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Finance Commission Minutes <br />May 9, 2017 – Draft Minutes <br />Page 4 of 8 <br /> <br />Finance Director Miller stated the Governmental Funds have separate operating and capital 136 <br />replacement funds. The portion of the report Chair Schroeder is referencing only includes the 137 <br />Parks and Recreation operating funds. The Oval is included in the general facilities category, 138 <br />which includes all of the buildings on the City campus. The buildings in the parks are in a 139 <br />separate fund. These funds are set up this way because government accounting practices suggest 140 <br />this is the way to handle these. 141 <br /> 142 <br />Chair Schroeder stated when the Oval and Skating Center are buried in the General Fund it 143 <br />makes the Parks and Recreation fund look better than it really is. 144 <br /> 145 <br />Commissioner Murray asked if the donations to the Parks and recreation fund were restricted. 146 <br /> 147 <br />Finance Director Miller stated some donations are designated others are just to support parks and 148 <br />recreation. 149 <br /> 150 <br />Chair Schroeder asked what the Community Development Fund included. 151 <br /> 152 <br />Finance Director Miller stated the Community Development Fund includes all of the functions 153 <br />associated with the City’s Planning and Zoning Commission, building inspections, code 154 <br />enforcement and economic development programs. The licenses and permit fees collected are 155 <br />legally restricted in what they can be used for. 156 <br /> 157 <br />Commissioner Hodder asked what percent of the tax levy was residential and what percent was 158 <br />commercial. 159 <br /> 160 <br />Finance Director Miller stated it does fluctuate but it has been staying around 55% residential 161 <br />and 45% commercial/retail. 162 <br /> 163 <br />Commissioner Murray asked if the City had looked at the percentage of property tax paid 164 <br />compared to residential income. 165 <br /> 166 <br />Finance Director Miller stated there has been some of this done in the past but this is not 167 <br />something the City Council looks at. 168 <br /> 169 <br />Commissioner Hodder stated residents would likely see an increase in tax levy for reinvestment 170 <br />in the schools. 171 <br /> 172 <br /> 173 <br />Review the 2018-2037 CIP 174 <br /> 175 <br />Chair Schroeder stated it would be nice to have something in place that would review the system 176 <br />or function of programs offered to know if these programs are still viable. 177 <br /> 178 <br />Finance Director Miller stated this would not be effective unless the City Council were 179 <br />committed to eliminating underperforming programs. 180 <br />Item 3: Attachment A