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From YouTube: Finance Committee Meeting 6/20/22
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B
Thank
you
all
right
at
five
o'clock.
I
am
calling
to
order
the
june
20th
meeting
of
the
finance
committee.
If
we
could
get
a
roll
call,
please
counselor
she's
excused.
B
I
am
here,
are
there
changes
to
the
agenda
from
staff.
B
Motion
in
a
second
to
approve
the
agenda,
all
those
in
favor,
aye
aye
anybody
opposed
motion
passes.
We
are
on
to
approval
of
the
consent
agenda.
Are
there
items?
The
committee
would
like
to
hear
counselor
lindo.
Thank
you.
Chair.
B
Okay,
is
that
all
all
right,
councilman
er
council,
yeah,
councilwoman
lindell?
I
don't
usually
call.
D
Thank
you,
I'm
trying
to
find
it
doesn't
seem,
like
my
notes,
are
showing
up
here,
but
I
wanted
to
pull
the
item
on
the
police
car
purchase.
Can
anyone
tell
me
what
item
that
is
that
is
item
h?
Each.
D
And
also
the
item
on
security
was
that
the
one
you
call
a
counselor?
Thank
you.
B
No
way
no,
but
I
was
talking
about
counselor,
lundell,
pulled
t
h
and
s
or
h
s
t.
Okay,
do
we
have
a
motion
to
approve,
as
amended,
move
to
approve
as
amended?
Second,
all
those
in
paper.
I.
E
B
B
Anybody
opposed
motion
passes
all
right.
Approval
of
the
minutes
for
the
finance
committee
may
31st.
Are
there
changes
to
those
minutes
from
staff?
No
changes?
Madam
chair
changes
from
the
committee.
Is
there
a
motion
move
to
approve
a
second
there's?
A
motion
in
a
second
to
approve
the
finance
committee
minutes
from
may
31st,
all
those
in
favor
aye
aye.
B
Anybody
opposed
that
motion
passes
executive
session.
We
do
not
have
one
presentations,
we
have
two.
We
are
going
to
do
a
virtual
presentation.
We
have
with
us
tonight
dr
riley
s
white.
He
is
I'm
going
to
let
him
introduce
himself.
I
guess,
but
he
has
been
presenting
in
front
of
this
committee,
he's
an
economist
at
unm
and
he's
going
to
give
us
an
update
on
where
we
are
and
welcome.
Mr
white.
G
Thank
you
so
much
for
having
me.
I
am
so
sorry
that
I'm
doing
this
digitally
and
I
hope
you
all
can
see
this
okay.
I
will
share
my
screen
in
a
moment.
I
was
kept
in
albuquerque
longer
than
I
would
like,
and
so
consequently,
I'm
here
I'm
live.
Let
me
go
right
into
sort
of
a
quick
sort
of
overview.
G
B
I
guess
you're,
okay,
the
powers
that
be
tell
me
that
it's
going
to
be
fine.
B
G
Okay,
I'm
sorry
I'm
trying
to
kind
of
make
sure
I
hear
everybody
I
apologize.
Let
me
have
you
guys
up
to
a
hundred,
so
would
you
does
this
look
a
little
bit
better
so.
B
G
Oh
okay,
no
I'm
so
sorry.
Sometimes
it
works
the
opposite
way
where
the
upcoming
slides
look
better
depending
on,
and
I
have
a
kind
of
a
big
work
computer
here
that
I'm
kind
of
operating
on.
So
I
appreciate
your
patience.
So
thank
you
so
much
so
hello,
everyone,
my
name
is
riley
white.
G
I'm
the
a
tenured
associate
professor
of
finance
at
unm
anderson,
also,
the
assistant
dean
and
incoming
associate
dean
of
teaching
and
learning
at
the
universe
at
unm
anderson
in
this
capacity,
I'm
speaking
as
the
principal
of
erebor
llc,
where
I
focus
on
budget
forecasting,
modeling
and
looking
at
macroeconomic
risks
and
I've
published
if
you're
particularly
interested
in
falling
asleep,
a
great
number
of
peer-reviewed
publications
on
a
very
number
of
increasingly
boring
topics.
G
But
my
great
joy
and
great
passion
around
this
is
talking
with
you
today
a
little
bit
about
our
economic
outlook,
but
even
more
precisely
looking
at
the
question
of
you
know
as
we
enter
even
in
good
times,
we
we
need
to
think
about
recessions
from
a
planning
perspective
and
while
a
recession
is
certainly
not
inevitable,
it
is
something
for
us
to
consider.
What
would
that
look
like
for
santa
fe?
What
are
the
things
that
would
that
we
would
need
to
consider.
G
Oh
okay,
can
you
hear
me
all
right?
Everyone?
Yes,
okay,
all
right!
Thank
you!
So
national
economic
outlook,
the
us
job
market
right
now,
actually
remains
very
strong,
but
we
have
some
economic
doldrums
on
the
horizon.
G
Inflation
remains
at
41
year
highs
and
consumer
confidence,
which
is
often
built
around
questions
about
how
people
feel
with
regards
to
inflation,
is
in
decline
and
partially
in
response
to
sort
of
the
very
high
gas
prices
we've
seen
this
summer.
Increasing
interest
rates
are
likely
to
improve
inflation
numbers,
but
come
with
added
cause.
G
Okay,
let's
see
that's
better,
I
apologize
I'm
sorry,
it
looks
good
on
my
end.
I
know
we
have
a
strong
signal
here.
I'm
sorry
would
you
like
me
to.
I
I
G
Should
I
try
again
are
we
that
works
okay,
if
you're
good,
we're
good
you're,
just
gonna
go
with
it,
try
to
figure
out
an
easy
way
to.
I
know
this
is
such
a
pain
in
the
butt.
Sometimes,
so
I'm
very
appreciative
so
anyway,
where
inflation
is
remaining
your
41
year
highs
and
interest
rates
are
really
interesting
part
about
this
as
well,
and
something
that
we
should
consider
interest
rates.
We
heard
the
news
this
week.
G
The
federal
reserve
raised
short-term
rates
discount
rates
by
three-quarters
of
a
percentage
point
when
the
economy
does
really
really
well
the
federal
reserve
in
an
effort
to
control
inflation
will
raise
interest
rates
that
makes
it
more
expensive
for
a
bunch
of
projects
across
the
economy
and
the
federal
reserve
controls
just
one
interest
rate
and
that's
overnight,
lending
to
large
banks,
but
it
has
a
ripple
effect
and
a
lot
of
other
rates
that
control
where
we
think
the
economy
will
go,
and
so,
when
we
think
about
these
things,
this
is
a
measure
to
control
inflation,
but
it
also
makes
a
lot
of
stuff
more
expensive,
such
as
the
financing
that
goes
around
projects
and
project
planning.
G
G
Private
sector
employment
is
very
close
to
pre-pandemic
levels.
Public
sector
employment
has
shown
little
improvement,
though,
and
remains
about
three
percent
below
pre-pandemic
levels.
One
big
reason
for
this
is
it's
very
hard,
often
for
governments
to
compete
with
rising
wages
in
the
private
sector.
G
Higher
interest
rates
increase
the
financing
costs
for
companies
which
may
discourage
business
investment
and
expansion,
and
when
the
fed
raises
interest
rates
again,
they're
doing
so
to
put
a
lid
on
the
economy,
they're
trying
to
control
the
growth
to
help
clean
control
inflation,
but
it
does
mean,
as
they
do
this,
that
we
should
expect
slower
growth
going
forward.
G
We've
seen
since
1981
and
sort
of
our
consensus
estimate
is
that
we
know
we've
been
we've
been
undervaluing
this
through
time,
so
for
a
lot
of
different
reasons,
some
of
which
are
geopolitical
that
we'll
get
into
some
of
which
are
are
just
the
ability
of
looking
at
the
way
that
supply
chains
move
as
a
consensus
and
as
a
country
we've
also
underestimated.
Inflation.
G
Inflation
remains
high
and,
as
we
look
ahead
to
labor
market
issues
and
other
things,
we
anticipate
it
will
start
going
down,
but
it
will
remain
a
little
bit
high
through
summer
and
when
we
think
about
what
makes
inflation
inflation,
it's
primarily
a
mixture
of
different
commodity
prices
and
a
lot
of
pandemic
related
issues
around
supply
chains.
One
financial
professional
created
this
decomposed
analysis
of
inflation.
What
makes
inflation
inflation?
You
know
if
we
look
at
say
eight
and
a
half
or
eight
point:
six
percent
growth
in
cpi.
G
A
sizable
percentage
of
that
is
related
to
the
russian
invasion
of
the
ukraine
that
had
a
direct
link
to
commodity
prices,
which
makes
everything
more
expensive
and
a
sizable
comes.
A
sizeable
amount
comes
from
the
covid19
pandemic.
This
means
supply
chains,
reopenings
and
labor
shortages,
and
it's
amazing
that
these
component
parts
can
combine
together
in
such
a
way
to
produce
inflation.
G
So
other
things
to
look
at
right
now
is
that
we've
sort
of
seen.
So,
even
though
we
still
have
a
robust
amount
of
sales
happening
in
the
economy
right
now,
and
people
are
still
spending
money,
they're,
not
spending
money.
Equally,
retail
sales
posted
an
unexpected
decline
in
may,
as
many
consumers
began
to
reduce
spending,
particularly
among
things
like
motor
vehicles
and
electronics.
G
Meanwhile,
household
debt
has
started
rising
again.
This
includes
things
like
houses,
credit
cards,
auto
loans,
student
loans.
These
have
been
going
up,
and
so
the
pace
of
expenditure
is
slowing
and
it
will
have
to
slow
in
response
to
these
things
and
as
debt
becomes
more
expensive,
we
expect
the
slowing
to
accelerate
a
little
bit,
and
so
one
thing
that
decides
how
quickly
or
how
much
people
might
want
to
spend
in
an
economy
is
consumer
sentiment.
If
you're
more
confident,
you
tend
to
spend
more
money,
isn't
if
inflation
is
high
and
gasoline
prices
are
high.
G
This
reduces
confidence,
and
we
know
that
personal
consumption
growth
is
also
slowing.
Another
thing
that
will
relate
to
sort
of
the
slides
that
we
talk
about
next
is
real
estate
prices.
We
know
they've
gone
up
so
much
in
value
that
real
estate
prices
as
a
whole
have
become
have
made,
people
feel
who
own
houses
richer
and
when
people
feel
richer,
they
spend
more
money.
This
can
also
change,
for
instance,
going
forward
if
there
is,
if
real
estate
prices
slow
their
continued
expansion.
G
So
one
thing
here,
one
thing
we
noted
in
this
week
in
this
last
sort
of
the
last
week
we
had
here
and
you've
read
about
this
news-
is
that
housing
as
a
whole
has
become
much
more
expensive.
The
30-year
fixed
mortgage
rate
surged
to
about
6.28
this
week
this
week
compared
to
january
2021.
G
It
means
that
people
can
buy
about
one-third
less
house
than
they
could
a
year
and
a
half
ago,
and
this
will
inevitably
result
in
effects
to
real
estate
prices,
but
home
sales
have
continued,
rising
unabated
and
part
of
the
reason
for
this
is
that
inventories
have
remained
near
near
lows
when
inventories
homes
available
for
sale
are
low,
so
in
areas
where
people
want
to
live
in
places
like
santa
fe
we're
seeing
that
these
low
inventories
are
combining
to
produce
very,
very
high
price
growth,
that's
very,
very
extraordinary
and
one
other
effect
that's
worth
noting
is
that
this
declining
affordability
for
homes
has
also
put
pressure
on
the
rental
market,
which
also
has
seen
significant
increases
in
rents,
including
about
19
year
on
year,
growth
in
santa
fe.
G
So
the
question
is,
as
we
look
at
this
and
we
say
well
what
industries
benefit
from
rate
hikes,
initially
speaking
when
the
fed
raises
rates,
this
often
precedes
changes
to
the
economic
cycle,
and
we
expect
that
this
year
would
you
follow
the
stock
market
or
do
all
those
things?
We've
seen
a
lot
of
volatility
and
a
lot
of
downward
volatility,
and
that's
going
to
be
the
case
for
a
lot
of
this
year.
G
Areas
that
do
well
might
be
might
be
companies,
especially
financials,
usually
things
like
insurers,
they
often
hold
a
lot
of
safe
debt
to
back
outstanding
insurance
policies.
Holding
all
this
debt
that
pays
higher
interest
rates
will
reward
them
more
brokerages
and
banks
will
achieve
greater
interest
rate
margins,
consumer
staples.
If
people
get
nervous
about
the
economy,
they
keep
buying
stuff
that
matters
things
like
toothpaste,
toilet
paper,
things
that
people
always
need
consumer
discretionary
is
a
little
bit
more
variable.
G
It
depends
what
kind
of
consumer
discretionary,
but
overall
one
of
the
things
to
look
out
for
is
that
it
will
be
a
very
volatile
and
complex
year
in
markets
this
year
and
another
thing
that
the
fed
is
trying
to
do
when
we
think
about
this-
and
we
mentioned
this
in
a
previous
discussion-
questions
around
threading,
the
needle.
G
How
do
we
make
monetary
policy
in
such
a
way
that
we
can
help
lower
inflation
but
at
the
same
time
prevent
an
economic
recession
and
the
fed
is
going
to
continue
to
raise
rates
throughout
this
year,
and
the
rate
hikes
we
saw
last
week
were
not
going
to
be
the
last
one.
Raising
rates
too
quickly
often
increases
the
risk
of
bad
economic
outcomes
when
the
yield
curve,
which
is
sort
of
this
connection
of
all
that
government
debt.
G
Normally
it's
upward
sloping,
but
as
it
flattens
out
that
often
predicts
recessions,
and
it's
done
so
seven
of
the
last
seven
times
when
you
raise
rates
too
slowly.
This
allows
higher
inflation
to
persist,
and
so
the
fed
is
trying
to
judge
approximately
how
much
monetary
intervention
they
can
perform
without
adversely
affecting
the
economy,
and
that's
a
very,
very
hard
thing
to
do.
Monetary
policy
is
going
to
be
incredibly
important
this
year,
and
one
thing
I
want
to
also
consider
is:
let's
look
at
how
municipalities
fare
during
recessions.
G
So
if
we
look
at
recessions
as
a
whole,
not
saying
there
is
inevitably
going
to
be
one,
but
you
should
be
aware
that
the
risks
are
present
for
this,
so
often
municipalities,
for
instance,
like
in
the
last
recession.
G
They
don't
see
substantial
declines
in
revenues
until
the
year
or
two
after
the
recession
begins,
for
example,
during
the
great
recession
which
lasted
from
about
december
2007
in
june
of
2009,
we
didn't
see,
municipalities
start
reducing
the
amount
of
money
they
were
bringing
in
in
large
quantities
until
fiscal
year
2010.,
and
so
one
thing
is,
is
we
know
that
in
the
last
big
recession,
if
we
looked
at
112
cities,
the
revenue
effects
are
not
equal
and
the
same
would
be
expected
of
santa
fe.
G
We
can
expect
changes
in
revenues
across
the
board.
A
few
cities
weathered
the
recession
well,
most
of
them
lost
between
a
three
and
eight
percent
of
revenues.
During
this
time,
and
in
response,
local
governments
often
cut
funds
the
ways
they
cut
funds
varied,
but
in
whole
we
saw
cuts
to
education,
highways,
government,
administration,
police,
health,
housing
and
sewers
almost
in
that
order,
and
so
within
that
context,
then,
from
that
information
that
provides
some
context
in
what
to
expect.
So
what
do
you
think?
G
What
does
this
all
mean
when
we
tie
this
together
for
the
city
of
santa
fe?
First,
is
that
higher
interest
rates
will
slow
economic
recovery,
but
it
also
will
combat
inflation
when
we
have
continued
inflation
and
higher
gas
prices.
This
makes
boosting
consumer
spending
more
difficult,
particularly
even
though
we've
had
a
lot
of
inflation.
Wage
growth
has
tracked
behind
by
about
three
percent.
What
this
means:
inflation
boosts,
grt
revenues,
gross
receives
taxes,
but
lower
consumer
spending
or
sentiment
can
potentially
also
reduce
grt
reduced
calm.
G
Consumer
confidence
is
likely
to
affect
travel
volumes
not
so
much
this
year
and
what
we've
seen
in
fiscal
year,
23
and
24,
which
would
be
again
exacerbated,
should
a
recession
happen.
Roger's
taxes
then
are
vulnerable
to
changes
in
consumer
spending
and
again
how?
What
does
tourism
have
to
do
with
real
estate?
People
will
spend
more
money
if
they
feel
richer
and
once
those
house
prices
level
off
or
even
even
go,
perhaps
in
the
opposite
direction.
G
You'll
see
spending
adjustments
by
people
in
the
other
in
the
other
direction,
property
taxes
have
some
protection
to
short-term
economic
changes.
We
know
that
even
though
properties
have
values
have
increased
drastically
in
the
last
year
and
a
half
or
so,
these
have
not
corresponded
with
increases
in
property
taxes
because,
of
course,
of
the
statutes
in
new
mexico
state
law
that
limits
how
much
property
tax
can
increase.
G
So
adverse
economic
outcomes
increase
the
delinquency
rates
of
property
taxes
in
real
time,
but
property
taxes
take
a
little
bit
they're
a
little
bit
of
a
more
slow
burn.
While
an
economic
recession
is
possible,
it
is
not
by
any
means
certain
and
when
we
think
about
putting
all
of
these
things
together,
we
end
up
sort
of
with
a
scenario
where,
right
now
the
economy
is
doing
well.
G
But
it
may
not
always
be
this
case
and
as
we
look
forward,
pay
close
attention
to
monetary
policy
and
inflation
and
how
the
govern
how
the
economy
responds
to
the
incentives
that
will
happen
over
the
next
six
months,
and
now
I
open
it
up
to
any
questions.
Anybody
might
have.
B
Thank
you,
dr
white
questions
from
the
committee
councilwoman.
G
E
Might
help
I
just
had
a
question
about.
I
was
at
the
beginning
of
the
presentation
on
slide
five,
and
there
was
a
bullet
point
about
consensus.
Inflation
has
been
underestimated
by
both
economists
and
markets,
encouraging
the
federal
federal
reserve
to
take
more
drastic
action.
Can
you
say
more
about
what
that
means.
G
That's
right
so
initially
we
had
thought,
and
so,
if
we
go
back
in
time
a
year
and
a
half
ago,
let's
say
we
knew
that
with
the
injection
of
the
stimulus
money
that
the
economy
was
going
to
come
back
faster
than
in
previous
recessions
and
it's
an
unsort
of
refined.
G
We
don't
have
we're
trying
to
create
estimates
and
aggregate
as
a
field
as
to
how
much
the
economy
can
handle,
and
so
in
total
we
injected
about
five
trillion
dollars
of
stimulus
spending
which
resulted
in
the
fastest
economic
recovery
we've
seen
following
a
recession,
but
the
downside
is
is
on
the
other
side,
it
encouraged
consumers
to
spend
a
lot
of
money,
our
supply
chain
issues,
and
specifically,
if
we
go
back
to
sort
of
the
rapid
sort
of
economic
contraction
we
had
in
april
of
2020
during
the
early
portion
of
the
pandemic.
G
G
Companies
were
unprepared
for
this
demand
and
consequently
we
ended
up
with
a
lot
of
supply
chain
issues
and,
as
we
entered
the
situation
where
we
had
a
lot
of
money
flowing
in
and
the
economy
was
improving,
these
supply
chain
issues
became
very
complicated
and
they
resulted
in
one
part
in
sort
of
our
first
estimation,
of
where
inflation
comes
from.
Commodity
prices
rose
with
the
russian
invasion
of
the
ukraine,
and
this
added
yet
another
wrench
into
our
system.
G
So
the
the
fundamental
issue
was
that
we
underestimated
how
quickly
our
supply
chains
could
be
resolved
and
how
quickly
that
companies
could
meet
adverse
demand
issues
in
the
sort
of
increased
demand
issues
in
the
economy
and,
as
a
consequence,
we
had
more
inflation
than
we
expected.
So
we
expected
that
this
would
level
up
on
its
own
fairly
quickly.
The
fed
did
not
respond
immediately.
They
sort
of
waited
a
little
bit
to
see
what
the
numbers
would
look
like.
G
Once
inflation
became
a
true
problem,
they
started
raising
rates
in
earnest
and
what
you
saw
this
week,
or
in
the
last
week
was
the
biggest
rate
increase
that
we've
seen
in
a
generation
going
back
to
1919
early
1990s,
so
so
so
as
a
whole
and
as
a
field,
we
have
underestimated
the
recession,
but
I
underestimated
I'm
sorry
the
inflation
rate,
but,
as
a
consequence,
the
fed
is
now
very
attuned
to
it.
G
The
federal
reserve
historically
had
a
dual
mandate:
that's
to
keep
inflation
around
two
percent
and
to
keep
employment
maximized,
and,
although
there's
been
some,
you
know
they
were
off
that
mandate
a
little
bit
as
we
recovered.
There
is
an
intention
at
the
federal
reserve
to
get
inflation
under
control,
and
so,
consequently,
that's
why
they
raise
rates
and
they're
raising
rates
in
earnest
now,
and
so
inflation
is
being
taken
very
seriously
and
higher
rates
because
they
restrict
economic
activity
should
be
a
way
to
do
so.
E
Thank
you.
Thank
you,
dr
white,
for
that
explanation
and
I'm
actually
really
shocked
about
the
mortgage
interest
change
from
6.6.28,
and
I
think,
in
november
or
december
the
rates
were
down
to
what
2.2
or
something
like
that.
G
Yeah
30-year
mortgage
rates-
I
know
in
early
january
of
2021
bottomed
out
of
2.65
they've
since
risen
above
6.28,
and
so,
for
instance,
if
you
had
taken
out
a
a
300
000
mortgage
in
january
of
2021
you'd
pay
about
excluding
taxes
about
1200
a
month
to
have
that
same
payment
in
in
today's
terms
would
buy
you
only
about
a
200
000
mortgage
and
it's
hard
enough
to
find
real
estate
anyway,
at
those
prices.
But
nonetheless,
you
know
as
an
exercise.
G
It
shows
you
just
how
much
earnings
power
in
mortgages
that
we've
lost.
E
Right,
thank
you.
It's
kind
of
scary,
and
actually
I
was
curious
you
I
guess
I
wanted
your
opinion
about
a
recession.
I
did
talk
to
secretary
of
economic
development
last
week
and
she
was
pretty
certain
that
we
would
go
into
a
recession
in
new
mexico
and
I
was
curious
what
you
thought.
G
That's
always
it's
always:
it's
always
the
key
prognostication.
Will
there
be
a
recession
or
not?
I
think
if
I
was
if
I
was
offering
a
precise
bet
on
this,
I
think
a
recession
is
always
the
recession
is
always
inevitable,
but
when
and
looking
ahead
the
next
year
or
two,
if
the
yield
curve
continues
to
look
the
way
it
does
and
sort
of.
One
thing
that
I
can't
underestimate
is
how
correct
this
has
been.
G
Even
before
we
had
a
pandemic,
the
yolker
was
inverted
and
anticipated
a
recession,
and
the
yield
curve
is
often
right
for
all
the
wrong
reasons,
but
I
would
say
that,
given
that
the
yield
curve
is
already
partially
inverted
and
looking
at
some
projections
as
we
go
up
here,
we
should
expect
growth
in
response.
G
If
the
fed
maintains
its
rate
hike
plan
over
the
next
year,
this
will
raise
short-term
rates
significantly
and
it
will
help
inhibit
an
economic
activity,
and
I
think
it
is
probably
somewhere,
I
would
say,
50
50
odds
by
the
end
of
next
year.
G
Looking
at
a
recession
going
forward-
and
I
wish
it
was
more
precise
than
that-
but
these
are
much
higher
numbers
than
I
would
have
thought
even
a
year
ago-
we're
sort
of
going
through
the
economic
cycle
very
quickly,
and
so
that's
why
it's
with
some
gravitas
that
I
want
you
to
take.
You
know
sort
of
all
of
this.
You
know
in
consideration,
but
it
is
not
inevitable,
but
it
it's
increasingly
likely.
F
Other
questions
from
the
committee
councilor
garcia
did
you
have
any
questions.
B
B
B
Okay,
perfect
so
I'll
turn
it
over
to
you.
Thank
you.
J
J
The
as
by
way
of
background,
the
work
plan
that
we
developed
in
response
to
the
office
of
the
state
auditor
and
the
department
of
finance
administration
requests
consisted
of
27
items
that
have
been
labeled
deliverables
to
determine
whether
cla,
which
is
clipped
in
larson
island.
The
auditors.
That
disengage
will
re-engage
to
the.
J
J
J
What
we
submitted
back
was
actually
a
little
bit
more
than
was
requested.
We
basically
took
the
27
items,
enumerated
them
and
then
developed
responses
along
with
remaining
action
items
and
covered
areas
from
scope,
the
scope
of
work
for
each
contractor
to
a
actual
trial
balance
assessment,
which
will
be
necessary
regardless.
J
The
first
item
was
essentially
the
trial
balance,
which
was
a
big
issue.
The
consultants
have
have
continued
working
and
have
provided
144
adjusting
journal
entries
to
the
city.
The
adjusting
journal
entries
are
pending.
The
2020
close
2020
fiscal
year
has
not
been
closed
completely
yet,
and
the
trial
balance
assessment
for
the
account
reconciliations
has
been
completed.
G
J
Are
additional
iges
will
be
required
once
the
cash
reconciliations
are
completed,
which
I'll
cover
in
a
little
bit
and
then
migration
of
the
trial
balance
to
munis?
I
think
I've
mentioned
before
that
the
contractors
have
been
developing
the
trial
balance
off
munis
within
a
system
called
caseware,
which
is
what
redw
uses
as
their
system.
J
J
That
can
actually
be
provided
now
as
we
go
and
they
are
ready
to
go,
but
there
will
be
some
additional
aj's.
I
think.
J
Those
are
entries
that
we
developing
correct
to
correct
items
that
are
within
the
system
already
that
were
either
misposted
or
the
amounts
were
incorrect
and
what
we
do
is
we
develop
an
offline
adjusting
journal
entry
that
we
post
into
the
system
item
three
is
the
reconciliation
of
fund
balance
to
net
position
fund
balance
in
the
fund
accounting
world
is
essentially
a
capital
account.
J
J
70
subsidiary
set
of
books
sets
of
books
the
fund
balance
reconciliation
has
been
completed
up
to
this
point.
It's
only
pending
any
adjusting
journal
entries
that
may
need
to
be
made
to
correct
fund
balances.
J
L
J
J
J
J
J
The
implementation
in
19
and
we
are
working
towards
that
and
that
is
already
provided.
Of
course,
our
the
the
biggie
for
us
is
the
cash
reconciliation
section.
The
final
cash
reconciliations
as
of
june
17
2021,
the
4.6
million
unreconciled
difference.
J
That
I
express
a
corny
joke
between
why
the
banker
divorced
the
accountant
and
it's
because
they
had
unr
irreconcilable
differences,
we're
facing
the
same
issue
here
at
the
city.
I
know
very
corny
very
bad,
but
I
couldn't
help
it
we're
continuing
to
work
toward
that,
and
also,
I
think,
one
of
the
things
that
council
needs
to
understand
is
that
when
we
establish
what
are
called
pooled
accounts
so
that
cash
could
go
to.
J
G
J
J
J
J
We
recognize
the
bank.
Reconciliation
should
be
done
at
a
minimum
monthly
when
we
upgrade
and
start
utilizing
the
system
to
its
fullest
extent.
The
system
is
actually
built
so
that
we
can
reconcile.
J
Basis
if
we
want
it,
that's
our
goal.
It's
going
to
take
a
while
to
get
there,
but
we
have
got
to
get
to
that
point
where
we
reconcile
at
least
monthly
11
months.
We
recognize
as
unacceptable
how
there
really
is
no
good
explanation
for
that.
We've
just
got
to
figure
out
how
to
get
it
on
track,
a
memo
detailing
any
reasons
for
any
funds
or
orgs
that
ended
with
negative
pooled
cash.
If
any,
there
are
approximately
6
out
of
62
funds
and
orgs
that
have
negative
pool
cash
balances
and
those
are
being
investigated.
J
J
And
we
get
closer
and
closer
each
day,
any
confirmation
of
balances
on
behalf
of
bdd
and
swama
as
the
fiscal
agent
of
those
agencies
or
entities.
As
I
mentioned,
we
we
do
have
what
is
shown
on
the
city's
books
and
records.
Now
we
have
to
sit
down
with
swami
and
nbd
and
make
sure
that
we
reconcile
to
what
their
numbers
are.
J
J
This
will
change
the
what's
referred
to
as
the
major
fund
determination
for
federal
funds
because
of
the
private
money
that
came
in
it's
actually
taking
a
front
seat,
reconciliation,
reconciliation
of
expenditures
of
federal
awards
to
the
federal
revenue
and
deferred
inf
inflows.
J
There
is
a
reconciliation
in
progress
that
will
reconcile
revenue
so
generally
in
the
audit.
What
you
see
under
the
cfo
or
the
schedule
of
expenditures
of
federal
awards,
you
only
see
the
expenditure
side,
there's
an
audit
requirement
that
we
also
be
able
to
reconcile
that
back
to
the
revenues.
What
we
drew
from
the
feds
as
we're
going
along
and
that
is
essentially
nearly
completed.
J
This
comes
from
a
finding
in
the
audit
of
2020,
where
we
lost
some
money,
because
we
didn't
draw
the
money
quickly
enough
and
we're
in
the
process
of
examining
that
and
making
sure
that
we
did
draw
that
some
procedures
were
put
in
place
to
make
sure
that
that
money
is
drawn
and
we'll
review
that
and
provide
a
synopsis
of
that
to
the
osa
and
dfa
reconciliation
of
grants,
receivable
by
bond
and
org.
It's
essentially
a
redundant
question
related
to
the
previous
two
questions
and
we
are
working
towards
that
completion
of
major
program
grant
workbooks.
J
This
has
to
do
with
determining
the
federal
grants
and
the
the
major
federal
branch
and
that
actually
it's
interesting
that
it's
coming
up
at
this
point
on
this
list,
because
that
actually
is
a
determination
that
the
auditors
make
a
lot
of
us.
Do
it
in
house
knowing
what
the
process
is,
but
ultimately
that's
a
determination
that
the
auditors
have
to
make
and
when
they
determine
the
the
major
programs
they
decide
which
of
those
well,
they
have
to
audit
the
major
programs
and
then
they
decide
which
minor
programs
are
going
to
audit
the
old
days.
J
J
Capital
assets,
final
capital
assets
as
the
close,
as
disclosed
in
the
financial
statements
reconciled
to
the
rebel
event
trial,
balance
accounts.
This
reconciliation
has
been
completed
for
some
time
in
the
footnotes.
Disclosures
for
the
financial
statements
are
complete
in
light
of
the
fact
that
the
auditors
withdrew
we're
going
to
do
a
final
review
of
that
and
make
any
adjustments
as
necessary,
but
we
think
it's
pretty
well
complete
item
17
the
final
detail,
listing
of
construction
and
progress.
What
we
refer
to
as
cip
by
fund
that
has
been
complete
and
we'll
do
a
final
review.
J
J
This
usually
is
a
problem
for
most
governmental
entities
in
new
mexico
because
of
the
constitutional
prohibition
of
writing
off
accounts,
essentially
because
it's
against
the
anti-donation
clause,
there's
not
a
whole
lot,
you
can
do
with
uncollectible
accounts
other
than
deactivating
them.
So
we'll
look
at
those
and
have
good
numbers
for
those,
but
that's
done
from
my
perspective.
G
J
J
J
J
J
So
it'll
be
significant
item
23
memo
to
discuss
the
review
process
of
the
invoice
entry
in
munis
that's
been
completed
and
the
process
has
been
noted
in
memo
form
and
that
can
be
provided
upon
demand
item
24,
detail,
listing
of
expenditures
incurred
and
requested
from
reimbursement
through
the
coronalized
relief
fund.
This
is
a
bit
redundant,
but
it
has
to
do
specifically
with
the
corona
relief
virus
fund
and
we're
ready
to
present
that
item
25.
J
If
there
were
sub
programs
listing
the
city
contracts
listening
of
city
contracts
in
charge
of
each
con,
he
has
contacts
in
charge
of
each
of
those
programs
funded
using
coronavirus,
relief
funds
and
memo
on
controls
for
each
sub
program.
This
is
a
sub.
What
we
refer
to
as
sub
recipient
requirements.
J
These
were
additional
requests
cla,
essentially
for
26
and
27
wanted
us
to
acknowledge
that
the
audit
essentially
starts
over,
so
any
work
that
they
did
and
that
we
were
billed
for
and
paid
for
doesn't
count
towards.
If
they
decide
to
re-engage
it'll
be
a
separate
contract
starts
over.
We
can't
rely
on
any
of
that
work
that
was
previously
done
by
cla
or
even
on
our
side
or
the
contractor's
side.
J
B
Wasn't
too
bad,
you
got
through
it.
We're
still
awake
questions
from
the
committee.
D
Counselor
lindelt.
Thank
you
chair.
Thank
you
very
much
just
you
were
just
talking
about
it.
This
item
26
the
acknowledgements
item
26
and
27-
is
that
typical.
J
Madam
chair
and
council
members,
it's
not
typical
for
me.
I've
never,
but
a
withdrawal
of
a
of.
G
J
G
J
Atypical
and
I've
never
experienced
this
before
so
this
is
a
whole
new
ball
game.
I
think,
though,
in
principle
we
weren't
ready
and
they
came
in.
They
tried
to
do
work
or
we're
doing
trying
to
do
work
remotely
the
the
things
that
we
provided,
we're
not
up
to
snuff.
So
what
they're
saying
is
the
fact.
J
F
B
J
Madam
chair
council
members,
yes
so,
and
it's
actually
good
form
because
you're
then
taking
you're
taking
ending
trial,
balance
numbers
and
you're
putting
them
in
a
separate
system
that
you
can
then
compare
to
the
immune
system.
So
you
you
do
something
within
the
I'm
calling
case
where
the
control
system,
okay,
and
if
it
doesn't
crash
on
you,
then
you
know
it's
good
to
move
them
over.
J
If
you
were
to
to
make
your
adjustments
immediately
within
the
immune
system
and
because
errors
can
occur
even
when
we're
doing
the
adjusting
journal
entries
so
they're
already
posted
there
in
the
system,
there
has
to
be
a
formal
process
to
take
them
out
and
then
repost
them.
So,
whereas
you
can
essentially
erase
them
off
the
control
system
and
and
redo
them
without
having
affected
the
live
system.
B
Okay-
and
I,
this
may
be
an
unfair
question
so
of
this
list
percentage-wise.
B
Where
are
you
in
terms?
I
mean
some
of
these
things
as
you've
noted
don't
come
till
later?
Where
are
you
in
terms
of
being
audit
ready?
Do
you
think.
J
J
J
J
G
J
Pre-Audit
field,
work,
audit
analysis
and
whatnot
and
then
final
work,
and
then
you
produce
an
audit.
All
of
those
can
reopen
at
any
time
except
the
pre-audit
work.
But
all
of
those
can
you
you
many
times
you
have
to
go
back
and
re-audit
certain
things,
because
some
items
changed
so
so
it's
really
hard
to
nail
down
those
percentages.
G
J
Understood
the
process,
but
in
all
frankness
I
would
never
have
agreed
to
putting
out
percentages
here
and
there,
because
you
may
think
that
you're
100
complete
and
then
you
receive
something
in
a
different
area
that
is
inextricably
tied
to
the
area
that
you
thought
was
complete.
You
reopen
up
that
area
and
things
start
over
and
you're
down
to
50.
J
Madam
chair
council
members,
yes.
B
J
That
the
madam
chair,
council
members,
that's
generally
generally
done
in
under
ordinary
circumstances.
It's
done
in
the
pre-audit
work.
It's
you
know
send
me
to
send
me
that
and-
and
you
know,
download
these
things
and
they
do
some
preliminary
testing
to
see
if
you're
actually
ready
to
to
move
forward.
Generally,
you
are,
or
you
wouldn't
have
them
come
in
and
then
they
proceed
from
there
into
their
actual
field.
Work.
H
Thank
you,
madam
chair.
I
just
got
a
quick
question.
Mr
bahrano
attachment
c
goes
over
the
scope
of
the
current
contractors
and
I
don't
see
pinyon
ventures
on
there,
which,
from
my
understanding,
was
a
six
months
contract
that
we
approved
in
january.
So
I
don't
think
we
would
have
concluded
that
contract
yet
so.
J
Madam
chair
council
members,
that
is
a
little
bit
different
because
there
were,
I
think
there
was
audit
supposed
to
biotic
coordination
work,
and
then
there
was
also
some
analysis
of
some
sort
that
was
being
done
in
more
in
line
with
internal
control
work.
I
can't
give
you
an
information
on
that.
We're
currently
pinyon's
not
involved.
Now
in
this
phase.
J
H
J
G
H
I
just
honestly
don't
know
sure.
Thank
you,
mr
bahadur.
No
other
questions,
madam
chair.
Thank
you.
Okay,.
B
So
I
think
that's
kind
of:
can
you
give
us
a
quick
overview
on
where
we
are
with
hiring
and
whether
we've
heard
anything
from
the
state
auditor
or
from
the
department
of
finance
and
administration?
I
think
we're
kind
of
hanging
out
here
waiting
for.
J
G
J
I
am
the
bottleneck,
I'm
refining
the
job
descriptions
and
whatnot,
but
now
that
the
other
two
major
positions
are
out
of
the
way
we
will
be
working
towards
those
within
this
week
and
hopefully
advertise
them
the
week,
following
with
regard
to
update
on
our
what
we
heard
from
the
office
of
the
state,
auditor
and
department
of
finance
and
administration,
we
did
meet
with
them,
as
I
had
reported
to
this
committee
before,
and
then
we
provided
this
information
to
them,
mainly
the
information
that
we
provided
in
the
zip
file
to
all
our
members.
J
We
what
we
received
back
is
a
week
ago
thursday,
we
received
a
call
from
dfa
from
colonel
donnie,
quintana
saying
that
they
had
reviewed
the
information
they
still
fell
felt
like
we
had
missed
the
mark
on
some
items,
and
they
would
be
if
I
requested
to
know
what
those
items
were.
So
we
could
get
them
to
them
right
away
and
I
believe
they
formed
a
work
group
between
the
office
of
the
state
auditor
and
the
department
of
finance
and
administration
to
develop
a
more
precise
request
and
we're
still.
B
B
B
Request
for
approval
of
fy,
2022,
supplemental
police,
vehicle
purchase
and
budget
amendment
resolution
in
the
total
amount
of
two
million
sixty
one
thousand
five
hundred
thirty
four
dollars
and
sixty
six
cents
for
the
vehicles,
equipment
and
labor
costs
associated
with
each
vehicle,
and
we
have
our
chief
here
on
that
item
and
counselor
lindell.
I
think
you
pulled
this
yeah.
M
Madam
chair
council
window,
we
did
correct.
This
is
a
supplemental
purchase.
This
is
going
to
be
for
10,
interceptor,
hybrids,
six
four
f-150
responders
four
f-250s
and
eight
motorcycles.
These
were
not
included
in
the
original
purchase
in
the
other
purchase.
M
All
right,
I'm
sure,
council
window,
this
was
identi.
This
was
added
after
additional
funding
was
identified.
D
M
You
were
advised
that
by
finance
okay,
so.
D
So
did
we
have
the
okay,
so
we
got
extra
funding
so
prior
to
that
extra
funding,
did
we
have?
Are
these
vehicles
absolutely
necessary
to
be
replaced?
So
the
point
being
that
this
is
additional
funding,
that's
been
identified.
What
if
we
hadn't
identified
this
additional
funding?
Could
these
cars
go
another
year.
M
Out
of
chair
council,
so
these
vehicles
are
because
we're
talking
about
are
near
end
of
life,
so
we
are
as
an
example
the
bmws
that
we're
working
with.
We
doubt
we're
gone
to
currently
four
bmws
and
one
kawasaki.
That's
a
kawasaki
2013.
we're
trying
to
re
use
this
to
rebuild
their
motors
fleet.
J
G
M
D
Well,
I
guess
it
still
comes
down
to
for
me.
I'm
sure
we're
gonna
pass
this,
but
it's
a
lot
of
money
and.
D
If
we
hadn't
had
the
extra
financing
you
know,
the
question
is
always:
could
these
vehicles
have
gone
one
more
year?
Could
we
have
gotten
one
more
year
out
of
them
and
put
this
money
somewhere
else
and
we
just
spent?
How
much
was
the
previous
purchase
on
police
cars?
Do
you
know.
N
B
N
Madam
chair
councillor,
lindell
that's
coming
from
the
same
source
as
the
original
purchase,
which
was
a
combination
of
police,
vacancy
savings
and
additional
grt
that
was
earned
in
fy
22.
Over
and
above
our
budgeted
estimates
at
the
time.
M
M
M
Manager
accounts
for
windows,
42
vehicles
that
were
in
our
purchase.
Remember
here,
we
have
93
that
are
currently
in
need
of
replacement,
total.
M
I
need
a
list
of
the
total
vehicles
for
you.
I
don't
have
that
currently
in
front
of
me
here.
D
Okay,
it
just
seems
like
maybe
this
these
purchases-
I
don't
know,
I'm
not
a
transportation
expert,
but
somebody
is,
I
don't
know
how
many
vehicles
are
in
our
fleet,
but
it
seems
like
replacing
70
of
them
in
one
year
is
a
lot,
and
maybe
we
need
to
try
to
get
this
staggered
a
little.
I
can't
imagine
us
buying
70
new
vehicles
every
year,
and
so
then
these
are
all
going
to
wear
out
at
the
same
time,
which
is
presents
its
own
problem
for
the
future.
D
H
D
D
E
Thank
you,
councillor,
councilwoman
villarreal.
Thank
you,
madam
chair.
My
question
is
on
the
bar,
so
maybe
finance
can
clarify.
So
it
does
say
a
percentage
was
salary
savings
and
then
the
other
piece
it
said,
gross
receipts
tax.
So
there's
two
items.
It
says
general
fund
municipal
grt,
and
this
is
general
fund
state,
shared
grt.
N
Madam
chair
councillor,
villarreal
in
the
general
fund,
we
have
two
major
sources
of
municipal
grocery
speech
tax.
There's
the
locally
imposed
gross
receipts
tax
that
the
council
has
the
ability
to
set
for
various
purposes
and
then
by
state
statute.
There
is
a
portion
of
the
state's
portion
of
general
of
gross
receipts
tax
that
is
earned
within
the
city
that
the
city
provides
to
to
us.
So
those
two
sources
make
up
the
general
fund
grt.
E
So
I
guess
I
guess
what
perplexes
me
is
during
budget
hearings,
there
were
certain
items
that
we
were
trying
to
find.
I
mean
there
were
even
small
amounts
and
we
kept
being
told.
E
Well,
it's
a
balanced
budget,
there's
no
other
funding,
there's
no,
no
other
revenue
and
then
all
of
a
sudden
there's
this
amount
of
money
that
just
happens
to
be
there
and
it's
frustrating,
because
we
go
through
this
laborious
process
for
budget
and
have
to
like
penny
pinch
here
and
there
and
get
questioned
for
seventy
thousand
dollars
for
this
other
item
and
then
all
of
a
sudden
there's
a
million
dollars
and-
and
then
this
kind
of
leads
to
an
item
that
we're
pulling
from
the
agenda
about
down
payment
assistance
and
expanding
it
beyond
just
law
enforcement
or,
and
so
we
were
trying
to
think
of
what
other
sources
are
there
to
be
able
to
fund
more
employees
for
down
payment
assistance,
and
we
are
told
there
wasn't
any.
E
So
this
is
hard.
Do
you
understand
why
this
is
hard
unless
there's
something
I'm
missing?
It's
hard
to
hear
this,
which
you
know
it's
for
a
cause
that
we
know
that's
important.
I
agree
with
councilor
lindell.
It
gets
a
little
complex
when
you're
asking
for
70
vehicles
all
in
one
year,
but
I
guess
I'm
just
thinking
of
the
money
part-
and
I
don't
know
if
anyone
has
anything
to
say
about
that.
N
Madam
chair
counselor,
via
real
several
points
on
the
fy
23
balancing.
That's
that's
really
a
different
pot
of
money
than
we're
talking
about
here,
because
what
we're
talking
about
here
is
money.
That's
we've
received
that
money's
in
the
bank,
that's
over
and
above
what
we
expected
to
receive
for
fy
22..
N
N
Also
that
the
fy
22
budget,
just
like
the
fy
23
budget,
is
set
based
on
the
numbers
that
we
have
at
the
time
for
fy
23.
We
don't
necessarily
know
whether
you
know
our
how
good
our
crystal
ball
was
in
terms
of
allocating
it.
What
we
do
know
is
that
our
best
estimates
of
what
revenues
will
be
available
in
fy
23
are.
M
N
Allocated
within
the
general
fund
for
things
like
that,
the
eight
percent
raise
and
the
down
payment
assistance
program
and
a
whole
myriad
of
other
things.
So
it's
a
question
of
you
know
what
knowledge
we
have
at
the
time
right
now,
with
this
bar,
we
have
a
little
bit
better
knowledge
of
additional
grt
that
is
available
for
fy
22.
E
I
understand
that
I
understand
at
the
moment
you
have
to
decide
what
is
available
based
on
what's
coming
in
and
then
there's
this
new
funding.
I
guess
what's
hard
is
like
how
do
we
then
decide
and
who
gets
to
decide
that
this
amount
will
then
go
towards
vehicles
versus
other
things
that
were
kind
of
still?
We
were
still
trying
to
grapple
with
during
budget
hearings.
E
N
N
We
really.
This
is
the
sort
of
time
when
we
really
need
to
be
thinking
about
adding
to
reserves,
because,
as
dr
white
was
saying
earlier,
we
have
a
real
possibility
of
of
entering
into
recession.
So
we
want
to
try
to
be
very
judicious
with
this.
This
was
a
decision
that
was
made
for
the
police
cars,
mainly
because
it's
it's
kind
of
it's
kind
of
a
you
know.
You
have
to
spend
money
to
save
money,
type
of
thing,
the
example
I
always
use
and
not
to
delay.
N
I
don't
want
to
lead
you
on
too
long
of
a
story
here,
but
when
I
worked
years
decades
ago
in
the
city
of
wichita,
we
had
a
department
that
I
oversaw
the
health
department
that
was
actually
driving
around
in
1972
amc,
hornets
and
amc
pacers
from
the
mid
70s,
and
these
cars
actually
cost
more
than
a
vintage
bentley
or
a
vintage
porsche
to
maintain.
It
was
ridiculous.
We
were
actually
spending
way
way
more
than
the
cost
of
replacing
this
car
in
a
year
and
a
half
or
two
years.
G
N
N
N
I'm
not
saying
that
you
know
we
have
to
replace
them
all
right
now
or
our
fuel
for
our
budget
was
just
going
to
explode,
but
it
it
is
something
to
keep
in
mind
and
also
given
the
fact
that
I
believe
a
lot
of
these
are
hybrids,
so
there
will
be
a
significant
fuel
savings
with
these
purchases
as
well
and
part
of
what
was
driving.
This
also
was
that
you
know
a
lot
of
the
police.
N
Vehicles
were
in
really
really
tough
shape
and
we
just
were
not
able
to
replace
them
at
the
level
we
needed
to
when
we
were
in
the
covid
situation.
So
we're
kind
of
dealing
with
a
deferred
backlog,
and
that's
why
you
see
such
a
huge
amount
this
year
that
you
would
not
normally
see,
and
we
would
hope
not
to
bring
to.
E
E
Thank
you
andy
that
you
know.
I
agree
with
that.
What
your
philosophy
is,
I
guess
I'm
just
thinking
of
other
things
and
the
reserve,
thank
you
for
bringing
that
up,
because
that
was
a
concern
of
mine
during
budget
hearings,
making
sure
that
we
had
enough
in
the
reserve.
So
all
these
factors
and
just
looking
at
our
deputy
city
manager,
these
are
things
I'm
always
wanting
to
understand.
E
M
B
Just
curious
and
how
many?
If,
if
we
hadn't
had
a
pandemic
and
if
our?
If
our
revenues
hadn't
gone
off
the
cliff,
how
many
would
we
have
replaced.
M
Sure
that
every
year
it's
about
32.
B
So
and
again
I
think
to
andy's
point:
basically
we're
catching
up,
because
we
didn't
have
the
money
to
buy
the
vehicles
we
should
have
been
buying,
as
they
were
getting
too
old
really
to
to
be
of
service.
I'm.
B
And
when
we
budget-
and
maybe
now
I'm
going
to
hop
over
to
ms
lotero
when
we
budget
when
we
go
through
budget
hearings,
we're
looking
at
one
budget
year,
so
we're
predict
predicting
how
much
money
we're
going
to
have
and
we
are
looking
to
build
what
we
want
to
spend
money
on
in
that
particular
year
and
that's
what
we
pass
at
the
end
of
our
budget
hearings.
B
B
And
the
reason
again
we're
able
to
do
this
is
because
back
to
andy's
point
our
crystal
ball
wasn't
perfect.
We
are
seeing
revenues
above
what
we
had
predicted,
and
so
now
we
have
the
ability
to
spend
that
money
and
in
this
instance,
we're
spending
it
to
help
catch
us
up
from
some
pandemic
spending.
We
should
have
been
spending
on
and
didn't,
and
now
we
have
the
resources
to
do
it.
O
O
B
O
Budget
adjustments
and
that's
the
beauty
of
of
municipal
government
right
if
the
state
you're
locked
in
you
have
a
legislative
session
once
a
year.
You
really
only
have
the
opportunity
to
make
changes
at
that
time.
In
city
government
we
have
regular
meetings
where
we
are
able
to
come
to
you
and
say
we
have
substantial
access
to
your
teeth.
We'd
like
to
on
these
projects
and
andy's,
going
to
come
up
and
answer
your
question
right
now,.
B
N
Okay,
in
terms
of
additional
grt,
that
was
used
sorry
about
madam
chair
members
of
the
committee
in
the
first
round,
which
was
kind
of
had
its
inception
in
late
2021.
I
believe
we
took
the
bar
forward
in
january.
N
We
spent
five
about
5.1
million
dollars
in
additional
grt
in
this.
In
the
second
round,
we
spent
approximately
9.7
million
in
grt.
N
B
Okay
and
so
six,
basically
16.8
million
in
revenues
that
we
didn't
anticipate
last
year
when
we
adopted
the
fy
22
budget,
and
so
now
we're
realized.
We
have
that
money
and
so
now
we're
able
to
figure
out
how
to
spend
it
and
that's
what
we're
doing
with
these
budget
adjustment
requests
as
we
move
through
the
year.
G
E
On
that
yep
we
were
told
the
budget
adjustments
would
take
place
every
six
like
the
midpoint,
which
was
six
months,
so
we
did
one
in
december
and
then
it
kind
of
rolled
into
january
of
this
year,
and
so
I
didn't
realize,
like
each
month
we're
going
to
have
a
potential
budget
adjustment.
No
okay.
So.
E
That's
why
I'm
saying
this
is
different.
The
other
one
was
like
a
six-month
time
period
that
you
all
presented
to
us
all
at
once
for
the
most
part,
with
kind
of
two
two
different
time
periods.
It
was
december
and
january
that
made
sense
because
it
was
the
midpoint,
but
I
guess
the
reason
why
I'm
asking
about
this,
because
it
isn't
a
midpoint.
It's
like
we
we're
in
it.
If
we're
like
what
a
few
months
after
we
just
finished
budget
hearing
so.
B
I
hear
you,
but
we
were
also
talking
about
excess
funding
right,
but
we're
about
to
close
fy22,
and
so
we
have
the
opportunity,
before
the
end
of
the
fiscal
year,
to
spend
money
that
we
hadn't
recognized,
and
I
think
one
of
the
things
we
may
under
appreciate-
and
somebody
who
drove
this
home
for
me-
is
our
former
director
mary
mccoy,
who
helped
me
to
understand
how
much
work
the
finance
committee
or
the
finance
staff
does
to
bring
forward
budget
adjustment
request.
These
are
not
small
tasks,
and
so
they
aren't
done
every
month.
B
They
are
done
when
there
is
enough
money
and
enough
priorities
to
make
it
worth
coming
forward,
and
so
I
think
again,
we've
been
in
an
exceptional
year
where
our
revenues
have
far
exceeded
what
we
thought
they
would
be,
and
we
weren't
sure-
and
we
have
the
opportunity
to
do
some
catch-up
spending
and
so
there.
So
this
is,
I
think
you
know
I.
I
didn't
expect
that
we'd
have
any
more
budget
adjustments
before
the
end
of
the
fiscal
year.
B
Clearly,
you
know
it's,
we
have
revenues
that
make
it
worthwhile
and
we
have
needs
clearly
with
the
fact
that
we
couldn't
keep
up
with
the
replacement
of
our
vehicles
and
therefore
we're
trying
to
take
advantage
of.
What
really
is
a
good
thing,
that
our
revenues
have
exceeded
our
expectations
and
we're
able
to
do
some
catch-up
spending.
B
B
B
We
can't
spend
more
money
than
we
think
we're
going
to
have
because
we're
obligated
to
have
a
balanced
budget,
so
I
think
we'll
be
coming.
You
know
if
if
the
economy
continues
to
be
good,
if
our
revenues
continue
to
come
in,
there'll
be
more
opportunities
for
budget
adjustment
requests,
and
I
think,
in
terms
of
who
who
makes
these
decisions,
you
have
again
an
executive
through
the
finance
department
staff
who
has
brought
this
forward
as
an
idea.
B
If
you
don't
like
this
vote
it
down
and
spend
it
on
something
else,
but
I
think
that
the
thing
about
who
makes
these
decisions
we
make
these
decisions
when
they're,
when
the
recommendation
is
brought
to
us
and
there's
a
memo
in
the
packet
that
outlines
why
they
think
that
this
is
a
justified
expenditure.
So
it's
we
make
the
decision
if
you,
if
we
don't
want
to
do
this,
we
don't
have
to
do
this.
B
I
don't
know
why
we
wouldn't
do
it,
but
but
I
do
think
it's
really
important
to
understand
fy22
versus
fy23
and
how
we
deal
with
new
revenue,
the
revenue
that
comes
in
above
our
expectations
and
how
we
allocate
that
to
meet
the
needs
of
the
city.
B
H
You,
madam
chair,
just
quick
question
andy,
given
that
we
have
the
excess
of
two
million
dollars
that
we
weren't
expecting
that
is
being
proposed
to
use
here.
What,
in
addition
to
two
million
dollars,
is
there
I
mean
it'd,
be
good
to
know
that
what
this
pool
of
access
is
just
that
way
as
councilwoman
bia
real
was
mentioning.
H
If
there
are
other
projects
where
we
can
say
well,
we
didn't
we're
unable
to
fund
it.
During
budget
hearings,
there's
an
extra
eighty
thousand
dollars
extra
four
million
dollar.
I
think
it
would
be
good
for
the
governing
body
to
at
least
have
that
knowledge
of
what
is
the
pull
of
excess?
What
does
it
sit
at?
What
is
it
being
proposed
to
be
used,
and-
and
I
don't
know
if
you
have
that
answer
now,
but
I
think
that's
something
that
should
be
shared
across
all
governing
body
members.
N
Madam
chair
counselor
garcia,
as
of
right
now,
the
access
from
the
last
time
we
we
analyzed,
was
4.2
million,
but
we
we
don't
we're
really
hesitant.
We
do
not
recommend
going
in
and
just
saying.
N
Spend
4.2
million.
We
still
have
two
months
of
grt
left
to
go
in
the
year
because
of
the
two-month
delay
in
receiving
it.
There
is
still
time
for
everything
to
go
to
hell
and
our
grt
revenues
to
plummet,
so
we
really
do
not
recommend,
except
in
special
cases
like
this
I
mean
this
is
really
a
special
case
of
you
know.
N
We
recommend
a
policy
of
trying
to
build
up
our
reserves
now
with
additional
grt
that
we
still
have
left
in
reserve
and
hoping
you
know,
keeping
our
fingers
crossed
that
these
last
two
months
will
be
coming
in
along
the
level
that
we've
seen
and
we
don't
have
a
major
downturn.
N
I
mean
even
the
even
this
2
million
it
was.
You
know,
you
know
they
kind
of
dragged
me
kicking
and
screaming
into
it,
realizing
that,
yes,
it
was
something
that
we
needed,
but
you
know
I'm
a
budget
guy.
You
know
that
my
priority
is,
you
know
now's
the
time
when
we
should
really
be.
N
You
know
trying
to
you
know,
meet
council
priorities
as
best
we
can
within
the
resources
we
have,
while
still
you
know,
limiting
ourselves
to
maintaining
a
good
reserve
policy
and
making
sure
that
you
know
we
have
those
what
former
director
mccoy
used
to
call
rainy
day
funds,
because
you
know
the
one
thing
we
know
about
the
economy
is
that
it.
N
Notwithstanding
the
weather,
it
may
not
be
raining
now,
but
it
will
be
raining
soon
enough.
So
I
would,
I
would
really
hesitate
to
say:
hey,
let's
go
hog
wild
with
another
4.2
million,
because
we
just
don't
know
what
tomorrow
will
bring.
H
N
Chair
councillor
garcia,
yes,
we
might.
We
are
currently
in
budget
with
that.
We
are
under
staff,
I'm
actually
I
have
our
our
tent
person,
maria
griego,
doing
a
comprehensive
analysis
of
our
year-end
position.
I
am.
I
am
hoping
that
there
will
not
be
a
lot
of
places
where
we
have
to
use
a
little
bit
of
this
funding
to
plug
some
holes,
but
we
are
still
analyzing
that
I
will
be
bringing
if
there
are
any
bars
like
that.
N
N
There
are
a
lot
of
places
where
we
are
seeing
shortfalls,
particularly
in
the
areas
of
fuel
and
utilities,
because,
as
you
know,
and
as
dr
white
explained,
fuel
and
utility
costs
are
skyrocketing
more
than
anything
else
in
the
economy,
so
you
know
police
department.
You
know
public
works,
any
areas
that
have
a
high
degree
of
vehicle
usage.
N
We
may
be
seeing
some
areas
where
we
have
to
come
back
to
you
and
say
we
need
to
use
a
little
bit
of
this
grt
because
there's
just
you
know
we
we
got
to
pay
our
gas
bill.
We
got
to
pay
our.
You
know
our
utilities
bills,
so
I
I
can't
say
100
definitively
that
we
not
won't
be
coming
back
to
you
with
with
more
of
this,
you
know
excess
grt
spending
I
I
will,
but
as
the
budget
officer,
I
will
commit
to
you
that
not
a
penny
more
than
absolutely
necessary.
N
Will
I
be
approving
okay,
thank
you,
and
so.
O
L
O
H
It
is,
but
in
the
instance
I'd
like
to
see
it
all
in
one
space
where
it
does
show
that
month,
where
we're
at
that
month,
because
I
was
looking
at
where
we
started
to
really
see
this
uptick
and
it
looked
like
it
was.
Maybe
it
started
the
trend
really
started
to
be
there
august
september.
We
really
started
to
see
that
I
think
it
was
july.
We
saw
a
downturn,
maybe
because
there
was
a
spike
or
something
and
we
saw
less
tourism
dollars.
H
I
have
no
idea
why
it
was,
but
the
point
I
was
trying
to
make
is
it'd
be
good
to
see
what
the
excess
coming
in.
Is
that
that
way,
when
these
special
projects
come
up,
we're
we're
all
aware
of
it.
When
there
is
other
special
initiatives,
as
councilwoman
biarelle
mentioned,
we
can
lobby
to
use
that
resource.
We
don't
know
we're
not
saying
we're
going
to
go
immediately
dip
into
it,
but
we
can
at
least
lobby
to
say
well,
we
have
this.
B
Okay,
do
you
have
a
motion
on
this
I'll
move
to
approve?
Is
there
a
second
second
emotion
in
a
second
all,
those
in
favor
aye
aye
anybody
opposed
motion
passes.
Thank
you
all
right.
We
are
on
to
item
r.
B
Request
for
approval
of
a
collective
bargaining
agreement
between
the
city
of
santa
fe
and
the
santa
fe
firefighters
association,
international
association
of
firefighters,
local
2059,
for
fy
2223,
where
bargaining
unit
employees
shall
receive
an
8
percent
salary
increase,
and
we
have
boy
it's
chief
night
here
at
finance.
We
have
our
chief
of
fire,
brian
moya
with
us
and
introduce
your
co-presenter
there.
K
E
And
I
believe
councilwoman
vrl
you
pulled
this
out.
Thank
you,
madam
chair.
Thank
you
all
for
being
here
in
our
exciting
committee
meetings.
You
get
to
see
the
in
the
action.
What
happens?
I
actually
just
had
a
few
questions.
Just
it
was
really
not
to
I
mean
I
was
supportive
of
the
change.
E
I
just
didn't
understand
some
things
related
to
what
what
changes
occur
for
cbas
at
at
this
time,
and
I
think
the
question
for
me,
because
this
happened
for
pd
they
they
had
a
different,
obviously
process,
but
there
were
changes
in
their
cba
along
with
the
pay
increase.
So
I
was
just
curious
if
there
were
any
changes
to
the
cba
that
occurred
beyond
just
the
eight
percent
increase
pay.
K
Madam
chair
counselor
via
rail,
so
we
did
not
have
negotiations
this
last
fiscal
year,
so
we
just
opened
up
me
and
president
lopez
just
opened
up
for
this
to
get
the
eight
percent
through.
So
the
only
thing
that
we're
presenting
here
tonight
is
the
eight
percent,
and
then
we
will
open
up
the
contract
negotiations
now
in
july.
E
In
july,
okay
and
then
the
other
question
pd
had
kind
of
this
inequity,
where
some
folks
that
were
asked
me
didn't
get
the
same
increase.
So
I'm
curious
for
in
terms
of
the
fire
department,
were
there
staff
that
didn't
get
the
eight
percent
increase
and
and
who
were
they.
E
K
The
union
bargaining
agreement,
the
cba,
will
be
getting
the
eight
percent
across
the
board.
So,
okay
from
firefighter
one
all
the
way
to
captain
will
be
everybody
in
the
cba.
So.
K
E
E
I
Actually,
that's
not
necessarily
how
it
goes.
So
we
do
have
some
firefighters
here
that
are
currently
on
probation
and
right
now,
they're,
making
that
minimum
wage
that
was
allocated
by
y'all
a
couple
months
back
they're
going
to
go
from
probation
to
firefighter
one
year,
one
once
they
complete
their
first
year
with
the
fire
department
and
then
once
once,
they
complete
their
second
year
with
the
fire
department.
They'll
go
to
firefighter
two
year
two
and
then
from
then
on.
They'll
continue
with
firefighter
two
to
three
four
five
up
until
they
start
promoting
through
the
ranks.
E
I
I
So
we
don't
get
this
excel
spreadsheet,
so
the
expose
we've
been
asking
for
actually
multiple
times
just
so
we
were
able
to
have
it.
Hr
seems
to
hold
on
to
this
one
but
yeah
they're
kind
of
in
charge.
Of
that
end
of
how
this
looks
and
yes,
we
have
been
speaking
to
try
to
clear
up
a
couple
things
because
there's
a
couple
areas
where
you
know
yeah,
there
won't
be
a
fire
inspector
technically
one
year
year,
one
and
stuff
like
that.
So
we're.
I
E
E
B
B
Other
questions
from
the
committee:
if
not,
is
there
a
motion
to
approve?
Second,
all
those
in
favor
aye,
aye
aye.
Anybody
opposed
motion
passes.
B
We
are
on
to
item
s,
requests
for
approval
of
on-call
contracts
for
city-wide
security
services,
each
in
the
amount
not
to
exceed
four
thousand
four
hundred
dollars,
including
new
mexico,
gross
receipts
for
four
years
with
four
contractors:
allied
universal
security
services,
condor
security
of
america,
inc,
cervexo
protective
services
and
vet
sec
protection
agency
and
sam
burnett.
You
are
here
with
karen
gross
to
handle
this
item
and
councilwoman
vrl
and
councillor
lindell.
You
both
pulled
this
I'll.
Let
you
arm
wrestle
for
who
goes
first.
Thank
you.
E
Madam
chair,
just
we
talked
a
little
bit
about
this
sam
just
so
I
could
understand
so
this
is
on
call.
You
have
a
group
of
well,
we
saw
it
in
the
caption,
but
there's
a
group
of
security
companies
that
we
vetted
that
will
be
allowed
to
be
used
by
any
department
within
the
city
and
who
facilitates
that?
P
There
we
go
chairperson
romero
worth
counselor
via
real.
Thank
you
as
an
on-call
contract.
Yes,
you
are
correct.
Any
any
entity
within
the
city
could
reach
out
to
any
of
the
four
vendors
that
would
be
under
contract
with
a
proposed
scope
of
work
and
ask
for
a
quote
based
upon
the
terms
agreed
to
in
the
contracts
attached
to
this,
rfp
were
asking
for
the
council
to
review.
P
E
L
Down
for
us
absolutely
chairperson,.
P
Romero
worth
counselor
via
real:
this
is
a
four
year
contract.
Right
now,
the
average
of
our
existing
security
contract
has
been
about
1.1
million
dollars
per
year.
We
are.
P
In
this
fiscal
year,
probably
somewhere,
roughly
around
a
20
to
25
percent
increase
in
the
cost
of
security,
the
way
this
works
is
this:
is
these
the
amount
in
each
of
these
contracts
is
not
a
guarantee
of
payment?
Really
it's
more
kind
of
the
bandwidth.
The
city
would
have
to
work
with
that,
given
contract
the
actual
funds
for
any
any
po
encumbered,
those
funds
would
come
directly
from
the
entity
within
the
city.
P
Generally.
Those
funds
are
requested
through
the
budget
cycle,
so
you
know,
for
example,
at
midtown
or
the
rail
yard.
Those
are
areas
where
I
know
ahead
of
time.
I
should
ask
for
x
amount
of
dollars,
and
then
I
would
go
out
to
the
four
various
vendors
ask
them
for
quotes.
You
know,
move
them
through
a
vetting
process,
select
my
vendor
and
then
open
a
po
against
that
contract
and
that
amount
of
money.
The
contract
overall
will
be
managed
by
the
community
health
and
safety
department
going
forward.
P
Chairperson
romero
worth
counselor
via
real,
you
know
it
I
in
in
a
roundabout
way.
Yes,
specifically
in
the
contract,
no,
but
by
me
and
requesting
budget
and
budget
cycle
yeah.
I
know
I
will
definitely
be
encumbering
x
number
of
dollars.
If
that
makes
sense,
I
think
I'm
answering
it.
I.
E
P
Chairperson
romero
worth
councillor
villarreal,
I
believe
the
largest
are
midtown,
the
water
division
airport
for
sure
those
are
the
three
largest,
as
I
remember
them,
I
think
collectively.
The
libraries
which
have
four
sites
is
a
pretty
significant
contributor.
G
E
So
what
gives
me
pause
that
I've
already
brought
up
before
is
allied?
We
haven't
had
a
good
track
record
with
them,
since
we've
had
the
contract
with
them
and
then
in
2021,
allied
and
my
favorite
security
company
g4s,
which,
when
I
first
got
on
council,
was
our
primary
security
company
and
they
have
a
lot
of
fraud
and
human
rights
violations
and
they
still
do.
I
was
actually
looking
it
up
today
and
there's
still
issues
with
that
company,
not
just
well
in
our
country,
but
also
globally.
E
I've
also
heard
anecdotally
about
working
for
them
and
having
issues
working
for
them
and
not
getting
paid.
So
I'm
not
in
favor
of
working
with
allied-
and
we
talked
about
this
before,
and
maybe
you
can
tell
all
of
us
about
the
airport
issue,
but
I'm
just
I'm
wishing
we
could
take
them
out
of
this
pool
because
I'm
just
not,
I
don't
I'm
not
in
favor
of
a
company
that
doesn't
have
a
good
track
record
with
us,
and
then
they
have
all
these
other
issues
with
the
company
as
their
global
corporation.
P
Chairperson
romero
worth
counselor
via
real
right
now,
their
allied
is
providing
security
at
the
airport
and
there.
P
I
do
want
to
say
that
by
one
of
the
things
that
we're
attempting
to
do
here,
kind
of
to
speak
to
some
of
the
other
background
you
gave
with
challenges
we've
had
with
allied
over
the
last
couple
of
years.
One
of
the
primary
challenges
has
actually
been
staffing
and
their
inability
to
cover
all
of
the
sites
that
we've
contracted
for
so
in
this
rfp.
We're
trying
to
address
a
number
of
issues
and
one
of
the
primary
issues
is
essentially
diversity
and
coverage.
P
We're
hoping
that
by
contracting
with
a
number
of
companies
up
front,
we
create
the
diversity
for
city
staff
to
be
able
to
work
with
effectively
in
rearranging
you
know,
expanding
the
number
of
service
providers.
We
have
and
increasing
opportunities
for
various
entities
within
the
city
to
contract
with
various
individuals,
and
this.
G
P
P
Chairperson
romero
wirth
counselor
via
real.
I
cannot
speak
officially
for
the
procurement
office,
but
it
is
my
based
upon
my
experience
and
going
through
the
procurement
process
that
changing
the
scope
for
any.
P
E
P
Chairperson
romero
worth
counselor
via
real,
I
I
honestly
don't
know
how
to
answer
that
question,
but
it
is
absolutely
something
that
I
would
be
willing
to
look
into
and
be
able
to
provide
more
information
on
in
the
next
meeting
to
you
directly
if
you
are
interested
in
between,
and
certainly
if
you
are
not
at
public
works
committee
again
at
governing
body,
but
I
don't
want
to
speak
out
of
turn
and
make
any
promises
that
I
can't
keep
writing.
I.
E
P
Chairperson
romero
wirth
councillor
lindell
at
towards
the
end
of
the
contracting
process,
where
we
were
actually
sending
out
the
official
contracts
and
vendors
returning
them
and
kind
of
nearing
the
end
of
our
window.
To
be
able
to
get
this
onto
a
committee
and
council
agenda.
P
We
have
sent
an
email
out
to
the
procurement
office
to
talk
about
the
possibility
of
a
contract
amendment
in
the
near
future
that
it
would
allow
us
to
modify
all
the
contracts
collectively
and
bring
them
back
on
board.
But
we
did
not
have
time
to
keep
them
on
board
and
make
our
deadline
of
june
30th.
D
B
B
Okay,
our
last
item
of
the
evening,
consideration
of
resolution
number
2022
sponsored
by
counselors
m
garcia
and
councillor
l,
garcia,
a
resolution
specifying
that
the
down
payment
assistance
program
included
in
the
fy
23
budget
be
available
to
all
full-time
city
employees.
I'm
not
sure
there
we
go.
We
do
have
alex
ladd
here
to
answer
questions.
We
also
have
one
of
the
sponsors
here:
counselor,
garcia
and
counselor
lindell.
H
With
that,
I
think
it's
a
pretty
simple
request:
we're
changing
requesting
here
for
a
change
that
the
program
be
extended
to
all
full-time
city
employees
with
that
I'll
defer
to
counselor
lindell
for
any
questions.
D
Counselor,
thank
you
chair.
I
really
don't
have
any
questions.
I
think
I
have
a
thorough
understanding
of.
I
mean
it's
a
pretty
straightforward
resolution,
but
the
reason
I
pulled
it
is
that
I
want
to
be
clear
that
it's
not
a
resolution
that
I
support.
So
I
I
didn't
want
any
misunderstanding
about
that.
So
I
went
ahead
and
pulled
it.
I
don't
have
any
questions
about
it,
so
I
can
yield
the
floor
chair
or
I
can
make
a
motion.
B
Okay,
I
do
have
a
couple
questions,
so
I
did
watch
the
presentation
at
the
quality
of
life
committee
and
I
I
think
it
was
established
there
that
the
amount
of
down
payment
assistance
that
is
likely
to
be
kind
of
a
I
don't
know
what
the
right
word
would
be
an
average
or
the
the
I'm
sure
that
probably
depending
on
the
applicant,
the
amount
could
change,
but
there
was
a
number
I
believe,
thrown
out
of
being
around
fifty
thousand
dollars,
which
would
be
the
amount
that
might
be
available
to
somebody
who
is
successful
in
getting
awarded
this
assistance.
C
Members
of
the
committee,
you
are
correct.
The
fifty
thousand
dollar
number
is
the
one
that
both
housing
trusts
and
the
home
wise
are,
and
home
wise
are
seeing
as
a
more
realistic
number.
Traditionally
it
was
closer
to
twenty
or
thirty
thousand
per
household,
but
I
do
want
to
make
it
very
clear
that
households
are
not
over
subsidized,
so
they
underwrite
this
assistance
just
like
they
would
any
other
kind
of
financial
support.
B
Currently
that
are
right
now,
it's
targeted
at
first
responders,
correct
and
so
we're
we'd
be
able
to
help
15
employees,
who
were
first
responders
with
the
amount
of
money.
That's
currently
here
given
given
the
50
000
being
kind
of
a
average
level
of
award.
C
Adam
chair,
that's
correct.
I
would
expect
it
to
be
maybe
one
or
two
more
than
that,
but
I
also
want
to
point
out
that
for
this
upcoming
fiscal
year,
the
community
development
commission
awarded
900
000
of
down
payment
assistance
to
housing,
trust
and
home
wise
so
that
those
funds
are
available.
Additionally,
and
of
course,
those
two
organizations
will
go
under
contract
to
administer
those
funds
and
we
will
require
that
they
make
an
extra
outreach
effort.
That's
more
targeted
at
city
employees
at
large.
C
Madam
chair,
the
900
000
is
open
to
the
community
at
large,
but
we
are
going
to
require
that
the
organizations
they
have
to
report
to
us
when
they
help
city
employees,
but
we're
just
going
to
have
them
beef
up
their
outreach
just
a
little
bit
to
make
sure
that
anyone
who
is
mortgage-ready
and
and
for
whom
this
is
the
right
choice
is
able
to
access
those
funds.
C
C
I
think,
even
if
what
this
does
at
a
minimum,
for
some
folks
is
just
get
them
into
the
system
and
get
them
thinking
about
homeownership
or
even
just
financial
fitness
and
how
to
get
their
financial
matters
in
line
and
to
help
them
understand
how
to
make
smart
financial
choices.
You
know
that
there's
a
lot
of
value
to
that.
Even
if
the
person
doesn't
end
up
buying
a
home
or
doesn't
end
up
moving
to
santa
fe.
J
B
Thank
you
and
I
guess
I
would
just
point
out
that
we
did
talk
a
lot
about
this
during
the
budget
hearings,
and
you
know
this
is
a
new
program.
I
we
don't
have
any
experience
with
it.
We
haven't
really
developed
the
program
criteria
and
I
I
think
when
we
talked
about
this,
the
idea
was
that
it's
kind
of
a
pilot,
in
essence.
C
Would
you
characterize
it
that
way,
madam
chair,
the
city's
been
funding
down
payment
assistance
programs
for
30
years,
so
it's
not
it's
not
that
we
don't
know
what
these
programs
look
like
or
how
they
need
to
be
administered,
and
we
would
not
do
this
ourselves.
I
would
not
income
certify
people
and
get
them
ready
to
buy
a
home.
That
is
not
what
I
do.
C
I
would
I
we
would
have
to
contract
with
one
of
the
or
both
of
the
nonprofits
in
the
community
to
to
provide
the
direct
services
and
and
to
actually
do
the
technical
part
of
the
work.
I
think
the
question
I
asked
the
the
members
of
the
governing
body
who
are
in
support
of
this
or
not
in
support
of
this
or
who
are
came
up
with
the
idea
in
the
first
place,
is
what
policy
question?
C
What
what
problem
are
you
trying
to
solve
with
this,
because
that's
what
informs
the
design
of
the
program
so
as
soon
as
that's
articulated-
and
we
know
we
know
how
to
do
this-
it's
not
a
question
of
oh.
This
is
such
new
stuff
in
a
pilot.
It's
just
what?
What?
What
are
we
trying?
What
problem
are
we
trying
to
solve?
What
what
need
are
we
trying
to
meet.
B
Right
and
I'm
glad
you
brought
that
up
because
well
a
couple
things
I
mean
all
right,
so
we're
not
going
to
be
doing
that
we're
going
to
be
contracting
with
somebody
who
will
at
the
moment
the
problem
we're
trying
to
solve
is
getting
more
first
responders
to
live
in
santa
fe
to
be
homeowners
in
santa
fe
and
potentially
bring
some
of
particularly
police
who
live
outside
the
city
back
to
living
in
the
city.
So
if
that's
the
problem,
we're
trying
to
solve
that's
the
way
we
pass
the
budget.
B
I
think
that,
with
this
resolution
there
may
be
a
new
problem,
we're
trying
to
solve
or
a
wider
problem
we're
trying
to
solve.
But
I
think
the
initial
passage
of
this
money
and
how
it
would
be
directed
was
pretty
clear
in
what
the
policy
objective
was,
which
is
to
target
first
responders
and
certainly
to
see
if
we
can
entice
more
police
to
live
in
santa
fe
to
be
able
to
afford
it.
And
so
I
think
that's
the
problem.
We're
trying
to
solve
and.
B
With
the
initial
amount
of
money,
this
this,
of
course,
would
be
something
different.
Okay,
I
I
guess
you
know
when
we
talked
about
this,
I
think
we
thought
that
we
would
see
how
it
worked
for
first
responders,
and
I
would
like
to
see
how
that
works.
B
Opening
it
up
to
more
city
employees
is
something
that
I'd
be
interested
in
exploring,
but
I
think
it's
premature
at
this
point
and
I'd
like
to
see
the
original
money.
I
think
I
spent
the
better
part
of
my
weekend
on
the
phone
with
constituents
because
of
a
shooting
in
the
south
capital
neighborhood,
and
I
think
public
safety
is
something
that
we
really
need
to
be
paying
attention
to,
and
we
know
we're.
I
mean
we're
living
through
an
incredible
fire
season.
B
We
do
have
public
safety
issues
that
we
need
to
be
addressing,
and
I
I
would
support
sticking
with
the
original
objective
and
potentially
exploring
this
down
the
road
with
additional
funding,
and
you
know
making
it
wider
once
we
have
some
sense
of
whether
this
works
in
terms
of
getting
folks
to
to
live
and
be
able
to
afford
it
to
live
in
santa
fe.
With
this
help
so
councillor
wendell,
you
had
a
you
were
going
to
do
a
motion
or
I.
E
I'm
sure
I
just
wanted
to
say
I
said
this
in
the
quality
of
life.
Yes,
we
want
the
amount
of
this
funding
to
go.
You
know
that
first
responders
have
access
to
it
and
the
reason
why
I
was
in
support
of
having
this
resolution
passes
and
having
it
open
to
all
city
employees
is
that
once
we
have
excess
grt,
hopefully
that
we
can
actually
feed
into
that
pool
of
money
so
that
it
can
expand-
and
this
was
just
setting
the
policy
structure
for
it
to
be
able
to
do
that.
E
D
I'll
move
to
deny
resolution
number
20
22,
I
don't
have
a
number
for
it.