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HomeMy WebLinkAbout2020-07-27 Finance Minutes4 City Councit•Committee Meeting Minutes July27, 2020 - 5:30 p.m. - Electronic Meeting due to COVID-19 Emergency Councilmembers Present: Verna Seal, Chair; Kathy Hougardy, Kate Kruller StoffPresent: Allan Ekberg, David Cline, Jay Wittwer, Sherry Wright, Vicky Ca risen, Laurel Humphrey Chair Seal called the meeting to order at 5:30 p.m. I. BUSINESSAGENDA A. Financial Policies Update Staff updated the committee on a project to update and reorganize some of the City's financial policies. Staff will return with associated legislation for committee consideration. Committee Recommendation Discussion only. B. Fire Department 6 Month Financial Report Staff provided the Committee a midyear update on the Fire Department's budget as required by the proviso adopted in 2019. Item(s) requiring follow-up Clarify that the $8,015 in March overtime expenditures was related to the EOC operation. Committee Recommendation Discussion only. C. Budget Process & Calendar Staff updated the Committee on the budget process and calendar for the remainder of the year. Committee Recommendation Discussion only. II. MISCELLANEOUS The meeting adjourned at 6:17 p.m. Committee ChairApproval Minutes by LH