I'll go ahead and call the uh April 20th, 2026 Finance Committee meeting to order at 631.

Councilman Bullock isn't here, but he's on the committee.

I'm sure he's walking in right now.

So there he is.

We have a full committee, which is good.

And I'll give him a moment to come out to the dais.

Feels like a long time.

I was on spring break and then uh we didn't have council last week, so I think this is the latest in a month I've ever stepped on the dice for City Council.

So that's the 20th.

It's interesting.

Um we're back to work.

Uh okay.

First order of business is to review and approve uh the March 20th March 23rd, 2026 Finance Committee meeting minutes.

Um without objection, they are approved.

Great.

Uh and then we have a couple ordinances uh on our docket this evening that we'd like to talk through.

Um the first two, I think we can kind of take them in order, and it's a little out of the typical course, so interesting discussion with um the finance director on the record about the reason for that.

But there are our typical transfer and advances ordinance.

So the first one is uh ordinance number 22, 2026, um, which is I believe the second quarter transfer and advances ordinance, and then ordinance twenty-three twenty twenty-six, uh, which is the third quarter um transfer advance ordinance, which if I remember correctly typically comes later in the year.

Um so for first things first, uh you just going over these, they're I think they're the same as they always are every year, and then the real meat is in the fourth quarter transfer and advances ordinance when uh kind of the the numbers are really uh trued up for the end of the year, and then we kind of settle the books.

But uh Director Mahoney, can you speak to as to why you've you've put them both in the on the dock at the same time?

Uh basically just to be more efficient.

So the first quarter ordinance always is a little different because um we'll do advance repayments to whatever funds that we might have needed to advance money to at the end of the prior year.

Um and like you said, the fourth quarter is uh different because of that same reason.

We're not quite sure at the end of the year if any funds need a little help going into going into the end of the year, or um if there's the ability to perhaps move some money if the um the coffers have a little extra to reserve some.

But the second and third are just um one fourth of the budgeted transfers.

Um historically, they have presented just the second quarter and then come back a couple months later to do the third quarter, and since they're identical and it's kind of just um something we just always do.

I thought it might just just be a little more efficient to do two and three together.

So the question I have is this does this affect cash flow or is this just a you have approval so those transfers happen?

I I guess I think.

Yeah, yeah.

So we will just hold the third quarter until the third quarter happens and then do the transfer in the third quarter.

Okay.

Um any comments or questions from committee members?

Uh Councilperson Strubig?

Thank you.

Could you just give a little more detail on the transfer out and the transfer ins where this is coming from?

And I'm looking at the special revenue funds and where that money is coming from for Winterhurst and the Office on Aging.

Is that the county there or just a little more detail on that?

Thank you.

So especially those two funds, they they can't um they can't survive without help from the general fund.

So uh you'll see 325,000 transfer out of the general fund, um, and that's to support fund 250, uh the aging for 225,000, and then Winterhurst for 100,000.

So those those funds don't bring in enough money on their own to uh support themselves, so general fund has uh needs to help them out.

Thank you.

And I'm just procedurally um thinking through as a committee kind of um what that means.

I mean, do we keep the third quarter one in here and then pop it off later or do we approve it now?

I mean, uh Director Vargo, is it matter to you from the law department standpoint?

Sorry to catch you off guard.

No, I'm gonna make a terrible admission, uh, Mr.

Chair.

I wasn't paying attention to that issue.

I apologize if you want to.

So so basically the um typically there's a second quarter transfers and advances ordinance that as Director Mahoney explained, the first quarter is a lot of refilling the buckets from the end of the year from like, for example, Federal funds that are always late.

Second and third quarter are typically just a quarter of the budget uh where we transfer.

The fourth quarter is then where the real work is in these ordinances.

Director Mahoney, I think saved yourself some drafting um by putting them in the same time, because they're basically identical except one says third quarter and what says second quarter, and the ordinance numbers are different.

So I'm just trying to understand if there's like a legal reason why we may want to hold the third quarter in committee and then pass it out, but um just because it's something we haven't done before.

I can't think of a reason, uh, Mr.

Chair.

Um I I certainly defer to the judgment of the finance director on the efficiency of it, and I don't I don't perceive any legal issue with it.