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|Last Published: 8/7/2007 9:05:20 AM|
|Upon Roll Call the following members were present:|
|Present:||5 - DEB HERMANN, JAN MARCASON, SHARON SANDERS-BROOKS, BETH GOTTSTEIN, RUSS JOHNSON|
|070601||Approving and authorizing settlement of a claim by ACH Investments, Inc., Claim No. T0607-0941.|
FINANCE AND AUDIT COMMITTEE recommends "DO PASS"
This item was held to the end of the committee meeting. The committee voted to go into closed session to discuss this item. After the closed session, the committee voted on this item.
Ayes: 4 - Hermann, Marcason, Gottstein, Johnson
|Estimating revenues in the amount of $4,362,172.00 in the Economic Development Initiative Fund accounts and appropriating $1,774,822.00 to certain Economic Development Initiative Fund accounts.|
FINANCE AND AUDIT COMMITTEE recommends "DO PASS AS A COMMITTEE SUBSTITUTE"
Yolanda McKinsy, Office of Management and Budget, stated that the ordinance was a request to use federal grant money to reestablish revenues for the upcoming year. It was also requested that any funding not allocated be rolled over and used in the fiscal year 08 period.
Ayes: 5 - Hermann, Marcason, Sanders-Brooks, Gottstein, Johnson
|Authorizing the Director of Conventions and Entertainment Facilities to execute a five-year agreement with Anschutz Kansas City, LLC, for the management, booking and operation of Kemper Arena; estimating revenue in the amount of $41,667.00 in the Convention and Tourism Fund; and appropriating $41,667.00 in the General Fund; and recognizing an emergency.|
FINANCE AND AUDIT COMMITTEE recommends "HOLD ON AGENDA (5/30/2007)"
Oscar McGaskey, Director of Convention and Entertainment Centers, appeared before the committee to give an update on the task force created to review the ordinance in question. A task force was scheduled to meet on Thursday, May 24th. He hoped to have some type of feed back with the committee by the next meeting. If all were to go well, he might have a recommendation to bring before the committee at the next meeting.
| ||Deb Hinsvark, Director of Finance, will give a presentation on Tax Amnesty.
Deb Hinsvark and Judy Hadley, Finance Department, made a presentation before the committee regarding the results of the Tax Amnesty Program that had been implemented earlier in the year. Overall the program failed to generate as much revenue as anticipated by the division. Studies were done of jurisdictions comparable to Kansas City in population and size and estimates were based on those studies. The division had estimated at least $3 million dollars would be collected during the period which ran approximately a month and a half. The amount collected was in the $2 million dollar range instead. Overall the program netted less than $1 million dollars. The program allowed the division to educate the public on the earnings taxes collected by the City. It also gave the division a listing of potential companies that had not paid earnings tax or purchased a business license.
Councilwoman Hermann wanted to know where the money would be coming from to sustain the new positions that were created because of the amnesty program. It was the council's impression that the program would be self sustaining.
The panel was asked to return in 4 weeks and do an update on the Amnesty Program results (actual figures should be ready by then, not just estimates).
Gary White, Acting City Auditor, will give an report on Audits. He explained that audits were rated as to importance and necessity. If an audit were to be requested by a councilmember it would be placed on the list of audits using the same criteria the department used to rate the other audits being done.
Mr. White presented the committee with a listing of audits associated with the Auditor's Office and the status of those audits.
City Staff will give a report on Capitol projects & cost allocation.
Ralph Davis and Eric Bosch made the presentation before the committee on capital projects and project costs. Mr. Bosch talked about costs associated with the ongoing projects in the downtown and northland areas.
Councilwoman Deb Hermann stated that she would like to see the City Manager's plan to merge CIMO back under the control of Public Works. She would like to have the information (plan) at the next meeting.
"ARTS" Program Update.
LaTrisha Underhill gave an update on the status of the ARTS Report Program. There were approximately 34 ARTS Reports to be presented to the committee but no report had been done in the last 2 years. After speaking with the chair of the committee Ms. Underhill requested that at least 2 reports be put on the weekly agenda until the backlog had been addressed start as early as next week.
The Finance and Audit Committee may hold Closed Sessions pursuant to Sections RSMo 610.021 (1). (2), and/or (3) respectively to discuss legal, real estate or personnel matters.
The council went into closed session to discuss Ordinance No. 070601.
There may be general discussion(s) on current Finance and Audit Committee issues.|