HomeMy WebLinkAbout2020-04-28 Finance MinutesCouncilmembers Present: Verna Seal, Chair; Kathy Hougardy, Zak Idan
StoffPresent: Allan Ekberg, Vicky Carlsen, Christy O'Flaherty, David Cline, Tony
Cullerton, Laurel Humphrey (others by phone-in)
Chair Seal called the meeting to order at 4:00 p.m.
I. BUSINESSAGENDA
A. Financial Impacts from COVID-19 Emergency
Staff and Council members continued discussion of financial impacts of COVID-19,
including new information on required services, potential for a decision tree, professional
services, and next steps. Staff believes the City needs to plan for a revenue gap of $12M in
2020 and an additional $6M in 2021.
Committee question(s) requiring follow up
• Provide detail on additional Phase 2 departmental reductions
• In program list, identify those that have been impacted by the initial departmental
reductions.
Committee Recommendation
Return to Committee following Council affirmation of the revenue gap.
II. MISCELLANEOUS
Committee members continued discussion of reducing the Council travel budget in 2020. Staff
will poll Council on travel plans to help with decision making.
The meeting adjourned at 5:02 p.m.
Committee ChairApproval
Minutes by LH