HomeMy WebLinkAboutMemo - Read Before Packet - 10/13/2020 - Memorandum From Lawrence Pollack Re: Councilmember Questions And Requests From The September 8 And September 22 Work Sessions On The 2021 Budget - Part 5
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Financial Services
215 N Mason Street
PO Box 580
Fort Collins, CO 80522
970.221.6795
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M E M O R A N D U M
Date: October 13, 2020
To: Mayor Troxell and City Council
Through: Darin Atteberry, City Manager
Travis Storin, Interim Chief Financial Officer
From: Lawrence Pollack, Budget Director
Re: Councilmember questions and requests from the September 8 and 22 work
sessions on the 2021 Budget – Part 5
City Council held their first and second work sessions to review the 2021 City Manager’s
Recommended Budget on September 8 and 22. Questions were asked about specific
Offers, as well as some more general inquiries about the budget. Below is the response to
the last request noted that was not addressed during either work session.
Outcome: Not applicable
1) Request from Ross Cunniff: Please provide a version of both the Total City Revenue
chart and the Sales and Use Tax Revenue chart that displays the inflationary impact of
COVID compared to prior years. Specifically, restate slides 3 and 4 from the
presentation based on CPI.
Response from Dave Lenz (Financial Services)
In response to the question of removing inflationary impacts on our historical revenue
comparisons, below is a restatement of the Budget presentation slide 3 (Total City
Revenue) and slide 4 (Sales and Use Tax Revenue) that adjusts 2011 to 2020 figures to
be stated in 2021 dollars, utilizing local CPI data.
DocuSign Envelope ID: 502BA88B-C576-4E2B-A386-A9C95EF359AB
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Slide 3
Slide 4
DocuSign Envelope ID: 502BA88B-C576-4E2B-A386-A9C95EF359AB