committee of the Whole discussion. <br />II. MISCELLANEOUS <br />The meeting adjourned at 4:32 p.m. <br />Committee Chair Approval <br />Minutes by LH, reviewed byTC <br />
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