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HomeMy WebLinkAboutMeeting Minutes 07-07-2021 Finance Department City Hall, 215 Church Avenue P.O. Box 1130 Oshkosh, WI 54903-1130 920.236.5005 http://www.ci.oshkosh.wi.us MINUTES OF THE LONG RANGE FINANCE COMMITTEE July 7, 2021 The Long Range Finance Committee meeting was held on Wednesday, July 7, 2021, via WebEx. The meeting was called to order by Matt Mugerauer at 5:16 p.m. Members Present: Adam BellCorelli, Karen Bowen, Vicky Fitzgerald, Allison Knautz (exited meeting at 6pm), Matt Mugerauer, Austin Phillips, and Koby Schellenger Members Absent: none Staff Present: Russ Van Gompel – Director of Finance Paula Luther – Administrative Assistant – Finance I. Citizen Input None II. Election of Chairperson and Vice Chairperson  Chairperson: Bowen nominated Mugerauer for Chairperson. There were no other nominations. Nominations closed and by unanimous vote of 7-0, Matt Mugerauer was elected as the Chairperson of the Long Range Finance Committee.  Vice-Chairperson: BellCorelli nominated Knautz for Vice Chair. There were no other nominations. Nominations closed and by a unanimous vote of 7-0, Allison Knautz was elected as the Vice Chairperson of the Long Range Finance Committee. III. Approval of March 3, 2021 Minutes  Motion to approve by BellCorelli, seconded by Bowen. Approved 7-0. IV. Discuss Long Range Finance Committee Member composition (5:23 – 5:26)  Mugerauer discussed the two committee member openings and two alternate openings that we need to get filled  LRFC needs five members for a quorum Finance Department City Hall, 215 Church Avenue P.O. Box 1130 Oshkosh, WI 54903-1130 920.236.5005 http://www.ci.oshkosh.wi.us V. Discuss American Rescue Plan Act (ARPA) (5:26 – 5:54)  Director Van Gompel explained the American Rescue Plan Act and the loss of revenue the City of Oshkosh lost during the COVID 19 pandemic to include room tax, special events, and parking enforcement. It is estimated the City lost 5.2 million in revenue and 1 million in room tax during the pandemic  The City is looking at investing in water and sewer infrastructure, broadband, and social programs that would benefit people that were impacted by COVID  The City has already received 20.5 million in ARPA funds  ARPA funds are in a Special Revenue Fund and will be used for projects with a long-term impact, not operating costs; won’t affect the general fund  The city is in the process of collecting idea’s and is currently asking for suggestions  Can money be given to Kiwanis or Rotary? Yes, but they still have to follow the same guidelines and the City will have to report it to Dept of Revenue  Committee member will continue this discussion at the next LRFC meeting VI. Discuss Payment in Lieu of Tax (PILOT) (5:54 – 6:15)  Director Van Gompel asked if there is an interest in creating a volunteer PILOT program  PILOT would not cost a lot  Motion to approve to present this to city council for their consideration  Schellenger suggests collaboration before a creation of a PILOT program because a PILOT program may be seen as political pressure. Bowen agrees and says collaboration would be more transparent.  Mugerauer said this would always be voluntary, but a policy is still needed to be in place before moving forward.  Director Van Gompel said he would reach out to the non-profits to discuss collaboration and will bring findings back to the committee VII. Review the Capital Improvement Plan Process and Policy (6:15 – 6:19)  Director Van Gompel explained he made the changes requested and they are highlighted in the document given to the committee  We have already started our CIP process for 2022, so when the CIP Policy is updated and approved, it will be implemented with the 2023 CIP process  Committee asked for the red-line version at next meeting VIII. Discuss and vote whether to conduct future meetings in-person or virtually (no hybrid meetings) – (6:19 – 6:24)  After some discussion, the committee members all agreed to go back to meeting in- person Finance Department City Hall, 215 Church Avenue P.O. Box 1130 Oshkosh, WI 54903-1130 920.236.5005 http://www.ci.oshkosh.wi.us IX. Set next meeting date and agenda items  Meeting set for August 4, 2021 at 5:15 p.m.  Next Agenda 1. Continue American Rescue Plan Act (APRA) discussion 2. Review the Capital Improvement Plan Process and Policy 3. Review Gifts & Donations Policy  Future Agenda Item: Continue Payment in Lieu of Tax (PILOT) discussion X. Adjournment  Motion by Fitzgerald, seconded by Bowen. Motion passed unanimously. Meeting adjournment at 6:25 p.m.