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From YouTube: Finance and Human Resources
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A
Good
afternoon
I'm
Gwen
Whistler
I'm,
the
chair
of
the
finance
and
Human
Resources
committee
and
I'd
like
to
welcome
you
to
our
October
25th
remote
meeting
council
members
and
staff
are
participating
virtually
to
help
our
audience
follow
along
I'll
State.
Each
section
of
the
agenda
aloud.
We're
streaming
live
on
our
virtual
engagement
Hub,
which
is
accessible
through
the
virtual
virtual
engagement
Hub
link
on
the
front
page
of
the
city's
website.
We
also
have
an
option
for
the
public
to
listen,
live
by
phone
for
those
of
you
out
there
with
us
today
and
I
hope.
A
There
are
some
welcome
and
welcome
to
the
new
new
kitty
cat
from
Sage's
house.
For
today's
meeting
we
have
the
option
for
people
to
call
in
and
comment
live
during
the
meeting
to
call
in
and
comment.
Live
use
the
same
phone
number.
A
855-925-2801
and
use
the
meeting
code
5257,
your
phone
will
be
muted
and
you'll
hear
the
meeting
live.
At
that
point.
Speakers
will
need
to
push
star
three
to
enter
the
speaker.
Queue
I'll
now
go
through
and
introduce
all
the
committee
members
and
the
staff
who
are
participating
virtually
if
you're,
not
speaking,
please
make
sure
your
micro,
you're,
muted
and
if,
if
you
want
to
speak,
either
put
your
hand
up
or
unmute
and
I'll
I'll
try
to
keep
an
eye
on
everyone.
A
And
is
Becky
ogles
with
oh,
yes,
she
is
so
assistant,
Finance,
director,
Becky,
ogles,
good
afternoon
budget
manager,
Taylor
Floyd,
hello
and
affordable
housing
officer,
Sasha
bertinski
good
afternoon,
okay,
good
all
right!
So
again,
like
I,
said
I'll
I'll
tell
so
our
audience
can
stay
stay
tuned
into
where
we
are
I'll
go
ahead
and
give
where
we
are
in
the
agenda.
So
the
first
item
on
the
agenda
is
the
approval
of
the
minutes.
Do
I
have
any
questions
or
changes
for
the
minutes.
D
A
So
we'll
do
roll
call
so
Sandra
Kilgore,
aye,
Sage,
Turner,
hi
and
I'm
an
eye
also
okay,
so
the
minutes
have
been
approved.
So
the
next
item
is
the
land
use
incentive,
Grant,
Orange,
Capital
advisor
and
I'll
turn
it
over
to
Sasha
bertinski
to
affordable
housing
officer.
Please.
E
Thank
you
so
much
and
there's
some
work
going
on
so
can
you
hear
that
yeah,
great
okay,
I
think
Alicia
was
going
to
pull
up
my
presentation
or
I
can
thank
you
Alicia.
So
this
is
a
land
use
incentive
request
for
110
River
Hills
Road
Jamie
cise,
with
the
law
firm,
representing
the
clock.
This
applicant
is
here
as
well.
Next.
E
So,
just
a
few
key
takeaways
here
at
the
beginning,
this
land
use
incentive
Grant
is
a
program,
is
affordable,
housing,
incentive,
Grant,
based
on
the
increased
value
of
a
development.
E
This
application
was
submitted
for
about
153
apartment
units
at
110,
River,
Hills
Road,
and
they
are
committing
to
20
of
the
units
being
affordable
for
20
years
at
80
percent
of
area,
median
income
or
below
and
they're
also
bringing
some
additional
benefits
which
I'll
be
going
through
and
they
qualify
for
a
17-year
grant.
Next,
so
again
it
consists
of
153
apartments
and
some
community
space.
They
will
be
a
mix
of
one
and
two
bedroom
apartments
with
17
one
bedrooms
and
14
two
bedroom
units
housing
represents
100
of
the
rentable
square.
E
Footage
which
is
part
of
the
requirements
for
this
program
is
why
we're
mentioning
that
20
of
the
units
or
31
units
will
be
affordable
serving
those
at
80
Ami
or
for
a
minimum
of
20
years,
and
the
project
is
that
I'm
about
10.9
acres
of
land
on
River,
Hills
Road
and
the
current
estimated
taxable
value
after
construction
is
36.7
million
next.
E
So
this
is
the
project
location,
River,
Hills
Road,
is
that
road?
You
turn
off
of
South
tunnel
if
you
were
going
up
to
Target
or
dicks
or
any
of
those
those
big
stores
there
and
this
parcel
I
think
several
folks
have
multiple
developers
have
tried
to
develop
this
over
time.
It's
got
Wetlands
on
the
sides
on
the
site.
It's
you
know
it's
close
to
the
Swannanoa
River.
So
it's
been
it's
a
difficult
parcel
to
develop
and
it
has
topography
as
well.
E
E
So
this
is
the
point
summary
and
how
we
calculate
what
points
a
project
qualifies
for,
so
20
of
the
units
are
affordable
at
80
Ami,
which
is
worth
20
points.
Ten
percent
of
all
the
units
will
accept
rental
assistance,
additional
Five
Points.
They
are
proposing
to
house
a
person
from
the
homeless
by
name
list.
E
Their
location
gets
them
about,
gets
them
10
points
so
they're
less
than
a
mile
from
an
urban
center,
which
in
this
case
is
the
Walmart
Center.
That's
a
part
of
the
comp
plan
and
the
rezoning
that
council
did
earlier,
or
did
last
year
in
this
past
year.
Excuse
me
and
then
they're
half
a
mile
from
a
Transit
amenity,
so
they're
they're
less
than
a
half
mile
between
two
Transit
routes
that
are
on
Tunnel
Road,
Energy
Efficiency,
with
energy
star
and
solar
panels.
E
Next,
in
vouchers
we've
talked
about
this
before,
but
50
of
the
affordable
units
must
accept
housing,
Choice
vouchers,
these
these
help.
Folks
at
eight
fifty
percent
Ami
are
below
and
those
folks
are
coming
from
the
housing
authority,
and
it
also
opens
up
a
space
behind
them.
For
you
know,
the
Housing
Authority
also
has
waiting
lists.
E
The
last
number
I've
seen
I
haven't
seen
the
next
I
think
this
will
be
updated
soon,
but
with
88
households
looking
for
a
place
to
rent
with
vouchers
right
now,
so
it's
slowly
going
down,
but
we
still
need
units
next.
E
So
the
current
parcel
has
a
pro
current
tax
value
of
about
half
a
million
dollars,
so
we're
collecting
two
220
22.71
annually
in
taxes
and
that's
just
on
the
land
using
an
estimated
tax
value
in
the
future
of
36.7
million.
The
property
tax
would
be
approximately
148
000
a
year
and
so
the
difference,
because
we
will
continue
to
con,
collect
that
twenty
two
hundred
dollars
is
145
882.
E
And
then
after
year
17,
the
city
will
receive
the
approximate
148
000
in
city
tax
revenue.
Again
next
this
went
to
hcd
committee
and
it
was
approved
two
to
zero
on
October
18th
last
week
and
staff
is
recommending
approval
next
and
then
these
are
just
our
key
takeaways
again
and
I
would
stop
there
and
have
ask
any
if
there
are
any
questions
or
comments.
F
Yeah
I
just
wanted
to
note
that
2-0
was
because
we
had.
Obviously
we
had
one
council
member
who
was
not
in
attendance
right:
okay,.
A
Thank
you
now
so
I
have
two
questions
and
I.
Think
I
have
been
told
the
answer
to
this
question,
but
I
can't
remember
so
if
the
grant
is
less
than
the
agreed
term
of
affordability,
how
do
we
enforce
that?
A
So
you
know
so
so
we
quit
a
lot
giving
them
a
grant
after
17
years,
but
they
still
need
to
have
the
units
affordable
for
three
more
years
sure
what
happens
if
a
developer
decides
that
you
know
year
18
when
they're
no
longer
getting
the
grant
that
they
want
to
go
to
full
market
rate?
What
how
do
we
enforce
that.
E
There's
a
couple
things
we're
monitoring
those
yeah
you're
talking
about.
If
we
know
they
they're
not
in
doing
it
right,
so
we're
monitoring
the
units,
there's
a
deed
restriction
placed
on
the
parcel
and
on
the
project
and
I
believe
this
is
also
a
CZ
and
it
may
end
up
in
its
conditional.
It
may
end
up
in
the
be
we
don't
call
them
B1,
E1
condition
right.
Well,
so
there's
a
couple
different
things:
I
guess
for
violating
the
conditional
zoning
piece.
E
It
becomes
a
notice
of
violation,
I
think,
with
the
deed
restrictions
I
feel
like
there's.
We
can.
We
could
almost
technically
revoke
their
Co
-op.
There's
some
actions
we
could
take
I,
don't
think
we
would
ever
get
to
that
point.
We
do
have
a
cure
process.
Okay,
where,
if
we
find
out
someone
you
know
there,
they
don't
have
all
their
affordable
units.
They
have
a
certain
amount
of
time
to
cure
that
condition.
Okay,.
A
E
One
of
the
requirements
of
the
luige
program
is
that
it's
a
certain
percentage
of
your
rentable
square
footage
has
to
be
residential
and
basically,
what
that's
trying
to
do
is
like.
If
you
had
a
mixed-use
project,
the
policy
is
set
up
so
that
it
can't
be
just
20,
residential
and
you're,
giving
a
grant
back
for
a
lot
of
taxes
which
are
based
on
retail
or
whatever
else
commercial
I.
D
Thank
you
Sasha,
and
we
talked
a
little
bit
about
this
HCB
last
week,
but
I
want
to
mention
it
again
for
the
sake
of
the
other
counselors
and
whoever
may
be
listening.
So
one
of
the
things
we're
running
into
we
may
need
to
talk
about
when
we
look
at
this
is
kind
of
this
like
valuation
structure
right
so
I,
guess
when
you
can
you
go
back
to
the
valuation
period
that
slide,
because
we're
kind
of
saying
it's
a
range,
but
this
is
the
cap
right.
D
I
want
to
make
sure
this
is
that's
what
I
understand
right.
This
is
the
cap
and
when
the
Val,
when
it's
built
and
there's
an
actual
evaluation,
it
may
adjust,
but
it
will
know
it
will
not
go
higher
than
this
the
level
of
subsidy,
but
what
I
learned
in
hcd
was
that
you
used
to
be
able
to
go
to
the
county
and
request
a
future
value,
but
they're
not
that's
not
happening
anymore.
D
E
Yes,
so
if
the
tax
value
came
in
below
36
million
yeah,
you
know
our
grant
is
going
to
be
based
on
what
taxes
they
actually
pay
and
it's
going
to
be
for
17
years.
It's
not
going
to
be
oh
well,
you
didn't
get
to
that.
2.48
million,
we'll
extend
it
a
few
years.
That's
only
council
could
make
that
decision
right.
Okay,.
D
Okay,
yeah,
that
was
it
for
me.
Thank
you.
A
Okay,
any
other
questions
Council
all
right,
so
I
assume
you
want
a
recommendation
to
take
this
to
city
council.
A
Not
any
anybody
want
to
me
want
to
talk
to
the
developers
attorney
we
just
like
would
like
to
see
dami.
We
just
see
a
big
D
there
we'd
like
to
wave
to
yeah
I.
D
Was
able
to
I
was
able
to
there?
You
go
good
morning
or.
F
A
Have
any
questions
for
Jamie
all
right?
Well,
with
that
I'll
entertain
a
motion
to
move
this
to
city
council.
A
Great
so
let's
do
a
roll
call
mode,
Sandra,
hi,
Sage,
hi
and
I'm
an
eye
okay,
great-
and
this
goes
to
council
tonight.
No.
A
A
You,
okay,
okay.
So
the
next
item
on
the
agenda
is
item
number
three
and
it's
the
CFO
update
and
I'll
turn
it
over
to
Tony
McDowell,
all
right,
well,
I,
don't
know
and
my
turn
over
to
Tony
or
Becky.
Yes,.
C
Try
to
go
through
all
these
slides
myself
this
afternoon
so
and
we
do
have
a
presentation,
I
think
Alicia's
bringing
up
so
the
CFO
CFO
update
this
month
is
the
same
as
the
CFO
update.
We've
been
providing
you
all
the
last
two
months
and
that's
an
update
on
where
we
are
with
our
year-end
audit.
C
So
key
takeaways
from
today's
presentation
is
that
the
the
process
is
is
nearing
completion
and
I
can
tell
you
Becky
and
I
are
both
very
very
happy
about
that,
as
is
the
rest
of
the
staff
in
the
accounting
division
here
in
finance
and
we're
happy
to
report
to
you
all
that
we
remain
on
schedule
at
this
point
for
completing
the
audit
and
submitting
it
to
the
LGC
sometime
next
week,
sometime
the
week
of
October
31st,
not
sure
exactly
the
the
date
yet,
but
it
should
go
in
sometime
next
week
and
then
we're
going
to
share
a
little
bit
today
with
you
all.
C
Some
of
the
preliminary
results
related
to
unassigned,
fund
balance
and
I
know.
That's
one
of
the
big
things
that
Council
and
and
management
is
interested
in.
C
As
we
finish
up,
the
audit
and
I've
got
some
slides
to
kind
of
show
you
all
where
we
think
we're
going
to
land,
but
it
looks
like
we're
going
to
be
somewhere
between
18
and
20
percent,
with
our
general
fund
fund
balance,
which
again
is
going
to
align
us
very
closely
with
our
15
policy
goal
and
kind
of
where
we've
been
over
the
last
10
years
or
so,
and
we
have
some
some
charts
and
data
to
show.
C
You
show
you
all
that
as
well
so
next
slide,
so
the
the
audit
calendar
I
think
you
all
probably
familiar
with
this
now.
I
think
this
is
the
third
time
third
month
in
a
row.
You
all
have
seen
this
so
just
to
kind
of
give
you
an
update
on
where
we,
where
we're
at
and
what's
happened
since
we
last
saw
you
all
in
September.
C
October
has
really
been
about
us
and
Becky
staff,
responding
to
Auditors
questions
and
wrapping
up
that
that
annual
comprehensive
financial
report-
and
actually
you
can
go
on
to
the
next
slide
if
you
want
Alicia.
So
what
what
October
work
is
is
included
is,
like
I,
said
really
us
kind
of,
as
at
the
staff
level,
responding
to
things
and
questions
that
the
Auditors
have.
C
We
submitted
the
trial
balance
to
them
back
in
September,
and
so
they've
really
been
looking
at
our
data
and
asking
us
questions,
they've
been
doing
testing
of
our
major
Grant
programs,
along
with
our
revenues
and
our
receivables
and
they've
been
testing
expenses.
So
there's
been
a
lot
of
back
and
forth
between
Becky
and
her
staff.
C
Answering
in
questions
they've
also
been
reviewing
that
that
final
trial
balance
and
there's
been
some
updating,
updated
journal
entries
that
we've
made
most
of
those
relating
to
the
Gatsby
87
standard
for
leases,
which
I
think
you
all
may
remember
from
previous
presentations
is
new
this
year.
C
So
we've
been
working
closely
with
our
Auditors
on
on
that
to
make
sure
we're
reporting
our
leases
in
accordance
with
that
new
gasby
standard,
and
then
there's
been
a
lot
of
time,
and
this
continues
right
now,
as
we
speak
staff
working
on
drafting
the
notes,
the
tables,
the
financial
statements
and
calculating
those
fund
balances
that
comprehensive
financial
report
that
we
produce
is
about
a
200
Page
document.
C
So
there
is
a
lot
of
work
that
goes
into
pulling
that
together
and
then
we're
still
working
on
that
and
then
we've
been
meeting
regularly
with
the
Auditors
Becky
and
I
have
a
weekly
check-in
with
the
audit
team
each
each
week
and
so
kind
of
where
I
can
this
status
I
can
give
you
all
of
right
now
the
status
update
is
based
on
our
last
meeting
with
them
with
the
Auditors
last
week,
they've
identified
no
material
weaknesses
to
date.
C
If
you
all
remember
in
each
of
the
last
two
annual
audits,
there
have
been
material
weaknesses
that
related
to
how
we
did
our
year
in
closeout
procedures,
but
so
far
like
I,
said
nothing
that
we've
heard
from
the
Auditors
has
risen
to
the
level
of
a
material
weakness.
C
This
year
they
have
identified
one
what
they
call,
they
call
it
a
significant
deficiencies,
it's
it's
a
lower
class
of
binding
than
a
material
weakness
and
we're
not
sure
yet
we're
still
working
with
the
Auditors
as
we
go
through
the
last
week
or
so
to
determine
if
that
is
going
to
actually
be
something
that
keeps
it
from
being
a
completely
clean
audit.
C
But
we'll
update
you
all
on
that
when
we
present
the
audit
here
in
a
few
weeks,
but
that
deficiency
relates
to
how
staff
initially
reported
some
of
our
Capital
asset
injuries
in
the
water
fund.
We've
worked
with
the
Auditors,
obviously
to
correct
that,
but
some
of
the
initial
data
that
we
sent
them
was
not
was
incorrect
and
the
Auditors
discovered
it
and
we
fixed
it.
C
A
C
We
have
some
staff
in
our
accounting
division
who
do
our
Capital
assets
and
we
have
a
supervisor
who
reviews
those
both
of
them
are
still
relatively
new
in
their
positions
and
so
the
work
that
they
did
and
essentially
what
happened
was
they
put
our
Capital
assets
in
two
different
buckets,
so
you
at
the
end
of
the
year,
we
have
to
characterize
our
Capital
assets
as
either
being
complete
a
Project's
complete.
So
we
put
it
on
our
fixed
asset
records
or
progress.
C
A
project
is
still
in
progress,
in
which
case
you
don't
put
it
on
your
fixed
assets
and
we
actually
put
some
of
those
entries
in
both
places
and,
like
I,
said
the
Auditors
fixed
it,
but
it
got
through
our
review
here
and
got
to
them
before
it
got
fixed.
So
how.
E
A
C
I
think
it's
essentially
more
review
on
our
end
more
staff
training
to
make
sure
that
that
they
understand
you
know
the
error
that
was
made
this
time
and
so
that
it
doesn't
happen
again.
So.
B
Yeah
and
then
there
are
actually
numbers
that
we
can
tie
out.
I'll
be
honest,
I'm,
not
sure
exactly
why
they
weren't
tied
out
this
year,
but
it
is
definitely
something
I'm
going
to
go
over
again
with
the
staff
members.
B
So,
yes,
I
I
think
it
should
be
a
fairly
easy
fix
on
our
end
and
I
hate
that
we
missed
it
this
year,
but
unfortunately
it
happened
and
we
will
learn
from
it
and
move
forward.
So,
yes,
I
think
we
should
be
able
to
fix
this
very
easily
they
identified
at
the
owners
identified.
It
sent
it
to
me
just
to
make
sure
that
they
were
reading.
B
Our
reports
correctly
and
I
did
confirm
that
we
had
made
the
error
and
we
did
the
calculation
as
to
how
we
needed
to
fix
it
and
fixed
it
within
the
day,
and
so
yes,
we
definitely
know
the
error
and
we'll,
but.
A
Yeah
I'm,
just
I'm,
just
wondering,
like
you
know,
from
a
certain
point
of
fixed
assets,
I
mean
the
the
downside
would
be
you'd
you'd.
What
depreciate
too
much.
B
So
it
wasn't
even
that
it
was
actually
on
some
of
our
easements.
It
was
a
really
kind
of
nuance.
To
be
honest
with
you.
Basically
what
happens
is
we
have
a
giant
spreadsheet
that
we
do
our
CIP
process
on
you
know
kind
of
showing
what
has
been
capitalized.
You
know
in
previous
years,
what's
been
capitalized
this
year
and
basically,
that
number
of
what
was
capitalized
this
year
did
not
make
it
onto
the
spreadsheet.
B
So
what
I
have
told
the
two
people
who
the
girl
that
does
it
and
then
the
person
that
reviews
is
that
you
know
we
need
to
make
sure
we're
tying
out
our
additions
to
what
is
actually
on
the
GL
and
I
think
it
was
just
that
simple
something
that
did
not
happen
this
year
for
some
reason.
So,
yes,
we.
A
B
Our
general,
our
general
ledger,
actually
was
incorrect
because
we
had
it.
We
had
it
as
an
addition,
but
we
had
also
added
it
as
like:
a
CIP
adjustment
also,
so
the
number
the
600
000
was
actually
in
both
buckets.
So
basically,
all
we
needed
to
do
was
reduce
our
CIP.
B
A
It
seems
like
you
would
have
fixed
that
ultimately
I
mean
it
just
seems
like
you.
Couldn't
it
wouldn't
have
ultimately
balanced.
You
know
it's
like.
If,
if
you
didn't
spend
that
money
I
mean
that's,
that's
the
that's.
The
lovely
part
of
Double
Entry
bookkeeping,
so
I
probably
would
have
found
it
and.
B
It
is
not,
and
we
definitely
have
the
processes
in
place
to
make
sure
it
doesn't
happen
again.
C
Ahead
great
questions
and
thanks
Becky
for
jumping
in
helping
me
out
there
we
can
go
to
the
next
slide.
Okay,
so
kind
of
next
step,
like
I,
said
we're
really
in
the
final
week
or
two
of
wrapping
this
up.
So
staff
is
reviewing
the
front.
C
The
final
draft
akfer,
that's
the
annual
comprehensive
financial
report
that
we'll
be
getting
back
from
the
Auditors
and
then
like
I
mentioned
we'll
be
submitting
that
to
the
local
government
commission
the
week
of
October
31st
and
then
our
in
our
external
Auditors
will
be
here
to
present
the
audit,
both
to
the
finance
committee
and
finance,
HR,
finance
and
HR,
and
audit
committees
virtually
on
November
15th
and
then
in
person
that
same
night
at
the
city
council
meeting
and
that
will
officially
wrap
up
the
audit
for
this
year.
C
Allow
us
to
move
ahead
with
the
debt
issuance
that
we
have
planned
for
January
February,
and
then
we
will
begin
looking
and
I.
Think
I've
mentioned
this
in
some
of
the
previous
meetings
by
policy.
After
five
years
we
put
our
external
audit
out
to
bid,
and
so
Becky
and
I
will
start
working
on
that
process
of
getting
another
RPL
and
selecting
a
new,
firm
and
kind
of
see.
What's
out
there,
what
the
Market's
like
the
policy
does,
allow
us
if
we
do
not
receive
proposals
from
other
firms.
C
We
can
continue
on
with
the
current
firm
if
we
want
to.
But
if
we
have
proposals
from
other
firms
that
meet
our
expectations,
then
we
will
be
changing
to
a
new
auditor
effective
next
year,
so
so
we'll
just
kind
of
see
what's
out
there
right
now
from
what
we've
heard,
there's
a
there's,
a
there's,
not
a
lot
of
firms
out
there
that
are
bidding
on
local
government
work
in
North
Carolina
right
now.
So
we
interesting
to
see
what
the
Market's
like.
C
All
right,
you
can
go
into
the
next
slide,
so
I
guess
I'll
kind
of
stopped
there
before
I
go
into
the
fund
balance
to
see.
If
there's
any
other
questions
or
comments.
I
see.
Miss
Campbell
has
her
hand
raised
Deborah.
F
So,
thank
you.
I
just
wanted
to
thank
the
staff.
As
you
all
know,
it's
been
a
it's
been
a
tough
two
years
for
us.
We,
we
lost
some
staff
in
finance
and
I
just
hate
that
we
had
this.
F
F
But
the
Silver
Lining
is
no
material
findings,
so
that
is
definitely
showing
the
progress
that
has
been
made,
but
I
just
I
just
hate
it
headed
for
Becky
that
in
particular,
because
I
I
know
how
hard
you've
worked
on
this
particular
important,
Financial
piece
of
information
that
we
have
to
have
annually.
So
thanks
for
your
work
and
I
just
wanted
to
acknowledge
that
to
the
rest
of
the
committee.
A
Yeah
yeah,
we
really
do
appreciate
I
mean
we
know
how
hard
you
guys
work
and
you
take
a
lot
of
you
know
it's
hard
work
and
often
unsung
so
sage
and
I
really
get
it
that,
like
accountants,
just
don't
don't
get
celebrated
as
often
as
they
should
be,
and.
A
D
C
A
If
we
don't
have
any
other
questions
or
comments,
you
can
go
ahead.
Tony
all.
C
C
So
all
right,
but
before
we
leave
last
year,
I
did
want
to
give
you
all
kind
of
a
an
overview
of
where
we
think
that
the
unassigned
fund
balance
is
going
to
end
and
again
this
is
preliminary
because
there
could
be
some
changes
before
we
finalize
the
report,
but
just
have
a
few
slides
and
some
of
this.
Some
of
these
slides
are
ones
that
we
showed
you
all
back
during
the
budget
process
last
year,
just
to
kind
of
talk
about
fund
balance.
C
What's
the
importance
of
fund
balance,
What
It,
Is,
How
We,
compare
to
other
jurisdictions,
et
cetera,
et
cetera,
so
at
least
you
can
go
to
the
next
slide
so
just
quickly
what
what
is
fund
balance?
It's
of
it's
well
we're
going
to
talk
specifically
about
what's
called
unassigned
or
available
fund
balance,
and
that's
money.
That's
left
at
the
end
of
one
fiscal
year
that
can
be
appropriated
to
pay
for
or
Finance
expense
expenses
in
the
following
years.
Budget.
C
The
North,
Carolina
local
government,
commission
I
think,
as
you
all
know,
has
a
minimum
policy
that
they
require
all
local
governments
in
North
Carolina.
To
maintain
at
least
eight
percent
unassigned
fund
balance
most
jurisdictions,
and
we
have
a
slide
with
some
some
comparative
data
that
we'll
show
you
all
in
a
few
minutes.
C
Most
jurisdictions
in
North
Carolina,
maintain
fund
balances
that
are
well
above
that
eight
percent
threshold
here
in
Asheville,
we've
had
for
a
very
long
time
an
internal
policy
that
we
maintain
a
fund
balance
equal
to
15
of
our
expenses
each
year.
C
A
Next
slide
but
Tony
just
to
clarify
what
you
just
said,
most
of
those
most
of
those
other
cities,
towns
Etc
that
have
much
higher
than
15
percent.
It's
because
their
total,
their
expenditures
are
so
much
less.
So
you
know,
15
of
our
expenditures
is
a
lot
of
money
versus
you
know.
If
you
talked
about
Black
Mountain
15
of
theirs,
really
isn't
you
know
it
doesn't
compare
dollar
to
dollar,
so
I
mean
I,
thought
that
our
15
looked
pretty
good
relative
to
other
cities.
Our
size
is
that
right
or
yeah.
C
Yeah
you're,
totally
right
and
yeah,
most
smaller
jurisdictions
is
because
their
budget
is
smaller.
They'll
maintain
a
fund
balance,
that's
100
of
their
budget
200,
something
like
that.
I
mean,
while
a
larger
City
like
a
Charlotte
or
Raleigh
they
can
get
by
with
smaller
percent,
because
it's
just
a
bigger
dollar
amount,
but
yeah
that
your
comp,
your
comment,
is
absolutely
spot
on.
C
Okay.
So
why
is
fun
balance
important
for
a
couple
reasons?
One
is.
It
helps
us
with
our
cash
flow
management.
Our
property
tax
revenue,
which
is
the
the
main
Revenue
Source
in
the
general
fund,
typically
comes
in
in
a
big
chunk
in
in
December
and
January
each
year.
C
So
there's
there's
months,
actually
we're
kind
of
in
those
months
right
now
in
October
and
November,
but
there's
not
a
lot
of
cash
coming
into
the
city
so
having
a
fund
balance
kind
of
helps
you
smooth
out
that
cash
flow
that
would
otherwise
be
really
uneven
throughout
the
year.
C
It's
also
one
of
the
key
fiscal
Health
measures,
if
not
the
most
important
key
measure
of
fiscal
Health,
and
it
can
really
tell
you
if
you
see
a
fund
balance.
For
example,
that's
declining
it's
a
good
indication
that
that
local
government
is
kind
of
spending
beyond
their
means,
and
so
you
want
to
see
a
fund
balance.
That's
that's
stable!
That's
not
decreasing
dramatically
or
increasing
dramatically
either.
C
It's
obviously
a
factor
in
determining
our
credit
rating
standard
employers
and
moodies.
Both
look
at
our
unassigned
fund
balance
is
one
of
the
factors
that
they
consider
when
they're
giving
us
our
credit
rating
and
it
provides
a
financial
resource
to
help
whether
unexpected
crises,
probably
the
best
example.
C
There
is
kind
of
natural
disasters
and
so,
for
example,
communities
down
near
the
coast
like
Wilmington,
often
maintain
a
much
higher
fund
balance
than
other
places,
simply
because
they
they
need
those
resources
in
case
they
have
a
disaster
or
hurricane
or
something
like
that.
So
next
slide.
C
C
Obviously,
the
fund
balance
can
go
up
or
down
year
to
year
and
you're
going
to
see
that
in
a
few
moments
here,
when
I
kind
of
talk
about
our
results
for
last
year,
but
that's
really
based
off
of
how
we
actually
did
how
expenses
compared
to
revenues.
And
so,
if
we
had
expenses
in
a
given
year,
there
were
higher
than
revenues.
You
could
see,
fund
balance
actually
decline,
but
typically
that
doesn't
happen
so
and
it
didn't
happen
last
year,
which
is
a
good
segue
into
my
next
slide.
C
So
the
this
chart
is
is
one
that
we
showed
you
all
back
during
the
budget
process
and
it
kind
of
gives
you
an
overview
of
where
our
fund
balance
has
been
for
the
last
10
years,
and
so
what
we
did
with
this
was
we
updated
it
to
show
the
preliminary
number
for
fiscal
22
and
then
also
how
that
22
number
translates
into
23
budget
numbers,
because
obviously
we
adopted
a
budget
in
23
that
was
higher
than
our
22
budget.
C
So
we
wanted
to
give
you
all
both
those
numbers
for
comparative
purposes,
but
you
can
see
fund
balance
for
fiscal
year.
22
looks
like
it's
going
to
end
somewhere
around
20
to
21
and
then,
when
you
take
that
same
number
and
you
compare
it
to
what
our
budget
is
in
fiscal
23,
it's
somewhere
around
19,
and
so
you
can
see
from
this
chart
again
going
back
to
fiscal
year.
C
2012-
and
this
was
point
we
made
during
the
budget
process
as
well-
is
that
we
we've
really
been
very
successful
at
managing
our
fund
balance
within
that
kind
of
narrow
band
between
15
and
20
percent,
and
so
I
would
say
you
kind
of
the
takeaway
from
this
is
that
our
fiscal
year,
22
results
are
very
much
in
line
with
where
we
have
been
for
the
last
10
years
or
so.
So.
We're
very
pleased
with
that.
A
F
C
Yeah
and
I
don't
remember
exactly
what
our
estimate
was
I
don't
know.
Taylor
may
have
that
in
front
of
him,
but
I'm
not
going
to
put
him
on
the
spot
and
ask
that
question,
but
I
I
think
you're
right.
It
was
somewhere
around
18.
We
did
not
estimate.
It
was
going
to
be
this
high
right.
A
C
Got
in
a
slide
or
two
you'll
see
we
have,
it
was
exactly
that
was
really.
The
biggest
driver
was
that
sales
taxes
ended
up
much
much
stronger
than
we
had
anticipated,
and
so
that's
really.
That
was
really
the
key
factor
in
driving
it
up
from
what
our
initial
estimates
were.
So
all
right,
at
least
we
can
go
to
the
next
slide
so
again,
just
to
kind
of
compare
us
to
some
of
our
peers
across
the
state,
and
this
is
the
some
of
the
same
data.
C
We
showed
you
all
during
the
budget
process.
We
didn't
have
updated
numbers
for
fiscal
year
22
for
these
other
cities.
So
all
the
numbers
on
here
are
still
fiscal
year,
21
for
everyone,
but
but
us,
but
we
wanted
to
kind
of
show
you
all
again
kind
of
where
we
fall
in
terms
of
our
policy,
as
well
as
our
actual
fund
balance,
and
you
can
see
we're
kind
of
in
the
middle.
C
So
from
a
policy
perspective
again
we
require
the
minimum
of
15
and
you
can
see
there's
a
range,
in
fact,
there's
quite
a
range
from
from
a
Greensboro
which
is
down
at
nine
percent.
Up
to
a
Concord
which
is
at
30
to
35
percent,
but
most
folks
are
kind
of
in
that
middle
range,
kind
of
the
15
to
20
25
range,
and
you
can
see
in
terms
of
what
folks
actual
fund
balance
is
again
we're
showing
ours
at
19
compared
to
the
fiscal
year.
C
23
budget
and
there's
a
range
there
as
well
again
Greensboro
down
at
10
all
the
way
up
to
a
Concord
which
is
at
50
of
their
budget.
So
again,.
C
C
We're
still
I
think
he
again
hit
upon
the
biggest
factor
in
that
was
that
our
sales
tax
growth
last
year-
and
we
talked
to
you
all
a
little
bit
about
this
in
your
last
meeting-
that
sales
tax
revenue
was
up
17
last
year,
which
is
the
highest
increase
we've
seen
in
many
many
years,
and
that's
on
the
back
of
a
16
increase
in
fiscal
year
21.
C
So
we've
had
two
really
good
kind
of
unprecedented
years
of
sales,
tax
growth
back
to
back,
and
that's
really
what
drove
fund
balance
up
to
be
slightly
higher
than
we
had
estimated
during
the
budget
process.
C
But
again
we
feel
like
at
this
18
to
20
that
really
positions
us
well
financially
right
now,
especially
given
kind
of
the
current
economic
uncertainty.
That's
out
there
and
the
heightened
risk
of
recession
that
we're
hearing
about
as
well.
So.
D
Coming
to
council,
as
well
I
mean:
can
it
this
either
be
sent
to
us
in
accelerator.
I
want
to
Resort
these
by
total
expenses
I'm
just
a
little
I'd
like
to
investigate
these
numbers
more,
maybe
we
can
have
an
email
to
us
or
something
so
I'll
type
it
all
over
again,
but
it's
interesting
how
some
of
these
cities
that
are
doing
15
or
14
have
much
higher
expenses.
C
Attention
yeah:
we
could
definitely
send
this
out
and
in
that
format,
and
and
do
that
calculation
for
you
as
well.
So.
C
C
I
think
we
can
go
to
the
last
slide
and
that's
really
all
I
have
again
the
key
takeaways.
We're
really
close
to
being
done
with
the
audit,
we're
going
to
turn
things
over
to
Taylor,
and
let
him
take
the
budget
from
here
and
we're
pleased
with
where
we
are
ending
the
year
with
fun
balance
again,
I
think
it
really
positions
us
well
going
into
the
budget
process
this
this
year
and
any
potential
economic
downturns
that
we
might
be
facing.
So.
A
For
tonight's
presentation,
could
you
could
you
do
one
thing
for
me
and
add
so
we,
our
credit
rating,
got
upgraded
I,
don't
know
six
years
ago
maybe
I
was
on
Council
when
it
happened.
It
was
very
exciting.
A
Can
you
just
on
that
slide
that
shows
what
our
fund
balance
was
doing?
Can
you
put
the
year
that
we
got
the
increased
credit
rating
yeah.
C
A
I,
just
just
for
curiosity
and
I
mean
you
know
just
to
kind
of
highlight
that
that
fund
balance
really
does
affect
our
credit
rating,
and
that's
why
we
are
able
to
borrow
money
at
lower
rates.
Well,
borrow
money
and
lower
rate.
C
So
this
presentation
itself
won't
be
done
at
council
tonight.
Oh
okay,
the
q1
presentation
that
Taylor's
doing
will
be,
but
we
can
certainly
when
we
come
back
on
November
15th
and
the
Auditors
do
their
presentation.
We
can
include
some
of
these
slides
and
information
with
that
presentation.
D
D
How
is
that
going
to
play
out
in
decades
future
budgets
right
because
I'm
kind
of
looking
at
like
when
money,
Cycles
back
around
and
I,
don't
know
if
that's
something
that
should
maybe
be
in
your
department
or
something
it's
not
just
bringing
it
up,
because
I
think
that's
going
to
be
really
helpful
to
us
as
we
look
down
the
road
at
like
I,
don't
know
maybe
in
2024
or
maybe
we
do
bonds,
affordable,
housing,
bonds
or
something,
but
do
we
need
to?
D
C
G
While
Elise
says
pulling
up
our
presentation
here,
hopefully
there,
we
go
all
right
good
afternoon,
council
members
again
just
a
quick
kind
of
high
level
overview
of
where
we
are
at
so
far
after
the
first
quarter,
which
ended
September
30th
for
fiscal
year.
2022-23
next
slide.
G
So
briefly,
we're
just
going
to
hit
revenues
and
then
expenses,
both
personnel
and
operating,
will
touch
just
for
a
moment
on
business
type
activities
in
the
general
fund,
which
are
the
Nature
Center
and
Aston
Park,
Tennis,
Center
and
then
kind
of
some
summary
and
next
steps.
G
I
think
that
what
you'll
hear
me
say,
probably
quite
a
few
times
are
these
these
bullets.
Here
it's
still
really
early
in
the
fiscal
year,
and
you
know
we
are
missing
or
we
just
don't
have
yet
some
really
key
data
that
will
kind
of
help
us
better
forecast
where
we'll
we'll
end
the
year.
But
what
we
have
so
far
both
on
the
revenue
side
and
the
expense
side
leads
us
to
that.
You
know
we
are
spending
revenues
coming
in
as
expected,
and
spending
is
occurring
as
expected
as
well.
G
Next
slide,
all
right,
so,
starting
with
the
revenues
we
just
wanted
to
kind
of
give
you
a
little
bit
of
a
refresher
here.
This
is
general
fund
current
year
adopted
budget
revenues.
Key
takeaway,
as
always,
is
that
property,
tax
and
sales
tax
are
overwhelming
majority
of
Revenue
in
the
general
fund
over
75
percent
of
our
budgeted
revenues.
C
G
All
are
aware:
Buncombe,
County
and
HCA
reached
a
settlement
after
I
think
a
few
years
on
an
ongoing
property
tax
value
dispute,
part
of
that
settlement
or
as
part
of
that
settlement,
they're
going
to
refund
some
prior
year
payments
to
HCA
and
that's
actually
going
to
be
deducted
from
their
current
year
tax
bill.
G
So
what
that
means
for
the
city
of
Asheville
is
that
we're
going
to
see
a
483
000,
approximately
483
000
deduction
in
our
reduction,
I
should
say
in
our
in
our
property
tax
revenues
and,
while
you
know
I,
don't
want
to
undersell
the
impact
of
an
almost
half
a
million
dollar
Revenue
that
we
are
expected
to
receive
but
will
not
be
receiving.
G
We
do
think
that
you
know
we're
still
likely
to
be
on
target
with
our
budget
projections,
as
it
relates
of
property
taxes
due
to
growth
in
our
property
tax
base,
so
Renovations
new
building
that
kind
of
thing
we
you
know,
get
those
that
that
information
from
the
County
tax
office
I
think
rightfully
they
conservatively
estimate
what
that
growth
is
going
to
be
every
year.
G
So
we
expect
that
that
we'll
again
still
come
in
on
budget
on
property
taxes
and
for
some
context
again,
483
thousand
dollars
is
significant,
but
in
it
it
is
under
0.6
of
our
total
property
tax
budget,
which
is
about
81.4
million
dollars.
A
And
Taylor
on
a
on
an
ongoing
basis,
so
the
483
does
that
represent
five
years.
Two
years.
G
I'm
not
sure
I
want
to
say
it's
less
than
five,
pretty
confident
about
that.
I,
don't
know
attorney.
If
you
haven't
answered
that.
A
D
Well,
I'm
just
pretty
upset
about
this
I
I'm
disappointed
so
I
guess
when
I
wasn't
on
Council,
when
this
deal
was
happening
or
anything
but
I
remember
looking
into
it
and
reading
in
other
cities
that
they
had
done.
This
perpetually
fought
down
the
valuation
to
reduce
their
property
tax
leverage.
Meanwhile
posting
like
billions,
and
you
know
net
profits
and
stuff,
but
so
I
mean
I.
D
G
You
know,
barring
any
again
new
equipment
that
they
purchase
or
Renovations
or
expansions
that
they
do.
The
the
value
will
remain
the
value
until
there's
a
a
new
valuation
that
this.
A
Okay,
well,
this
isn't
this
isn't
something
that
the
city
would
have
been
involved
with
yeah.
C
And
I
was
just
gonna,
have
two
quick
things:
one
is
the
483
represents
two
years
of
of
value
or
or
taxes
rebated
to
them
and
then
kind
of
your
point.
Councilmember
Whistler
this
was
the
settlement
was
negotiated
between
the
county
and
HCA
and
the
property
tax
commission.
Our
folks
on
our
side
were
not
involved
with
that.
So.
A
G
Yeah
certainly
again
not
not
ideal,
but
we
we
expect
that
we
will
still,
at
least
you
know,
not
be
a
Major
Impact
on
the
on
our
property
tax
revenue
overall
next
slide.
G
So
Tony
hit
a
little
bit
of
this
already,
but
we
have
only
received
one
month
of
FY
23
sales
tax
data
from
the
Department
of
Revenue.
We
actually
got
that
I
guess
last
week,
or
maybe
it
was
the
week
before
now,
good
news,
I
guess
overall
July
2022
sales,
tax
revenues,
8.5
percent
above
July,
2021.
Again,
as
Tony
mentioned
for
the
fiscal
year
last
year,
we
saw
growth
17
percent
higher
than
the
the
previous
year,
which
is
pretty
substantial,
and
you
know
just
for
kind
of
a
comparative.
G
What
we
would
say
is
typical
in
a
growth
year
and
I
do
want
to
say
that
growth
in
sales
tax
is
not
a
guaranteed.
It
does
go
down
sometimes,
but
typical
growth.
We
would
see.
We
would
estimate
somewhere
around
five
percent,
so
pretty
substantial
increases,
but
we
do
see
you
know
some
economic
uncertainty
and
interest
rate
increases.
The
FED
is
likely
to
continue
that.
That's
probably
going
to
temper
growth
in
the
current
fiscal
year.
The
other
thing
I
do
want
to
point
out.
G
Is
that
again,
while
8.5
percent
is
pretty
substantial,
you
know
some
portion
of
that
is
related
to
inflation,
so
obviously,
as
the
cost
of
goods
and
services
goes
up
the
percentage,
you
know
the
taxes
paid
on
that
are
going
to
go
up
as
well,
and
you
know
we're
seeing
similar
challenges
and
goods
and
services
that
we're
procuring
from
an
inflation
perspective.
G
So
I
guess
on
one
hand
good
that
we're
keeping
up
with
that,
but
I
think
it
it's
not
8.5
percent
kind
of
you
know
just
growth,
I
guess
I'll
put
it
that
way.
G
Next
slide,
we
did
want
to
touch
on
the
parking
fund.
You
know
we.
We
had
a
lot
of
discussions
around
parking,
especially
their
revenues
last
year,
and
so
we
wanted
to
give
you
all
an
update
there.
Good
news
Revenue,
especially
from
the
parking
garages,
but
the
meters
as
well,
are
performing
as
expected
and
in
line
with
budget
we're
seeing
significantly
better
Revenue
than
last
fiscal
year,
and
while
our
garages
are
in
line
with
pre-pandemic
budget
performance,
they
are
under
pre-pandemic,
actuals
and
I'll.
G
Try
to
unpack
that
a
little
bit,
because
that's
not
super
straightforward,
but
hopefully
I
can
explain
it
succinctly
so
last
year
our
first
quarter
garage
Revenue.
So
this
is
just
for
just
for
the
garages
was
seven
percent
of
budget,
which
is
obviously
well
under
what
you
would
want
it
to
be
this
year,
it's
27
and
for
again
kind
of
a
comparison
pre-pandemic
in
FY
19.
It
was
24,
so
we're
right
there,
pretty
close
with
how
things
were
performing
relative
to
budget
before
the
the
pandemic.
G
However,
if
you
look
at
the
actual
dollars
that
have
come
in
first
quarter,
total
revenue
again
just
for
the
the
garages
is
around
eight
hundred
thousand
dollars
compared
with
a
million
million
dollars
in
FY
19.
So
again,
we're
still
under
from
an
actual
dollar
level
where,
where
we
were
seeing
things
pre-pandemic
but
again
to
compare
to
to
last
fiscal
year
we
had
received,
we
had
brought
in
300
000
in
the
first
quarter
of
last
fiscal
year.
G
D
Okay,
yeah,
we
don't
really
have
like
a
parking
committee
or
something
so
I
assume.
This
is
the
best
place
to
mention
this,
but
I'm
just
wondering
if
we
can
start
getting
some
more
detail
on
these
revenues.
There
used
to
be
a
subcommittee,
the
downtown
commission
that
would
look
at
charts
and
graphs
on
parking,
because
I'm
getting
mixed
signals
like
one
I,
had
a
local
business.
D
The
federal
building
some
officers
in
that
building
had
requested
if
the
city
had
any
available
parking
and
I
followed
up
with
the
parking
department
and
everything,
and
what
I
learned
was
that
our
wait
list
was
handwritten
and
there's
no
technology.
D
There
was
no
email
thread,
I'm,
just
wondering
if
there's
like
some
things
that
we
could
be
doing
to
look
closer
at
this
Revenue
stream
and
how
it's
structured
to
make
sure
it's
implementing
and
moving
smoothly,
because
you
know
keeping
a
hand
list
and
phone
calling
everybody
on
a
waitlist
to
get
a
parking
space
in
a
deck
seems
really
old-fashioned
and
it's
not
helping.
You
know
it's
not
being
addressed
so
I
thought
I'd
share,
I
mean
we
don't
have
a
place
to
share
this.
So
I
thought
I
would
here.
F
We
are
working
on
modernizing
updating,
getting
the
kind
of
information
in
a
in
a
format
that
is
readily
accessible,
and
so
we
we're
working
on
it
sage
and
that's
great.
If
you
give
us,
give
us
a
couple
of
months
and
and
then
I
have
it
that'll
be
able
to
have
it
together,
particularly
before
we
go
through
the
next
excuse
me,
budget
cycle.
D
Okay,
that's
great
I
love
that
Ben
has
that
skill
set
already
I
guess
you
know,
as
we
see
it,
starting
to
impact
revenues
for
Transit.
We
really
got
to
look
at
how
fumbling
in
this
department
might
really
hurt.
Others.
F
G
Are
any
other
questions
on
parking
I
think
we
can
move
to
the
next
slide,
so
wrapping
up
on
the
revenue
side
did
want
to
make
mention
ABC
Revenue.
So
there
we
have
a
kind
of
Revenue
sharing
arrangement
with
the
ABC
board
for
last
fiscal
year
came
in
almost
nine
hundred
thousand
dollars
higher
than
the
previous
fiscal
year,
which
is
a
pretty
substantial
increase.
We
did
reach
out
to
the
general
manager
and
he
let
us
know
that
he
thinks
that
kind
of
growth
is
unlikely
to
continue
in
the
current
year.
G
Again,
as
I
said
you're
going
to
hear
me
say
inflation
a
couple
more
times,
you
know
they're
seeing
Personnel
costs
increases
and
then,
of
course
you
know
the
their
I
guess
wholesale.
You
know
cost
of
the
goods
that
they
sell
going
up
as
well.
So
again,
he
did
not
anticipate
that
that
would
continue
at
that
rate
into
the
current
fiscal
year.
G
So
to
summarize,
first
quarter
general
fund
revenues,
six
percent
of
budget
that
may
appear
alarming,
but
again,
as
Tony
mentioned
earlier,
our
you
know
most
of
our
revenues
coming
from
property
tax.
Most
folks
don't
pay
their
property
taxes
until
they
are
considered
late
in
January,
so
we
get
all
of
most
of
that
Revenue
in
the
second
and
third
quarter.
So
again,
as
expected
there
and
then
in
the
Enterprise
funds,
we
kind
of
see
a
little
bit
of
a
range
most
right
around
that
25
percent
Mark.
G
The
two
that
I
would
say
are
are
not
one.
That's
at
one
percent
is
our
street
cut
Utility
Fund
questions
and
that's
actually
build
out
based
on
actual
expenses
quarterly,
so
they
just
sent
their
bills
out
they're
actually
already
over
25
now
in
October,
and
then
storm
water
a
little
bit
under
that
25
Mark
as
well,
but
they
have
some
commercial
accounts
that
aren't
billed
on
a
monthly
basis.
G
So
again,
as
we
would
expect,
you
know
those
those
revenues
are
coming
in
kind
of
right,
along
with
the
as
the
year
progresses.
D
Come
on
real,
quick,
the
ABC
revenues
or
net
goes
into
general
fund,
or
is
it
okay,
so
I
just
read
I
guess
it
was
in
one
of
when
your
committee,
I
guess,
does
this.
It
was
through
an
update,
a
presentation
where
one
ABC
Store,
the
one
on
Charlotte
Street,
was
like
the
most
profitable
and
did
like
12
million
gross
sales
and
netted
like
over
2
million
I'm
curious.
D
If
it
looks
like
in
those
applications
for
the
chair
of
that
board,
we
heard
some
of
what
that
board
might
be
thinking
about
with
that
Revenue
stream,
but
I
have
been
I
had
a
couple
conversations
around
like
what
could
ever
happen.
It's
going
to
feel
so
Random
y'all
with
the
South
South
Charlotte,
Street
property
and
our
Redevelopment.
F
A
What
they
so
the
reason
that
store
has
profits
like
that
is
because
that
is
the
store
that
Services
all
of
the
restaurants
right
and
net
income
for
restaurant
sales
is
higher
than
for
retail
sales.
Okay,
just
the
nature
right
follow
them
anyway.
A
A
The
the
you
know,
restaurants,
for
a
lack
of
a
better
but
the
city,
because
they
have
plans
for
the
South
Charlotte
Street
was
willing
to
accept
right
now,
they're
on
a
month
to
month
on
that
store,
and
the
city
was
willing
to
extend
the
lease
for
a
period
of
time,
but
not
long
enough
that
the
ABC
Board
felt
that
they
that
would
justify
them,
putting
a
bunch
of
capital
into
that
building.
A
So
what
they're
planning
on
doing
is
expanding
their
Cherry
Street
location
and
changing
out
their
Cherry
Street
location,
so
that
location
will
service.
The.
A
C
A
D
A
Legal
exactly,
but
you
know,
I
do
think
I
I
mean
I've
been
saying
like
the
whole
time
that
I've
been
liaison
is
I
really
think
that
Council
needs
to
understand
the
ABC
process
a
little
bit
better
because
I
mean
it's
not
it's
not
a.
You
know
it's
not
20
of
our
budget
or
anything
like
that.
But
it's
not
insignificant.
It's
not.
A
D
A
Yeah
no-
and
you
know
like
if
that
were
privatized,
the
city
would
be
saying
goodbye
to
about
three
million
dollars
of
Revenue
right.
We
basically
don't
do
anything
for.
D
And
it
strikes
me
that
these
inflated
revenues,
these
gross
larger
revenues,
are
because
of
the
restaurant
community,
and
you
know
on
the
sideline
here:
we've
got
the
county
asking
the
TDA
for
money
to
help
build
housing
for
restaurant
workers,
and
then
we've
got
air
working
with
affordable
housing
developers
to
develop
a
team,
a
non-profit.
To
maybe
start
I
mean
like
I.
Just
wonder
if
we
should
be
talking
about
this
Revenue
stream
a
little
more
creatively.
G
Now
we'll
just
point
out,
you
know
that
you
know,
since
it
is
General
funded.
You
know
we
are
using
those
revenues
right
now
to
support
the
the
you
know.
Cost
of
you
know
a
variety
of
services
that
we
provide
in
the
in
the
general
fund,
so
you
know
earmarking.
It
would
perhaps
come
at
the
expense
of
something
that
we're
currently
doing.
G
Okay,
so
next
slide
and
again,
I
think
we're
yeah
moving
over
to
the
expense
side
again
at
a
current
year,
adopted
general
fund
Budget
on
the
expense
side
and
I.
Think
as
as
we
typically
say,
the
big
takeaway
here
is
personal.
Related
costs
are
our
most
significant
expense
at
about
62
percent
of
the
total
in
the
general
fund.
Next
slide.
G
So
on
the
Personnel
side,
actual
expenses
are
tracking
your
budget
as
anticipated.
Just
as
a
reminder,
we
did
make
some
adjustments
with
the
start
of
the
fiscal
year
in
July
we
increased
the
minimum
salary
for
full-time
employees
to
thirty
five
thousand
three
hundred
and
sixty
dollars
annually
and
provided
other
staff
with
most
other
staff
with
a
five
percent
or
if
they
were
hired
more
recently
at
two
and
a
half
percent
increase.
G
We
do
have
some
additional
changes
planned
for
the
current
fiscal
year
in
January,
we're
going
to
increase
that
minimum
salary
to
36
816
annually,
and
then
we
also
have
a
consultant
that
is
assisting
us
with
an
analysis
of
compression
so
that
we
can
make
some
adjustments
related
to
that
We've.
G
You
know
kind
of
increased
that
that
minimum
salary
several
times
over
the
last
few
years
and
trying
to
make
sure
that
you
know
we're
again
alleviating
as
much
of
those
compression
issues
that
we've
created
as
a
result
of
that,
as
we
can
afford
to
do.
Essentially
next
slide
and
Shannon
Barrett,
HR,
Director,
I,
think
more
or
less
gave
all
of
this
information
to
you
all
back
in
August,
but
I
wanted
to
share
it
again.
We
have
made
some
adjustments
to
try
to
you,
know,
recruit
and
retain
staff
in
the
police
department.
G
We
changed
an
advanced
law
enforcement
certification
to
a
five
percent
ongoing
supplement
from
a
one-time
five
percent.
So
again
they
were
just
getting
that
one
time
once
they
received
that
certification.
Now
it
will
be
an
ongoing
supplement.
We
added
a
hiring
bonus
structure
for
both
current
employees
that
refer
new
candidates
or
new
hires
new
hires
that
need
training
and
also
certified
officers
for
providing
relocation,
assistance
additional
leave
to
both
new
hires
and
current
officers,
and
we
believe
that
we
can
absorb
these
additional
costs
based
on
some
updated
assumptions
around
their
their
current
vacancies.
G
So
they
saw
some
additional
vacancies
that
we
didn't
plan
for
back
in
in
the
spring
during
the
budget
process.
So
again
we
think
that
they
can
absorb
most
of
these
costs
next
slide.
G
So
on
the
operating
side,
again,
inflation
is
still
a
big
concern
for
us,
but
so
far
we
are
seeing
expenses
trending
within
budget
I
did
want
to
make
mention
a
Transit
service.
Again
we
talked
at
length
about
that
during
the
budget
process.
We
do
still
have
one
service
interruption,
in
effect
due
to
the
driver's
shortage.
That
is
a
reduced
frequency
on
one
route.
I
think
it's
hourly
instead
of
twice
an
hour.
I
believe
is
the
the
change
there.
G
But
again
we
are
seeing
the
the
cost
of
that
service,
which
is
primarily
through
our
management.
Company
contract
is
kind
of
tracking
the
budget.
Again,
as
we
would
expect.
G
I
did
also
want
to
make
mention:
Council
approved
a
new
management
arrangement,
I
guess
I'll
say
at
the
municipal
golf
course.
Those
folks
I
think
are
are
getting
underway
now.
They're
planning
to
do
some
work
to
the
course
and
some
of
the
amenities
and
the
newer
in
the
newer
instrument.
We
have
a
profit
sharing
Revenue
sharing
model,
so
there
is
a
potential
that
you
know
as
if
we
had
a
you
know,
really:
cold
winter
and
as
they're
making
some.
G
You
know
shutting
down
the
course
from
time
to
time
again
to
make
those
updates
where
we
might
have
some
months
where
we
lose.
You
know
we
don't
make
any
money,
so
we're
not
sure
what
that's
going
to
look
like,
because
there
are
a
lot
of
factors
that
play
there,
but
we
did
want
to
bring
that
to
your
attention
next
slide.
G
We
did
a
lot
of
hit
on
our
again
our
business
type
activities,
the
the
tennis
center
and
the
Nature
Center.
We
just
did
a
look
back
at
last
year
and
for
Aston
Park.
G
Their
expenses
were
126
000
over
their
actual
revenues
last
year,
that
is
about
revenues
about
52
of
expenses
and
then
for
the
Nature
Center
expenses.
339
000
over
revenues
there,
which
is
about
78
revenues
to
expenditures,
is.
G
So
and
we
we
haven't,
provided
you
know
before
the
pandemic,
we
I
think
provided
more
regular
updates
on
these
two
facilities
to
the
finance
and
HR
committee.
I
think
it
has
been
since
pre-pandemic
that
we've
done
that
I
did
go
back
and
look
in
the
Nature
Center
I
had
a
25
subsidy
goal
pre-pandemic,
so
there
I
would
sit.
You
know
on
target
with
that.
G
We
I
was
not
able
to
quickly
locate
a
a
target
for
Aston
Park,
but
the
last
in
the
last
update
that
we
gave
to
finance
and
HR
committee,
it
was
closer
to
20.
So
that
is
a
bit
of
a
change.
A
Yeah,
if
I
recall
we
we
tentatively
were
going
for.
You
know
the
25
subsidies
for
both
of
them,
but
frankly
we
ran
into
a
bit
of
a
buzz
saw
at
the
tennis
center.
So
this
is
not
going
the
right
way
and
that
Community,
what's
the
most,
what
pushes
back
a
lot
on
any
sort
of
expense
reduction
or
fee
increases.
So
that's
the
that's.
The
issue
I
mean
the
Aston.
Center
is
not
going
the
right
way
and
hasn't
been
for
a
couple
years
now,
but.
D
D
A
Center,
you
know
the
Nature
Center,
especially
the
the
partnership
with
the
friends,
has
really
helped,
and
it
would
be
great
if
we
had
the
same
kind
of
you
know
something
like
that
with
the
tennis
group,
but
it
it
has.
When
we've
tried
to
make
some
operational
changes,
it's
been
difficult
to
implement.
A
G
I
will
also
say
again
that
we
we
haven't,
you
know,
looked
closely.
Excuse
me
at
the
you
know:
we
try
to
not
increase
fees
through
the
pandemic,
so
and
I
think
that
is
especially
true
and
the
tennis
Center's
case,
which
probably
wasn't
open
for
a
large
chunk
of
the
pandemic,
but
we
have
seen
some
pretty
substantial
increase
in
especially
Personnel
costs
from
again
FY
19.
So
that's
probably
something
that
we
might
want
to
look
more
closely
at.
G
In
addition,
both
of
these
facilities
are
in
a
manner
of
speaking
Under
New
Management
as
part
of
the
new
Department,
which
I'm
not
going
to
try
to
say
what
the
acronym
is,
because
I'll
probably
get
it
wrong.
I
think
it's
community
and
Regional
Entertainment
facilities,
I'm.
G
One,
but
you
know
I
expect
that
again
through
those
opportunities
that
that
department,
director
Chris
Coral
has
with
you
know,
sponsorships
and
that
kind
of
thing
that
we
we
will
probably
see
some
improvement,
not.
D
F
D
D
We've
been
having
ongoing
problems
with
restaffing
our
Police
Department,
it's
not
just
Asheville
and
so
on,
but
some
of
the
things
that
communities
around
us
were
doing
some
of
these
incentive
programs.
We
were
not
doing,
and
we
don't
know
if
it
was
impacting
our
ability
to
recruit
or
whatever.
But
this
is
a
big
step,
and
so
I
just
didn't
want
to
go
by
with
it.
Just
like
real
quick,
because
I
really
want
to
appreciate
you
all
for
taking
these
actions
and
working
on
this
and
I'm
really
hoping
that
it
helps.
F
And
going
if
I
could
respond,
and
this
is
a
phase
one
We've
Only
Just
Begun,
because
we
know
it
is,
it
is
the
market
for
law
enforcement
offices
is
so
competitive.
Now
we're
not
gonna
be
irresponsible,
but
what
we
are
going
to
do
is
try
to
look
at.
F
In
addition
to
and
Miss
Kilgore
can
can
speak
to
this
in
terms
of
the
Public
Safety
Committee
meeting,
we
had
some
an
update
on
Epic
and
epic
recruitment
initiatives,
so
we're
we're
we're
we're
doing
very,
very
strategic,
targeted
research
data,
Gathering
market
analysis,
assessments
and
and
working
with
the
chief
of
police.
It
was
saying
Deborah.
This
is
a
great
start
for
us.
So
again
it's
it's
not
all,
but
it's
it's
a
good
start
and
we
we
work
with
Finance.
F
We
work
with
HR
to
get
here
so
and
they're
paying
for
it
all
out
of
their
existing
budget,
but
I
appreciate
you
saying
it.
Thank.
C
G
All
right
so
I
think
we
are
to
the
summary
if
we
skip
forward
one
more
okay,
so
again,
overall,
things
are
looking
at
as
we
would
expect
revenues
and
expenses
tracking
budget,
but
it
is
still
very
early
in
the
fiscal
year.
G
One
thing
that
I
did
want
to
note
is
that
you
know
we
will
continue
to
to
monitor
through
the
year
to
see
if
we
end
up
needing
to
utilize
the
arpa
appropriation
that
we
did,
which
was
a
little
over
two
million
dollars
in
the
general
fund
and
three
hundred
thousand
dollars
in
the
transit
fund
and
again,
if,
if
our
revenues
actual
revenues
come
in
such
that
we
don't
need
to
utilize
that
or
not
all
of
that
in
either
instance,
we
will.
G
We
will
certainly
Look
to
You,
know
hold
that
back,
so
that
it
can
be
utilized
for
alternative
uses.
I
did
want
to
also
make
note
you
may
have
noticed.
There
is
no
information
on
capital
projects.
In
this
presentation
or
in
the
actual
report.
G
We
had
initially
intended
to
provide
a
presentation
on
our
CIP
process
to
this
committee
and
have
our
financial
advisors
give
an
overview
of
our
debt
model
today,
but
with
the
December
13th
Council
Works
session,
scheduled
around
Capital
we're
going
to
kind
of
hold
that
all
for
that
conversation
together.
So
we'll
we'll
review.
Excuse
me
we'll
review
that
information
at
that
point
again.
G
Looking
forward
we'll
have
our
second
quarter
report
presented
in
January,
I,
think
yeah
the
24th
and
then
looking
a
little
more
forward
to
the
budget
process.
You
know
at
I
think
that
we
will
see
Personnel
costs
as
a
significant
factor
in
our
budget
development
for
next
year.
You
know
I,
think
we've
mentioned
in
the
past
that
we've
seen
we've
had
really
good
performance
in
our
health
fund.
G
Health
costs
have
not
increased
at
the
rate
that
you
know
a
lot
of
other
folks
have
seen,
but
we're
likely
to
be
in
a
position
where
the
employer
and
perhaps
employee
contributions
are
are.
You
know
need
to
be
increased
for
that
and
then,
of
course
again
as
we're
seeing
inflation,
housing
costs
Etc
rise
nationally
and
locally
likely
that
we,
you
know,
we'll,
be
looking
at
increases
from
the
salary
perspective
as
well
and.
G
Yeah
well,
I
will
apologize
to
you
all
in
advance
that
you'll,
you
know
you'll
get
to
hear
all
of
this
again
in
a
few
hours.
So
sorry,
that's.
D
A
Okay:
well,
if
we
don't
have
any
more
questions
or
comments,
I'm
gonna
go
ahead
and
move
into
the
next
item
on
the
agenda,
which
is
public
comment.
We
have
not
received
any
public
comment
prior
to
the
meeting
and
I'll
check
with
Alicia
to
see
if
anyone
is
in
the
queue
that
would
like
to
make
a
public
comment.
A
The
little
kitties
watching
that's
right
all
right.
Well
with
that,
ladies
and
gentlemen,
I
remind
you
guys
that
you
need
to
be
the
council
members,
you
need
to
be
at
City
Hall
at
four
o'clock.
D
All
right,
you
all
have
your
city
of
Asheville
mask
I.
Just
wondered
I
suggested
this
photo
for
video
for
historical
sake.
You
know
like
we
never
really
got
a
great
photo
and
before
we
lose
Gwen
we
needed
to,
but
do
we
need
one?
You
know
like
the
year
that
Council
all
had
to
be
messed
up.
It's
just
the
thought
historical
purposes.
You
know.
A
But
our
pearls
Maybe,
okay,
well,
we'll
see
what
how
that'll
go
tonight,
but
you
know
be
on
time:
don't
give
Lee
a
hard
time
all
right.
So
with
that
all
during
the
meeting
see
you
tonight.