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Finance Commission Minutes <br />May 9, 2017 – Draft Minutes <br />Page 2 of 8 <br /> <br /> 47 <br />Discussion Recap on the Police, Fire, Maintenance Facility, and Skating Center Tours 48 <br /> 49 <br />Commissioner Hodder stated it had been useful to see the different departments to get a better 50 <br />understanding of their operations. He stated he had requested to go out with the Fire Inspectors 51 <br />for a day to get an idea of what is done in the field. He would also like to do this with the Police 52 <br />Department. This information would be helpful understanding what the operations are and what 53 <br />is included in the budgets. 54 <br /> 55 <br />Chair Schroeder asked if there had been a project where the City was going to look at the space 56 <br />the City had versus what was needed. 57 <br /> 58 <br />Finance Director Miller stated a portion of this project has been completed. Once it has been 59 <br />completed it will be brought to the City Council for their review and evaluation. This could 60 <br />potentially impact the CIP. 61 <br /> 62 <br />Chair Schroeder asked if the City had considered not replacing the fuel tank in order to utilize 63 <br />this space differently. 64 <br /> 65 <br />Finance Director Miller stated this would be a policy question and would present other problems 66 <br />for the Public Works. 67 <br /> 68 <br />Commissioner McRoberts asked why there were some duplicate cost structures in the Oval and 69 <br />Skating Center such as duplicate concessions. 70 <br /> 71 <br />Finance Director Miller stated the Parks and Recreation Department could provide an answer to 72 <br />this. Both facilities were built at different times. 73 <br /> 74 <br />Chair Schroeder requested this item be added to the June agenda so that Commissioner Zeller 75 <br />and Commissioner Harold could provide their comments. 76 <br /> 77 <br /> 78 <br />Historical Financial Review 79 <br /> 80 <br />Finance Director Miller provided a 5-year look back at how the City’s financials have 81 <br />performed. He stated the General Fund balance has been declining because in 2011 and 2012 the 82 <br />City issued a lot of bonds for the Fire Station and Park Renewal Program and as these funds were 83 <br />spent down to make the capital improvements required the fund balance declined. There is an 84 <br />increase reliance on the property tax with the City going into a capital reinvestment cycle and 85 <br />this is expected to continue. 86 <br /> 87 <br />Chair Schroeder asked if the interest earnings are what the City netted between what the City 88 <br />gets and what the City pays out on the bonds. 89 <br /> 90 <br />Item 3: Attachment A