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HomeMy WebLinkAbout2020-12-01 City Council Work Session MinutesMINUTES OF THE WORK SESSION OF THE EDINA CITY COUNCIL VIRTUAL MEETING DECEMBER 1, 2020 5:30 P.M. Mayor Hovland called the meeting to order at 5:32 p.m. ROLL CALL Answering roll call were Members Anderson, Brindle, Fischer, Staunton, and Mayor Hovland. Staff present: Scott Neal, City Manager; Lisa Schaefer, Assistant City Manager; Don Uram, Finance Director; Kyle Sawyer, Assistant Finance Director; Andrea Rich, Financial Analyst; Steve Olson, Accountant; Perry Vetter, Parks and Recreation Director; Tracy Petersen, Jennifer Bennerotte, Communications Director; Ryan Browning, IT Director; Jennifer Garske, Executive Assistant; Sharon Allison, City Clerk. BUDGET AND CIP Manager Neal stated this was the next to last step in the budget approval process and an opportunity for staff to answer final questions from Council. He reminded Council that the approval process began December 2019 when Council granted approval and that staff would present the final 2021 budget, CIP, and provide an update on 2020 end of year COVID financial impacts. Finance Director Uram presented the Budget and CIP for 2021 and Final Levy. Uram explained that the biennial budget was developed for broad outcomes, measurable results and specific actions and the CIP prioritization process started with input from department directors and final approval by Manager Neal. Uram explained that funding for 2021-2026 did not have much flexibility as all the funds were already allocated. He explained that a staff committee prioritized the projects for about $1.5M for the next three years and would meet every six months to review the process. Next steps were the public hearing and Council approval immediately following this work session, or final approval on December 15. Staff answered questions of the Council. COVID FINANCIAL UPDATE Accountant Olson stated that the City received $4M CARES Act grants and 40 percent was spent on payroll for public health employees, 23 percent for budgeted personnel and the rest on miscellaneous expenses. Financial Analyst Rich provided an update on Parks & Recreation Enterprises. Rich explained that before the most recent restrictions, estimated loss for the enterprise fund was $1.7M and was now estimated at $4.2M because of the new restrictions. Rich said Liquor’s Q2 revenue was $1.2M lower than 2019, and Q3 estimate was expected to be lower also. Rich said staff was managing the losses by maintaining positive cash balances in all the funds and Liquor fund transfers. Also present were Council Member-elect Jackson and Pierce. ADJOURNMENT Mayor Hovland adjourned the meeting at 6:37 p.m. Respectfully Submitted, __________________________________________ Sharon Allison, City Clerk Minutes approved by the Edina City Council December 15, 2020. __________________________________________ James B. Hovland, Mayor