HomeMy WebLinkAbout2020-08-10 Finance Minutes4
City Councit•Committee
Meeting Minutes
August 10, 2020 - 5:30 p.m. - Electronic Meeting due to COVID-19 Emergency
Councilmembers Present: Verna Seal, Chair; Kathy Hougardy, Zak Idan
StoffPresent: David Cline, Vicky Carlsen, Laurel Humphrey
Chair Seal called the meeting to order at 5:30 p.m.
I. BUSINESSAGENDA
A. 2020 2nd Quarter Investment Report
Staff presented the report.
Committee Recommendation
Discussion only.
B. Revenues
Committee and staff discussed a draft Revenue Guide which outlines major funding sources,
legal references, use of funds, restrictions, and options not currently used by the City. Staff is
seeking Committee input on the development of revenue policies such as cost recovery,
inflationary adjustments, equity, market alignment, and service alignment.
Committee Recommendation
Unanimous approval to return with draft policies. Return to committee.
C. Budget Public Engagement
Staff updated the Committee on a public engagement strategy for the 2021-2022 Budget,
including a community listening session scheduled for 8/25 and an online survey. Committee
members gave input on the survey, including expanding the number of languages for
translation, making the verbiage higher level and more consistent, adding dollar amounts
where appropriate, and consider review by a third party. The format of the public listening
session should include a staff report, Council President remarks, and an opportunity for public
attendees to deliver comments. Ground rules should be established and communicated.
Committee Recommendation
Return to Committee with revised survey questions.
II. MISCELLANEOUS
The meeting adjourned at 6:48 p.m.
Committee ChairApproval
Minutes by LH