The City Council held a study session on September 8, 2026, to receive a presentation from the Finance Department, discuss a zoning variance, consider resolutions related to building code appeals and economic development, review an annexation ordinance, and discuss intersection improvements and a liquor permit transfer. No formal votes were taken; discussions were preparatory for upcoming regular council meetings.
Call the Tuesday, September 8th, 2026 study session to order. First item on the agenda is presentation from our finance director, Ms. Slider. Oh, I'm sorry. Good evening. Thank you. The Department of Finance consists of 12 employees, 11 full-time and one part-time. Some accomplishments have been our awards with the Auditor of State's Office and the Government of Finance Officers Association. Both have been numerous years of received, especially the Auditor Estate Award with distinction, which we're very proud of. Less than 5% of the entities receive that award that which is overall clean audits, but then not just clean audits, just internal processes and so forth. So very proud of that. In 2023, a few things we accomplished. And where this comes into play for finance is when we borrow monies, for instance, as we're getting ready to renew a note here very soon for the public works facility. So it's been a very profitable, and we'll be able to utilize the program again here soon in the next couple of months, and we'll be talking about that here before too long. Also, we entered into a sweep sweep program with P and C Bank. Basically, they just sweep out the checking account balance every evening, and this has been very profitable. We have seen the last year we have earned about just shy of $500,000 in interest revenue. So something that is and and the return of the invest on investment was very high, obviously, a half million dollars, but the cost for this is very minimal through P and C. So obviously it was a no-brainer to do this. It's not any work really for the city. We simply just carry the balance and they do all the work at the at the bank. So that is something that we are very uh proud of as well, um, and something that we will continue to do hopefully in years to come. Um, and then in 2026, this is fairly new. Uh, we just partnered with the attorney general's office with uh the collection or basically uh more resource or more teeth, if you will. Um, and what that means is they are helping the income tax office collect the delinquent balances. Right now we have a very good partnership with our municipal court who helps us gain uh additional revenue by collecting or helping us collect where these taxpayers that have delinquent balances they enter into a payment plan. So that's been very profitable. But this just kind of gives an additional resource and something again, just a little bit more teeth. We can get those federal and those state refunds and that we can get maybe payment a little faster and not just have a payment plan. So that's been um the extremely successful. It's zero cost to the city. So again, a no-brainer uh why we would not you know enter into that program. Um we transferred some custodial services, which is basically our investments. We're running at about 31.2 million in our investment balance. We transferred those over from PNC Bank to USA Bank or US bank rather. We had some issues, uh, something that I was not comfortable with. I didn't like some of the correspondence, some of the communication, lack thereof with PC. So it just wasn't uh, and then some of their choices and the um interest revenue was just not where it should be. So uh we've partnered with US bank for many years in our debt bar issuances and and so forth. So um have a very good partnership with them, and uh it was a very attractive program. Again, we're gonna save about $7,000 annually just in costs, uh, so it just made sense. Uh purchase digital budget software last year, ClearGov. Our second year now we've been with this program. Uh it's been received very well. Um, still working through some trainings and making sure everybody's uh you know really um utilizing the resources and very comfortable with it. Uh it's take it is any new software, it's gonna take some time. Um, but we've really are utilizing the program to its full potential. Uh it's not a very expensive program. It's not really uh is meant to be a separate program, it's just an enhancement to the budget process because quite frankly, the old process with this Excel file was extremely big and very outdated and it had to go away. So the electronic uh version is is proven to be very successful as you will be seeing here again for too long.