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October 26,2021 Page 3 of 12 <br /> Commission Minutes: <br /> a. August 2021 Public SafetyCommission MeetingMinutes. a.August et 2021 <br /> � 9, Public Safety <br /> Commission. <br /> b. August 4, 2021 Economic Development Commission Meeting Minutes. b.August 4,2021 <br /> EDC. <br /> c.September 1,2021 <br /> c. September 1, 2021 Economic Development Commission Meeting Minutes. EDC. <br /> d.August 17,2021 <br /> d. August 17, 2021 Planning Commission Meeting Minutes. PSeptember <br /> Commission.io <br /> e. 2021 <br /> e. 21, <br /> Planning Commission. <br /> e. September 21, 2021 Planning Commission Meeting Minutes. <br /> 4.Consider Purchase <br /> of 2023 Mack Tandem <br /> 4. Consider Purchase of 2023 Mack Tandem Chassis with Equipment. Chassis with <br /> Equipment. <br /> 5. Consider Purchase of 2022 Ford F-550 Chassis with Equipment. 5.Consider Purchase <br /> of 2022 Ford F-550 <br /> 6. Consider Approval for Well #4 Routine Maintenance Agreement. Chassis with <br /> Equipment. <br /> Motion by Councilmember Axberg,seconded by Councilmember Allen to approve the Consent 6.Consider Approval <br /> Agenda as presented. for Well#4 Routine <br /> Maintenance <br /> Agreement. <br /> Nays-A roll call vote was taken. 5 Ayes,0 Motion Carried <br /> Public Hearing <br /> Public Hearing <br /> None. <br /> Council Business Council Business <br /> 1. Consider 3rd Quarter 2021 Interim Financial Statements. 1. Consider 3rd <br /> Quarter 2021 Interim <br /> Financial Statements. <br /> City Manager Massopust indicated Finance Director Foschi would be presenting this item to the Council. <br /> Finance Director Foschi stated in an effort to keep the Council informed on the City's fiscal <br /> condition, a comparison of the 2021 revenues and expenditures for the period ending <br /> September 30, 2021 (unaudited)was discussed in detail. The comparison shown includes <br /> those programs and services that constitute the City's core functions for which changes in <br /> financial trends can have a near-term impact on the ability to maintain current service levels. <br /> Programs such as debt service and tax increment financing which are governed by pre-existing <br /> obligations and restricted revenues are not shown. In addition, expenditures in the City's Fleet <br /> and Non-Fleet programs are not shown as these expenditures are specifically tied to pre-funded <br /> asset replacement funds. These replacement funds are not susceptible to year-to-year <br /> fluctuations and therefore annual reviews are considered sufficient. The information is <br /> presented on a modified cash basis accounting method, which measures only the actual <br /> revenues that become available and measurable, and expenditures are recognized in the period <br /> the liability is incurred. It should be noted that many of the City's revenue streams such as <br /> property taxes are non-recurring or are received intermittently throughout the year. This can <br /> result in wide revenue fluctuations from month to month. In addition, some of the City's <br /> expenditures such as new capital purchases are also non-recurring and subject to wide <br /> fluctuations. To accommodate these differences, a comparison is made to historical results to <br /> identify whether any new trends exist. Staff commented further on the third quarter interim <br /> financials and recommended approval. <br /> Councilmember Allen discussed how COVID has impacted the City's budget over the last year <br /> and noted the City has received federal funding that will assist with overcoming losses. He <br /> thanked staff for all of their work navigating the changes that have occurred. <br />