Finance Committee (Meets 4th Tuesday of each month at 4:30 p.m.)

FINANCE COMMITTEE Meeting Minutes January 28, 2025, Regular Meeting The meeting was called to order by Chair Sweeney at 4:32 pm on January 28, 2025, in Government Center Room 204. 1 ROLLCALL PRESENT: Jack Sweeney, Tylor Elm, and Mike Herrick VIRTUAL: Danielle G CITY STAFF PRESENT: Nick Rhinehart (Finance Director), Renee Hoff (Assistant Finance Director), Jane Darwin, Darienne McNamara (Environmental Regulatory Coordinator), Todd Janigo (Public Works Director), Jason Serck (Planning, Economic Development & Port Director), and Camron Vollbrecht (Fire Chief) and Karie Markon OTHERS PRESENT: Shelley Nelson, Katelyn Baumann, Jordan Stish, Danielle Godnik-Anderson 2 APPROVAL OF MINUTES 2.1 Finance Committee (Meeting held December 12, 2024) Motion was made by Tylor Elm, seconded Mike Herrick, and carried to approve the Finance Committee minutes held December 12, 2024 3 OLD BUSINESS 3.1 Landfill Budget 2025 Landfill Budget will be held in Committee 3.2 Superior Public Museums RFP Review Superior Public Museums RFP Review will be held in Committee Motion was made by Tylor Elm, seconded by Mike Herrick, and carried to hold in Committee the Landfill Budget 2025 and the Superior Public Museums RFP Review. 4 NEW BUSINESS 4.1 Captain J’s Mini Golf Land Lease Amendment Jason Serck spoke on the past history of the Lease Amendment with Captain J’s Mini Golf. A question-and- answer period was ensured. Motion was made by Tylor Elm, seconded by Mike Herrick, and carried to approve the Captain J’s Mini Golf Land Lease Amendment. 5 RECURRING BUSINESS 5.1 Golf Course Report and Financials December 2024 Finance Director Nick Rhinehart spoke on the December 2024 golf course report and year end Financials. The Golf Course had a great year, they didn’t meet budget, but was extremely close. Overall the Golf Course is doing well. Motion was made by Tylor Elm, seconded by Mike Herrick, and carried to approve and file the Golf Course Report and Financials December 2024 5.2 October, November and December 2024 Check Registers – 2024 Expenditure Motion was made by Tylor Elm, seconded by Mike Herrick, and carried to approve and file the October, November, and December 2024 Check Register – 2024 Expenditure 5.3 General Fund Financial Statement – 2024 Expenditure vs Budget Analysis as of January 20, 2025 Finance Director Nick Rhinehart spoke on the statements, as they weren’t finished yet as there were still some adjustments needed to be made for the year end, overall were looking good. Motion was made by Tylor Elm, seconded by Mike Herrick, and carried to approve and file the General Fund Financial Statement – 2024 Expenditure vs Budget Analysis as of January 20, 2024. 5.4 American Rescue Plan Act (ARPA) Fund Budget Review Finance Director Nick Rhinehart spoke on the budget and the obligations that were locked in and the remaining funds that would be allocated Motion was made by Tylor Elm, seconded by Mike Herrick, and carried to approve and file the American Rescue Plan Act (ARPA) Fund Budget Review. 5.5 Insurance Update Finance Director Nick Rhinehart spoke on working with the new company and how very pleased he was working with them. A question-and-answer period was ensued. No motion was made by Committee 5.6 Other Financial Matters Fire Chief Camron Vollbrecht brought it to the attention of the Committee that the current contract with the Town of Superior does not include payment for depreciation on use of City vehicles and equipment. A question-and-answer period was ensued. 6. ADJOURNMENT The meeting was adjourned at 5:12 p.m. Minutes respectfully submitted by Karie Markon