Informational Meeting

MINUTES Informational Meeting Tuesday, December 15, 2020 at 4:00 PM Carnegie Town Hall, 235 West 10th St., Sioux Falls, SD 57104 1. Call To Order Council Members Present: Janet Brekke (via telecom), Christine M. Erickson (via telecom), Alex Jensen (via telecom), Rick Kiley (via telecom), Greg Neitzert, Marshall Selberg, Curt Soehl, Pat Starr Council Members Absent: None 2. Committee/Commission Reports A. Experience Sioux Falls - BID Board: Tuesday, December 8, 2020 (Council Member Brekke) There was no report. B. South Eastern Council of Governments (SECOG): Thursday, December 10, 2020 (Council Members Brekke and Starr) Council Member Pat Starr said the primary reason for the meeting was to review the Executive Director's salary and the Annual Report. New this year was the Planning Districts being singled out as the experts for Cares Act funding. C. South Dakota Municipal League Board of Directors: Wednesday, December 9, 2020 (Council Member Erickson) Council Member Christine M. Erickson covered a variety of meeting topics, including: cancelling the Legislative Rib Dinner in February; pausing the District Meetings; the SDML's role in implementing the ballot measures legalizing marijuana, a work group has been formed and is reviewing model ordinances; the League hired Rapid City attorney Rich Williams to be their and the State's Counties legal advisor through the time; the work group meetings are ongoing and Erickson asked, through her role on the board for Neitzert to become a member of the work group, he was accepted; the Department of Revenue makes the rules regarding marijuana and they have a deadline of 2022; not sure where things stand for July 1st implementation; the Annual meeting is tentatively scheduled for October in Spearfish; discussed a legislative proposal and report; and also meet with the Counties' association. 3. Councilor Remarks  Council Member and Audit Committee Chair Rick Kiley explained the timeline that they will be following to hire a new Internal Auditor. They anticipate having someone appointed in March. Both Kiley and Neitzert praised former Internal Auditor Abby Vandelanotte, who left at the beginning of December. 4. Presentations A. November 2020 Financial Statements by Shawn Pritchett, Director of Finance Presentation: Approximately 15 minutes followed by discussion Pritchett presented the report and spoke about: Labor Force & Employment; Unemployment which reached 3% in October after peaking at 10% in April; Insured Unemployment is at 0.92%, which is down from a 6% peak, it is the lowest rate in the country and is near pre-pandemic rates; Insured Unemployment Trend 2020; Inflation is at 1.25%; Building Permits YTD Building Valuations are at $670M through November; Sioux Falls YTD Residential Permits (Units) is up 15% from last year; Sales Tax Collections w/out Audits is down 0.2% in November, which is driven by October activity; Entertainment Tax Collections w/out Audits is down 11.4% in November, this is driven by the hospitality sector; Industry Taxable Sales Data; YTD Property Tax Revenues (Current) is at $63.1M in November; Lodging Tax Receipts are down 24.1%; Lodging BID Tax Receipts are down 26.1% for November; General Fund - Revenues YTD is at 92% collected for $160,793,905, which is $2.7M more than this time last year; and General Fund - Expenditures YTD is at 78% for $140,015,067. Discussion followed regarding: budget contributions, remote sales figures, and permit figures. 5. Public Comment Mark Weber spoke about 12 Month Rolling Growth Rates for a variety of sectors that are in the negative. 6. Executive Session A. Consulting with legal counsel or reviewing communications from legal counsel about proposed or pending litigation or contractual matters pursuant to SDCL 1-25- 2(3) A motion was made by Council Member Selberg and seconded by Council Vice- Chair Soehl to enter Executive Session at 4:37 p.m. Roll call vote to enter Executive Session. 8 Yes: Brekke, Erickson, Jensen, Kiley, Neitzert, Selberg, Soehl, Starr; 0 No: (None). Motion Passed. A motion was made by Council Member Selberg and seconded by Council Vice- Chair Soehl to exit Executive Session at 5:02 p.m.. Voice vote to exit Executive Session. 8 Yes: Brekke, Erickson, Jensen, Kiley, Neitzert, Selberg, Soehl, Starr; 0 No: (None). Motion Passed. 7. Adjournment A motion was made by Council Member Selberg and seconded by Council Vice- Chair Soehl to adjourn at 5:02 p.m.. Voice vote to adjourn. 8 Yes: Brekke, Erickson, Jensen, Kiley, Neitzert, Selberg, Soehl, Starr; 0 No: (None). Motion Passed. Denise D. Tucker, MMC, Assistant City Clerk