►
Description
San Bruno City Council Meeting May 12, 2020
7b. Third Quarter Financial Update Report
B
C
Mayor
medina
members
of
the
city
council,
our
presentation
will
be
provided
by
finance
director
keith
d
martini.
It
is
a
third
quarter
update
for
the
current
1920
fiscal
year.
We
will
also
be
providing
a
high
level
overview
of
where
our
revenue
projections
are
for
the
coming
fiscal
year,
fy
2021
that
will
begin
july
1.
C
D
Okay,
good
evening,
honorable
mayor
members
of
the
city
council,
first,
can
you
hear
me?
Okay,
yes,
go
ahead,
it
has
the
presentation
on
the
screen
as
well.
It
is
all
right,
great
okay,
so,
as
a
city
manager,
manager
indicated
I'll,
be
providing
a
high
level
overview
of
the
city's
financial
projection
through
the
end
of
the
third
quarter,
which
is
through
march
31st.
D
So
the
objective
of
the
presentation
this
evening
is
to
receive
an
update
through
quarter
three
and
to
request
that
the
city
council
adopt
a
resolution
amending
the
fiscal
year,
2019-2020
operating
and
capital
improvement
budget
by
approving
of
the
budget,
balancing
strategies
that
are
before
you
this
evening,
and
then
staff
are
also
wanting
to
provide
a
very
high
level.
Preliminary
overview
of
the
general
fund
projected
budget
deficit
in
next
fiscal
year's
budget
fiscal
year,
20
20
21.
D
Just
as
a
reminder.
Staff
do
come
before
the
city
council
on
a
quarterly
basis.
At
the
end
of
each
fiscal
quarter,
staff
provides
a
high
level
overview
of
revenues
and
expenditures.
To
date.
We
also
provide
a
projection
of
where
we
think
we
will
end
up
at
each
at
each
fiscal
year.
Quarter.
One
is
a
very
preliminary
review
quarter.
Two
for
the
mid-year
report
is
a
much
more
detailed
review
and
then
quarter
three
where
we
are
today.
D
D
So
that
shows
a
great
deal
of
progress
in
making
sure
that
we
are
limiting
the
use
of
fund
balance
year
over
year
again
in
the
current
fiscal
year,
it
does
meet
all
the
current
fiscal
year.
Budget
does
meet
all
of
the
targets
set
in
the
city's
reserve
policy,
which
include
a
1.5
million
dollar
fund
balance,
meaning
our
25
reserve
target
and
a
number
of
other
reserves
as
well.
D
This
slide
shows
a
high
level
revenue
pie
chart
on
the
left,
showing
what
are
the
city's
proportional
major
revenue
sources
that
pay
for
general
fund
expenses,
that
with
property,
tax
and
sales
tax
being
the
two
highest
largest
revenue
sources.
But,
as
you
can
see,
we
have
revenues,
which
is
the
general
fund
from
many
other
sources
as
well.
The
pie
chart
on
the
right
shows
where
those
general
fund
sources
are
used
to
pay
for
the
services
that
the
city
provides
to
its
number
to
the
public.
D
At
that
time,
staff
was
projecting
a
4.2
million
dollar
revenue
shortfall
in
the
current
fiscal
year's
general
fund,
and
that
was
primarily
attributable
to
four
major
sources,
the
first
one
being
sales
tax,
and
that
was
primarily
due
to
the
anticipated
reduction
of
activity
from
the
closure
of
sears.
The
san
fran
mall,
along
with
a
number
of
other
unchanged
sales
tax,
as
well.
D
Third,
the
city's
business
license.
Tax
revenue
was
projected
to
be
down
almost
seven
hundred
thousand
dollars,
and
that
was
primarily
due
to
the
closure
of
sky
park,
an
airport
parking
facility
off
of
san
mateo
avenue
and
then
fourth,
due
to
the
delay
of
a
number
of
large
development
project
reviews
with
the
community
and
economic
development
department,
staff
was
projecting
the
city's
permit
building
permit
fee
revenue
to
be
to
be
reduced
by
about
1.9
million
dollars.
D
In
february,
the
city
council
took
actions
to
balance
that
deficit
by
about
3.7
million
dollars
and
that
left
the
remaining
500
000
to
be
addressed
during
the
quarter
free
report
where
we
are
today.
The
council
took
actions
at
that
meeting
in
february
to
delay
a
number
of
capital
projects
and
use
that
project
funding
to
help
balance
the
city's
general
fund
budget,
that
was
about
2.8
million
dollars,
and
then
there
were
a
number
of
other
actions
took
and
taken
to
reduce
operating
expenditures
delay
the
hiring.
D
D
So
since
the
quarter
two
report,
the
mid-year
report
staff
has
been
working
diligently
to
understand
what
are
the
impacts
to
the
city's
budget
related
to
covet.
19.
staff
delivered
a
presentation
early
in
april
as
to
the
preliminary
impacts
related
to
coba
19,
and
that's
summarized
here
on
this
on
this
table
before
you
right
now.
D
D
Staff
were
also,
though,
projecting
to
experience
some
savings
in
our
expenditures
due
to
the
closure
of
many
of
our
facilities
in
the
post,
the
postponement
of
services
that
the
city
provides,
and
there
were
also
some
additional
increased
expenditures
related
to
covet
as
well.
But
this
slide
shows
that
just
covid
itself
in
the
current
fiscal
year
was
about
a
2.7
million
dollar
impact
on
the
general
fund.
D
There
were
a
number
of
other
changes
that
have
been
incorporated
into
the
current
fiscal
year
projection
as
well.
The
most
notable
ones
noted
here
the
beginning
fund
balance
for
the
general
fund
in
the
current
year.
Now
that
we
have
completely
closed
out,
the
prior
fiscal
year
actually
showed
a
little
bit
of
improvement
a
little
over
three
hundred
thousand
dollars.
D
We
have
since
learned
that
the
motor
vehicle
license
fee
that
was
projected
to
be
down
about
a
million
dollars
that
the
county
has
revised
their
projection
based
on
different
assumptions
working
with
the
state
and
that
shortfall
is
not
going
to
be
nearly
as
significant.
It
will
only
be
a
little
over
a
hundred
thousand
dollars,
so
it
shows
a
little
over
eight
hundred
and
thirty
thousand
dollars
for
improvement.
D
The
staff
have
combed
through
every
line
item
in
every
department
budget,
with
over
the
last
month
and
a
half
two
months
in
preparation
for
the
budget
and
through
vacancy
savings
from
unfilled
positions
to
line
item
savings
and
materials
and
supplies
and
contracts,
equipment
and
vehicles.
Staff
believe
that
we
can
achieve
a
little
less
than
two
million
dollars
of
additional
savings.
D
So
with
that,
let
me
let
me
transition
from
where
we
were
at
the
mid-year
report
to
where
we
are
today
again
at
the
mid-year
report.
Council
took
an
action
to
resolve
the
majority
of
the
projected
4.2
million
dollar
deficit
that
left
about
500
000
of
a
deficit
to
be
resolved.
That's
the
first
line
on
this
table
before
you.
Since
then
we
we
incorporated
the
impacts
of
cobia
19,
both
on
our
revenue
loss
and
some
expenditure
savings
shown
on
this
table.
D
This
table
summarizes
the
current
year,
amended
budget
to
where
we
think
we
will
end
up
by
the
end
of
the
fiscal
year.
Overall,
revenues
are
projected
to
be
down
a
little
over
10
percent
compared
to
what
we
originally
budgeted
achieving
some
expenditure
savings
of
about
four
percent
as
well
as
you
can
see,
the
beginning
fund
balance
in
the
general
fund
is
about
2.8
million
dollars,
and
so,
when
you
incorporate
the
projected
deficit
of
1.27
million
dollars
on
the
far
right
column,
the
resulting
ending
fund
balance
leaves
you
at
about
1.5
million
dollars.
D
It's
important
to
note
here
that
the
city's
reserve
policy
that
was
adopted
by
the
council
back
in
2013
it
does
state
a
goal
of
remaining
of
retaining
about
1.5
million
dollars
in
the
general
fund
by
the
end
of
the
fiscal
year.
So,
with
utilizing
fund
balance
that's
available
in
the
general
fund,
we
are
still
able
to
achieve
the
the
target
ending
fund
balance.
As
stated
in
the
reserve,
policy
staff
will
continue
to
monitor
activity
throughout
the
year.
D
Our
transient
occupancy
tax
or
the
hotel
tax
also
is,
is
projected
to
be
down
by
a
little
over
600
thousand
dollars,
because
there
is
very,
very
little
hotel
occupancy
occurring
in
san
bernardino
hotels
that
started
in
march
with
the
shelter
and
place
quarter,
and
that
has
continued
and
staff
are
projecting.
That
will
that
will
continue
significantly
into
the
budgets
into
the
budget
year
as
well.
D
Our
motor
motor
vehicle
license
fees.
I
mentioned
we
were
originally
projecting
about
a
million
dollar
deficit,
but
now
it's
only
showing
about
188
000
deficit.
The
city's
business
license
taxes.
As
I
said
earlier,
sky
park
was
the
largest
contributing
factor
to
our
reduced
business,
license
tax
fee,
as
well
as
our
departmental
revenues
experiencing
a
great
deal
of
downturn
due
to
the
shelter
in
place
order,
as
well
as
the
reduced.
The
reduction
of
the
major
development
projects
in
the
building
in
the
planning
department.
D
D
So
with
that,
let
me
shift
gears
to
talk
about
the
four
enterprise
departments
in
the
city's
budget,
they're
the
water
wastewater
city,
net
services
and
stormwater,
and
they
operate
more
like
their
own
standalone
business
for
water
and
wastewater.
The
the
the
revenues
and
expenditures
coming
in
are
as
planned.
It
includes
nine
months
of
the
service
charges
of
the
third
year
of
the
rate
increase
I'm
already.
In
effect,
I
will
talk
about
city
net
services,
a
little
bit
more
detail
in
the
next
slide.
D
D
D
In
prior
years.
The
city
council
has
not
taken
an
action
at
this
point
by
adopting
a
resolution
to
allow
the
city
net
services
department
to
operate
an
operating
deficit
for
this
fiscal
year.
Staff
consider
it
to
be
prudent
to
request
that
an
action
be
taken
by
the
city
council
to
allow
that
to
occur.
D
D
The
staff
have
analyzed
its
major
general
fund
revenue
sources
and,
at
this
time,
related
to
the
ongoing
economic
impacts
related
to
cobia.
19
staff
are
currently
projecting
that
our
sales
tax
revenue
will
be
will
decline
by
18
year-over-year.
We
project
that
our
transient
occupancy
tax
will
likely
decline
by
30
year-over-year
our
business
license.
D
With
that,
there
will
continue
to
be
some
cost
increases
that
staff
have
already
incorporated
into
the
budget
that
includes
the
city's
pension
costs.
Some
ongoing
cost
increases
for
some
contractual
obligations
and
materials
and
supplies
overall,
when
you
put
it
all
together.
The
projected
deficit
is
about
7.9
million
next
fiscal
year.
D
Staff
are
working
very
hard
at
implementing
at
reviewing
and
implementing
a
variety
of
different
budget
balancing
strategies,
and
those
strategies
will
be
incorporated
into
the
city
manager's
post
budget.
That
is
scheduled
to
be
heard
at
the
first
council
study
session
on
the
budget
scheduled
for
neck
into
tuesdays
on
may
26th.
D
So
I
know
I've
covered
quite
a
number
of
slides
there,
but
I
wanted
to
just
sort
of
roll
up
the
major
takeaways
from
the
quarter
three
report.
First
for
the
general
fund,
the
general
fund
is
experiencing
reduced
economic
and
development
activity,
primarily
due
to
the
coronavirus
in
the
months
that
will
that
will
occur
from
now
on
and
related
to
the
shelter
in
place.
Our
revenue
reductions
will
be
experienced
this
year
and
next
year
and
likely
multiple
physical.
D
We
do
have
reduced
public
services
right
now
and
with
that
we
are
able
to
achieve
some
savings
from
staff
vacancies
and
other
identified
savings.
Those
have
been
incorporated
into
the
projection
as
well
and
before
you
this
evening
in
order
to
in
order
to
balance
the
budget.
This
current
fiscal
year
for
the
general
fund
staff
is
recommending
the
use
of
available
unappropriated
fund
balance
in
the
general
fund
in
order
to
do
that.
D
D
A
A
B
B
The
chair
had
a
couple
questions.
Please
keith
great
presentation.
I
know
those
are
those
are
tough
times
going
through
those
numbers
and
trying
to
make
sense
of
it
all
and
figure
out
the
best
plan
going
forward
a
couple
things:
how
is
it
possible?
The
property
taxes
really
aren't
increasing.
In
fact
there
is
they
were
lower
by
currently
twelve
thousand
dollars.
A
B
It's
the
revenues,
if
you
look
at
this
slide
back
several
slides
back
where
you
look
at
the
revenues
for
property
taxes,
and
you
indicated
we're
right
in
line
which
it
looks
like
we
are
kind
of
we're
right
in
line,
but
it's
twelve
thousand
dollars
less
and
I
know
I'm
paying
more
this
year
than
I
did
last
year.
So
just
curious:
how
about
it?
How
that
works
out.
D
Sorry,
yeah,
okay,
sorry
through
the
chair,
so
what
we're
experiencing
our
property
tax
revenue
is
very
similar
to
what
other
cities
are
experiencing
in
san
mateo
county.
We
do
work
with
the
consultant
to
assist
a
very
detailed
property
tax
revenue
projection
for
us
for
each
fiscal
year.
It
incorporates
assumptions
for
turnovers
of
property
and
the
reassessment
of
properties,
but
most
of
our
properties
in
san
bruno.
B
B
C
I
account
so
he's
tossing
that
one
to
me,
integer
so
javon
grogan
city
manager,
laura
you're,
asking
about
city
net,
and
why
is
the
revenue
now
down?
I
think
there
are
two
things
that
we
need
to
point
out.
We
implemented
a
new
rate
plan.
We've
had
a
number
of
people
transition
from
our
old
rate
structure
to
the
new
rate
structure.
C
C
As
that
happens,
our
our
revenue
decreases.
What
may
happen-
and
we
saw
stats
from
the
last
two
months-
is
that
we
lost
people
from
those
old
rate
plans,
but
people
signed
up
for
internet,
and
so
what
that
also
means
is
that
part
of
our
our
deficit
per
customer
went
down
because
we
lose
money
on
those
old
rate
plans.
However,
on
internet
and
on
our
new
rate
plans,
we
make
more
money
so
to
truly
understand.
C
C
C
Now,
that's
also
a
result
from
those
customers
on
those
classic
plans,
stopping
those
services
and
transitioning
to
other
plans,
because
for
every
customer
on
those
classic
plans
that
we
have,
we,
we
essentially
pay
more
for
those
plans
than
than
we
are
than
we
earn
on
those
plans,
and
so
that
that
that
decreases,
our
expenditures
and
the
high
level
summary
is.
We
were
not
able
to
make
up
all
of
that
ground,
essentially
that
entire
1.561
million
dollar
deficit
this
year.
C
But,
as
we
know,
city
net
services
or
historically,
the
cable
department
has
not
historically
been
balanced.
This
is
the
closest
that
they
are
coming
to
balance
in
the
the
last
five
years
and
we
still
have
some
work
to
go
to
get
them
balanced,
and
we
know
that
the
business
plan
for
the
enterprise
rests
on
the
fiber
to
the
home
project
that
we
are
still
having
no
way
to
fund
that
full
12
million
dollars.
F
B
B
F
Wow,
I'm
I'm
I'm
almost
speechless,
because
I
I
sense
that
this
window
of
opportunities
is
is
closing
on
us
to
to
to
turn
it
around,
because
we
don't
have
the
money
to
to
expand
the
services
of
those
segments
of
the
business
that
are
going
to
make
us
the
money.
And
I
understand
I
do,
and
I
totally
appreciate
everything
that
has
been
been
been
done
so
far.
F
That's
that's
what
I
remember
hearing
and
but
things
happen
understandable
understandably,
and
we
can't
wait
for
12
million
dollars
to
to
roll
out
all
the
way
across
the
city.
I
think
that
we
need
to
to
break
it
down
into
the
six
or
seven
different
phases
of
that
rollout
that
I
saw
that
I
think
everybody
saw
and
and
and
tackle
this
at
two
million
at
a
time.
Yet
again
we
don't
have
the
two
million.
F
So
so
I
I
don't
want
to
take
up
too
much
time
at
9.
45
right,
but
I
think
we
need
to
talk
about
city
net's
future
as
a
council,
because
month
after
month,
I
think
I
think
we're
we're
gonna
we're
just
falling
further
behind
we're
making
progress,
but
we're
still
running
the
negative
and
we
and
we
need
to
do
something
about
it.
We
need
to.
We
need
to
spend
money
to
make
money
or
what
we
were
told
by
the
consultant.
F
Is
you
go
to
fiber
or
you
get
out
of
business
and-
and
the
council
said:
okay,
let's
figure
out
how
we're
going
to
get
this
business
plan
together.
We
approve
that
okay,
let's
figure
out
how
we're
going
to
get
the
finance
plan
together
and
we're
still
waiting
and
and
understandably,
everybody's
really
really
busy,
but
we're
running
at
a
a
business
that
is
losing
money.
F
So
perhaps
we
could
you
know
staff
is
so
busy.
But
how
are
we
going
to
come
up
to
a
time
to
talk
about
this
in
more
detail
if
we
don't
hold
the
study
session,
but
we're
talking
about
budget
again?
So
I
I
we
got
so
many
things
going
on
in
the
capacity
and
everybody's
working
so
hard,
but
we
have
to
figure
something
out
here.
C
C
What's
also
true
is
that
we
have
to
grow
ourselves
out
of
this
problem
city
net
and
else
elsewhere.
We
do
not
have
the
12
million
dollars
to
invest
in
the
fiber
to
the
home
project,
and
we
talked
as
a
city
council
that
one
of
the
ways
that
we
were
going
to
strive
to
do
that
was
through
economic
development.
C
C
We
know
from
the
existing
multi-unit
projects
that
we
have
already
fiber
that
we,
that
is
the
path
forward
fiber
we
have
fibered
a
number
of
our
large
multi-unit
complexes
and
our
penetration
rate
and
our
revenue
rate
is
good,
and
so
economic
development
is
a
part
of
the
plan
and
approving
projects
that
will
provide
community
benefit.
That,
even
so,
we
can
phase
phase
it
in
a
two
million
dollar
increments,
and
so
mills
park
went
before
the
city
council
about
a
year
ago.
C
It
wasn't
approved,
it
will
come
back
before
the
city
council,
but
that
is
one
classic
example
of
how
we
can
acquire
the
funds
to
do.
I
know
what
this
council
wants
and
and
and
marty
what
you
want,
which
is
to
have
community
benefits
and
economic
development
that
will
help
to
revitalize
the
enterprise.
C
F
F
F
F
F
I
have
one
more
question
for
you:
city
manager
is.
This
is
the
first
time
that
the
council
has
been
being
asked
to
approve
a
deficit
in
our
cable
company
setting
that
services.
So
what
are
the
options
to
to
not
do
that,
and
why
is
it
so
prudent
now
where
it
never
happened,
it
was
never
needed
before.
C
C
C
F
I
I
still
think
that
we
need
to
figure
something
out
with
city
net
services
and
and
waiting
for
the
financing
plan
financial
plan
without
asking
the
san
bruno
community
foundation
for
an
investment,
I
think.
Well,
let
me
put
it
this
way.
I
think
that
the
council
should
ask
the
san
bernardino
community
foundation
for
for
an
investment
for
fiber
expansion
to
get
us
moving
quicker
to
to
where.
F
A
E
Thank
you
for
the
report.
I'm
not
often
speechless,
but
I
think
I'm
kind
of
a
gasp
at
where
we
are
right
now,
but
I
think
at
this
time
I
really
think
that
we
need
to
identify
city
net
services
as
a
I
would
say,
still
viable
as
a
with
potential,
and
it
just
seems
to
me
that
it
hasn't
necessarily
been
prioritized
until
recently,
as
really
the
only
item
and
everything
I've
seen
that
could
actually
generate
revenue
for
the
city.
E
So
I
I
think,
as
these
developments
come
forth
as
we
talk
about
fees
or
benefits
that
are
coming,
I
think
we
should
talk
about
allotting,
a
certain
amount
of
the
upfront
costs
to
go
to
city
net
immediately,
because
I
do
agree
that
we're
losing
customers
on
a
regular
basis.
It's
a
it's
a
regular
complaint
that
I'm
hearing
on
social
media
and
I
just
liked
a
plan.
I
think
we
could
just
have
a
whole
separate
discussion,
almost
brainstorming
the
possibilities,
but
how
city
manager
grogan,
how
many
employees
does
city
net
have.
E
A
E
20
200.
yeah,
I
mean
we
have.
We
have
employees
who
are
invested
in
the
organization
we
have,
I
believe
it's
over
40
of
the
san
bernardino
population
invested
in
the
in
this
community
organization.
As
I
see
it,
and
I
really
think
that
we
need
to
look
towards
a
future
for
it.
So
I
understand
what
we're
voting
on
tonight.
This
is
just
commentary,
but
I
do
really
want
to
see
it
succeed
and
I
want
to
see
us
invest
in
it,
because
I
think
we
could
get
a
return
on
the
investment.
A
G
To
the
chairs,
I
could
I
just
wanted
to
thank
javon
and
keith
for
that.
That
report
definitely
a
very
sobering
report,
not
a
lot
of
good
news,
but
I
appreciate
the
efforts
that
you
went
through
to
identify
the
the
fixes
that
are
going
to
get
us
through
the
end
of
the
year,
and
I
definitely
appreciate
the
projections
in
the
next
year
so
that
we
know
what
we're
walking
into
and
also
appreciate
the
the
candidness
and
the
openness
of
highlighting
the
issues
where
we
are
going
to
have
problems.
G
It's
just
it's
gone
away,
so
I
mean
it
is.
It
is
positive.
We're
definitely
seeing
some
improvements
in
the
new
business
plan
so
that
that
number
is
looking
more.
I
don't
know
promising
at
this
point
and
I
I
definitely
support
everything
that
staff
is
doing
on
this.
My
only
question
is
just
logistically:
what
does
it
mean
that
we're
that
we
have
this
operating
deficit
in
that
enterprise?
G
C
Yeah
good
question:
what
it
means
is
that
the
general
fund
subsidy
to
that
department
will
will
increase
and
so
that
loaned
balance
you
know,
fund
will
increase
and
in
prior
years,
council
really
didn't
see
that
until
after
the
year
closed,
we
think
it's
prudent
to
let
you
know
about
that.
The
other
thing
that
we
can
do.
I
know
councilmember
medina,
asked
for
a
study
session
on
cable
net.
C
We
are
happy
to
schedule
that
if
council
desires,
we
will
be
entering
our
2021
budget
discussions
and
we
have
a
all-day
budget
retreat
planned
for
the
27th,
where
the
cable
director
will
be
there
and
we
will
have
for
all
of
our
departments
but
including
that
department
detailed
conversations
looking
at
not
only
the
operating
but
the
capital
expenditures
within
each
department
that
that
is
a
time
where
we
can
have
a
deeper
dive
and
and
schedule
a
special
study
session
on
on
city
net.
It
is
an
important
part
of
our
enterprise.
G
And
I
remember
a
while
back:
it
was
proposed
that
we
basically
write
off
that
debt
that
that
that
enterprise
has
on,
and
you
know
that
that
claim
on
or
the
general
funds
claim
on
those
funds
and
with
anticipating
that
it
may
never
get
paid
off.
Is
there
any
benefit
to
us
just
essentially
writing
off
the
debt
and
just
erasing
it?
Does
that
make
our
financials
look
any
better,
and
is
there
any
benefit
to
doing
that?.
C
C
But
in
the
way
that
people
are
starting
to
consume
their
entertainment,
and
we
know
that
internet
has
a
a
higher
profit
margin,
because
some
of
the
re-transmission
fees
that
that
we
incur
we
have
to
negotiate
with
with
hbo
shield,
time,
cinemax
and
and
even
the
local
cable
providers,
and
so
that
oftentimes
puts
us
at
a
disadvantage,
even
though
we
sometimes
participate
with.
In
a
conglomerate.
A
Okay-
and
I
do
appreciate
marty's
question
because
you
know
in
past
this
didn't
come
forward
on
the
city
net
aspect.
I
do
agree,
and
I
do
appreciate
that
I
think
knowing
is
better
than
having
it
come
out
in
the
the
audit
or
a
kaffir
report
or
where
is
it
and
how
do
we
read
it?
So
we
need
to
be
upfront.
A
We
need
to
be
just
honest
and
candid
and
blunt
and
then
sounding
like
at
the
end
of
the
month
in
may,
that
we
can
have
some
of
those
discussions
about
as
we
look
at
the
budget
and
look
at
our
our
city
as
a
whole,
but
I
do
appreciate
it.
I
understand
you
give
a
powerpoint
finance
director
and
it
seems
like
okay,
you
know
thank
you.
We
do
listen,
obviously
yeah
you
know
and
the
candor
is
appreciated
in
getting
a
a
a
good
overview.
I
think
it
really
helps
us
and
the
community.
A
You
really
walk
through
that,
and
I
think
you
do
a
good
job
at
that.
So
appreciate
that.
But
what
we
are,
I
don't
know
if
any
of
my
other
colleagues
have
any
questions,
but
it
is
a
resolution
which
would
be
improving
the
third
quarter
budget
amendment
for
1920
and
the
operating
and
the
capital
budget,
which
also
includes
the
city
net,
as
a
manager
had
discussed.