Finance Commission

4/13/2021 - Minutes I. Call to Order Members Present: Jean Szilva, Matt Francis, Steven Berbeco, Susan Eddy, Maurice Matte City Staff Present: Mayor Kristine Lott, City Manager Jesse Baker, Finance Director Angela Aldieri Guests Present: City Councilor Bryn Oakleaf Call to Order by: Jean Szilva Meeting Start Time: 5:33 PM Minutes Recorded by: Susan Eddy II. Public Comment None III. Approve Previous Meeting Minutes Decision: Approved Motion by: SB Second: MM IV. Council Update Mayor Lott’s update included that the search committee for city manager was formed, Council approved fees for street amenities and impact fees. The new equity director will be announced soon. The City Clerk is retiring at the end of the calendar year. V. Update: American Rescue Plan Funding Winooski is expected to be given $2.3M in American Rescue Plan Funding. $730,000 is direct award to the city and the remainder is Winooski’s portion of the county funds. The guidelines for using the funds are still ambiguous and include replacing revenue lost due to the pandemic including small business. A group of Chittenden County leaders are discussing potentially pooling some of the funds to invest in shared services. More specific information is expected to be shared soon. The first payment is expected in May. The funds may be used until Dec 2024. VI. Discussion/Approval: Balanced Budget and Budget Management Policy Decision: Approved Motion by: SB Second: MM The FC reviewed the policy presented by staff and approved. VII. Discussion/Approval: Revenue and Receivables Policy Decision: Approved with minor changes  The FC reviewed the policy presented by staff and approved. VII. Discussion/Approval: Revenue and Receivables Policy Decision: Approved with minor changes Motion by: SB Second: MF The FC reviewed the policy presented by staff suggested minor changes and approved. VIII. Discussion/Approval: Purchasing and Procurement Policy The FC reviewed the policy presented by staff and suggested several changes. Staff will amend the policy and brign back for review at the next meeting. IX. Adjourn Meeting End Time: 6:40 PM