[Call to Order]
[1. ACTION ITEM: Modifications, Additions, Changes to the Agenda]
[00:00:08]
IDAHO FALLS REDEVELOPMENT AGENCY. THURSDAY, JUNE 18TH, 2026. ARE THERE ANY MODIFICATIONS OR CHANGES TO THE AGENDA? HEARING NONE, WE'LL MOVE TO THE APPROVAL OF THE
[2. ACTION ITEM: Approval of Minutes: May 21, 202]
MINUTES THAT WERE PREPARED FOR US BY BECKY THOMPSON. THE MAY 21ST, 2026. ARE THERE ANY MODIFICATIONS OR CHANGES TO THE MINUTES? SO MOTION TO APPROVE THE MINUTES. SECOND. SECOND.ALL IN FAVOR, SAY AYE. AYE. ANY OPPOSED? SAY NAY. MOTION PASSES. NEXT ITEM IS THE APPROVAL OF
[3. ACTION ITEM: Approval of Expenditures and Finance Report]
THE EXPENDITURES AND FINANCE REPORT. WE HAVE A FINANCE REPORT WHERE WE HAVE SOME EXPENDITURES IN RIVER COMMONS. $75 TO REBECCA THOMPSON, 1007 8750 TO BRAD KRAMER, 5500 TO READ AND COMPANY FOR THE AUDIT, $870. THE CITY OF IDAHO FALLS FOR SERVICES. ALSO AN ADDITIONAL $100 TO SEE FEDERAL FALLS IN THE BRIDGE FUND AND 300 IN THE JACKSON HOLE FUND.ANY QUESTIONS ABOUT THE FINANCE REPORT? IS THERE A MOTION TO APPROVE THE FINANCE REPORT? SO MOVED. SECOND. ALL IN FAVOR, SAY AYE. ANY OPPOSED? SAY NAY. AYE. MOTION PASSES. ALRIGHT. WE
[4. ACTION ITEM: Proposed Changes to Finance Report]
HAVE KASEY HERE WITH US TODAY. SHE'S GOING TO TALK TO US ABOUT HOW WE CAN DO OUR FINANCE REPORT. BETTER TO GIVE US HER RECOMMENDATIONS. SO. OKAY. THANK YOU, MR. GORDON.COMMISSIONERS. SO I JUST WANTED TO COME FORWARD TODAY AND TALK A LITTLE BIT ABOUT HOW WE'RE DOING OUR BUDGET TO ACTUAL REPORT AS WELL AS OUR FINANCE REPORT. I BELIEVE IT WAS MENTIONED A COUPLE OF MONTHS AGO, MAYBE THREE MONTHS AGO OR SO WHILE I WAS OUT, THAT WE WANTED TO LOOK AT MAYBE RESTRUCTURING OR REVAMPING THE FINANCE REPORT. THE GOAL WOULD BE TO, IN ESSENCE, BASICALLY TO MAKE IT MORE OF LIKE AN INCOME STATEMENT, TO SHOW REVENUES THAT HAVE BEEN RECEIVED AND EXPENDITURES GOING OUT. THIS WOULD BETTER HELP US ALIGN WITH OUR BUDGET PROCESS TO KIND OF SEE WHERE WE'RE AT WITH OUR BUDGET, AND THEN LOOK AT THAT IN COMPARISON TO AN INCOME STATEMENT, TO KIND OF SHOW WHERE WE'RE AT. OUR CURRENT BUDGET TO ACTUAL REPORT DOES NOT SHOW REVENUES. IT JUST SHOWS OUR BUDGETED FOR THE EXPENSES FOR EACH OF THE DISTRICTS. SO THE IDEA WOULD BE TO, WHEN TALKING THIS, TALKING ABOUT THIS WITH STAFF IS AND I APOLOGIZE, I DON'T HAVE AN EXAMPLE YET BECAUSE AS I WAS GOING THROUGH QUICKBOOKS TO KIND OF SEE WHAT THE BEST ACCURATE REPORT WOULD BE, I NEED TO GO THROUGH IT MORE TO KIND OF SEE IF THERE'S BUDGETING PROJECTIONS AND THE BUDGETING MODULE WITH QUICKBOOKS, AND I JUST HAVEN'T HAD THE TIME TO DO THAT YET DUE TO THE NEW ERP SOFTWARE THAT WE'RE IMPLEMENTING WITH THE CITY. SO I APOLOGIZE FOR THAT.
BUT BASICALLY WHAT WE WOULD BE DOING MOVING FORWARD, AND I'M HAPPY TO OPEN THIS UP FOR DISCUSSION AS WELL, IS THAT WE WOULD KEEP OUR FINANCE REPORT THAT SHOWS OUR AVAILABLE CASH BALANCES FOR ALL OF THE RESPECTIVE DISTRICTS THAT WE HAVE, AS WELL AS THE MONTHLY EXPENDITURES THAT ARE GOING OUT. BUT WHAT WOULD BE MODIFIED IS OUR BUDGET TO ACTUAL REPORT. WE WOULD, IN ESSENCE, SHOW MORE OF AN INCOME STATEMENT, LIKE REPORT. THAT KIND OF HELPS US SEE, IN CONJUNCTION WITH OUR BUDGET FOR REVENUES. ALSO HAVING THAT KIND OF GO TOGETHER MORE SO. SO IT'S NOT THAT WE'RE DOING AWAY WITH THE REPORTS THAT WE CURRENTLY HAVE. WE'RE JUST MODIFYING THEM TO HELP US BETTER SEE AND PROJECT IN ACCORDANCE WITH OUR BUDGET THAT WE APPROVED DURING BUDGET PROCESS. OKAY. AND WOULD THAT STILL BE PROJECT AREA? PROJECT AREA OR WOULD IT BE THE TOTALS? YEAH. SO THE GOAL WOULD BE WHEN LOOKING AT THIS QUICKLY IN QUICKBOOKS, I TRIED TO KIND OF DO THE BEST I COULD. I NEED TO BE ABLE TO PLAY WITH THIS FUNCTION MORE IN QUICKBOOKS, BUT LOOKING AT IT, YOU CAN DO IT BY DISTRICT, RIGHT? SO I JUST KIND OF NEED TO PLAY WITH THAT FORMAT A LITTLE BIT. I DID PROJECT A PROFIT. IT'S CALLED A PROFIT AND LOSS. SO BASICALLY AN INCOME STATEMENT THAT SHOWS REVENUES AND EXPENSES IN QUICKBOOKS THAT IS PROVIDED. WHAT ISN'T PROVIDED THOUGH IS THE BUDGET SIDE OF IT. AND IT WOULD BE NICE TO HAVE THAT ALL IN ONE REPORT THAT SHOWS US THE REVENUES WERE PROJECTED, AS WELL AS LIKE OUR ACTUALS FOR THE REVENUES AND EXPENSES. COMBINE THAT ALL INTO ONE REPORT, BUT THEN ALSO STILL KEEPING SOMETHING LIKE THE FINANCE REPORT THAT SHOWS YOUR
[00:05:02]
AVAILABLE CASH BALANCES, AS WELL AS THE MONTHLY EXPENDITURES. SO WE WOULD STILL BE SEEING BUDGET AND ACTUAL, BUT WE'D BE SEEING IT MORE ON AN INCOME STATEMENT BASIS. YEAH.AND IT WOULD BE MORE SO ALIGNED WITH THE FISCAL YEAR. SO HIGH LEVEL. THIS IS WHERE WE'RE AT IN THE FISCAL YEAR. HERE'S WHERE OUR BUDGET IS. HERE'S WHERE OUR ACTUALS ARE COMBINING THAT ALL INTO ONE STATEMENT. BUT THEN OUR FINANCE REPORT WOULD SHOW THE MONTHLY LIKE, HERE'S THE CASH WE HAVE AND HERE'S THE EXPENSES GOING OUT. SO I WANTED TO GET YOUR THOUGHTS ON THAT. FEEDBACK QUESTIONS, COMMENTS. THIS REPORT YOU'RE DOING NOW MANUALLY GENERATED LIKE IN EXCEL OR SOMETHING. YES. OKAY. BOTH OF THEM ARE. SO IT SHOULD HAVE A CASH FLOW REPORT IT. YES AS WELL. SO YOU DON'T HAVE TO MANUALLY DOUBLE DO. YEAH. AND THAT'S HONESTLY WE'VE KIND OF BEEN LOOKING AT THIS THE LAST LITTLE WHILE ON WHAT WE CAN DO TO HELP IMPROVE THIS PROCESS. NOT THAT IT'S A BAD PROCESS. IT'S MORE OF JUST MAKING IT MORE EFFICIENT, MORE PROVIDING THE INFORMATION THAT YOU WOULD LIKE TO SEE ON THESE REPORTS.
YEAH. I JUST MEAN LIKE EVEN THIS FINANCE REPORT SHOULD BE A SIMILAR FUNCTION IN QUICKBOOKS.
YEAH. THAT SO YEAH, WITH THE FINANCE REPORT, I THINK THE REASON WHY THIS ONE WAS MORE MANUAL, IF YOU IF YOU CALL IT MANUAL PROCESS IS BECAUSE WE WANTED TO ALSO PROVIDE THE EXPENDITURES ON THE SAME REPORT, WHEREAS QUICKBOOKS IS LIKE, VERY LIKE, HERE'S A REPORT FOR THIS, HERE'S A REPORT FOR THIS, BUT I CAN LOOK AT SEEING IF IT COMBINES IT INTO ONE CASH FLOW AND EXPENDITURES. I THINK IT WOULD CERTAINLY BE EASIER FOR ME TO UNDERSTAND INCOME STATEMENT THAN THIS. YOU KNOW, THAT'S WHAT I'M USED TO. I'M MORE USED TO SEEING THAT. THAT WOULD BE HELPFUL. THE OTHER THING, BUT I DO THINK WE DO NEED TO SEE EVERY MONTH, WE WANT TO SEE THE INDIVIDUAL CHECKS GOING OUT, THE BILLS TO PAY THAT WE'RE STILL SEEING, LOOKING AT THOSE EACH MONTH. YEAH, YEAH. SO YEP, AS I HAD STATED PREVIOUSLY, THE GOAL WOULD BE TO KIND OF KEEP A SIMILAR FORMAT TO THE FINANCE REPORT TO SHOW OUR AVAILABLE CASH BALANCE AND THE MONTHLY EXPENDITURES GOING OUT, BECAUSE WE REALIZE THAT THAT'S SOMETHING THAT THE BOARD NEEDS TO APPROVE EVERY MONTH AT OUR MONTHLY MEETING. BUT MORE SO LOOKING AT THE OTHER REPORT OF BUDGET TO ACTUALS, KIND OF GETTING THAT ALL IN ONE WITH THE REVENUES AND EXPENSES. CASH FLOW. YEAH. OKAY. COMMENTS. ANY OTHER COMMENTS? IS A PROFIT AND LOSS CORRECT TITLE FOR NON PROFIT. SO THIS IS WHAT IT'S CALLED IN QUICKBOOKS. I DON'T REALLY CALL IT THAT. I JUST CALL IT AN INCOME STATEMENT. YEAH. BECAUSE THAT'S REALLY WHAT IT IS IS IT BREAKS IT OUT. I SHOULD HAVE JUST PRINTED THAT JUST TO SHOW YOU. IT'S BASICALLY IT JUST LISTS OUT YOUR REVENUES AND THEN TOTALS THAT UP AND THEN IT BREAKS IT OUT BY YOUR EXPENSES. TOTAL LOSES THAT OUT BASED ON YOUR DIFFERENT CATEGORIES. SO YOUR PROFESSIONAL SERVICES, YOUR AUDITS, FEES, YOUR OFFICE SUPPLIES, ALL OF THAT STUFF BY DISTRICT. SO. I GUESS I NEED AN EXAMPLE HERE. SO THE BUDGET WILL BE UP IN THE INCOME PART OF THE STATE. THE STATE IS THAT THIS THIS BUDGET WE HAVE NOW. SO WE'LL BE UP THERE AND FOLLOWED BY EXPENSES. SO IT WOULD KIND OF, IN MY MIND, THE WAY I'M ENVISIONING IT, ENVISIONING IT IS IT WOULD BE SIDE BY SIDE. LIKE I SAID, I KIND OF NEED TO TWEAK THE DETAILS ON THAT JUST BECAUSE I'M NOT FAMILIAR WITH THAT PART IN QUICKBOOKS ALL THAT MUCH.
BUT THERE'S A WAY TO DO IT BY DISTRICT AND THEN BY THE CATEGORIES. SO I DO THINK THAT WOULD BE VERY HELPFUL THOUGH, JUST LIKE ON AN INCOME STATEMENT, WE'RE GOING TO LOOK AT THE REVENUES. WE'RE GOING TO SEE WHAT'S COMING IN, AND WE'RE GOING TO THEN LOOK AT WHAT'S COMING OUT. AND I THINK THAT'LL GIVE US A BETTER VIEW OF WHAT'S HAPPENING. AND ESPECIALLY IF IT'S IF IT'S A PROJECT BY PROJECT AND YOU HAVE BOTH BUDGET AND ACTUAL, THAT WILL BE A BETTER WAY TO SEE IT. SO YEAH, THAT'S GREAT. ANY OTHER COMMENTS? OKAY. IS THAT WHAT
[5. DISCUSSION ITEM: IFRA Audit Update]
YOU NEED, KATHY ON THAT ONE? YEAH. OKAY. LET'S TALK ABOUT THE AUDIT UPDATE. WHAT DID WE GET ON THE AUDIT? YEAH. SO I HAVE BEEN DOING A BUNCH OF RESEARCH. I'VE ALSO REACHED OUT TO DIFFERENT LOCAL FIRMS. WITH THAT, I HAVE GOTTEN BACK A COUPLE OF ANSWERS THAT SOME OF THESE FIRMS THAT I WAS LOOKING AT DON'T PERFORM THOSE TYPES OF AUDITS. I AM CURRENTLY SPEAKING WITH TWO RIGHT NOW. I WILL SAY THERE IS ONE THAT. LET ME SEE FROM MY NOTES HERE. JENSEN,[00:10:08]
POLSON AND COMPANY, THEY HAVE EXPERIENCE DOING URBAN RENEWAL AUDITS. CURRENTLY THEY ARE DOING ASHTON AMMAN AND RIGBY'S URBAN RENEWAL AUDITS AND HAVE BEEN DOING THAT. SO THEY'RE A GREAT OPTION. SOME, I BELIEVE WE HAVE QUOTES FOR THREE OF THEM, BUT I'M STILL WAITING TO HEAR BACK ON A COUPLE OF MORE. AS FAR AS AN ACTUAL PRICE FOR THE AUDIT, WHICH I AM HAPPY TO PROVIDE FURTHER UPDATE ON THAT LATER. BUT ONE THING TO KEEP IN MIND IS I ALSO DID REACH BACK OUT TO RUD JUST TO KIND OF SEE LIKE, HEY, YOU KNOW, WHAT WOULD IT LOOK LIKE IF, YOU KNOW, WE DECIDED TO GO THAT ROUTE AGAIN FOR A TWO YEAR ENGAGEMENT. BUT ONE OTHER THING THAT I DO REMEMBER WE MENTIONED LAST YEAR IS POTENTIALLY THROWING OUT THERE THE IDEA OF THE IDAHO FALLS REDEVELOPMENT AGENCY POTENTIALLY GOING WITH THE CITY AND DOING MOSS ADAMS HAVING MOSS ADAMS DO THE AUDIT AS A PART OF THE CITY'S AUDIT. AS YOU MAY RECALL, LAST YEAR, THE QUOTES WERE SIGNIFICANTLY HIGHER THAN WHAT RUDD WAS CHARGING US. THEY CHARGE A SEPARATE FEE FOR COMPLETING THE AUDIT, AND THEN A SEPARATE FEE FOR COMPILING AND DRAFTING THE FINANCIAL STATEMENTS, WHICH WAS ABOUT DOUBLE WHAT WE WERE PAYING FOR RUDD. SO BUT THAT'S THAT OPTION IS STILL ON THE TABLE. IF IF THE BOARD WOULD LIKE TO PURSUE THAT ROUTE. BUT AS OF RIGHT NOW, I'VE GOTTEN REALLY AWESOME FEEDBACK. I'VE HAD GREAT CONVERSATIONS BY PHONE AND ON EMAIL WITH THESE AUDITORS. THEY'RE ASKING ME QUESTIONS. I'M ASKING THEM QUESTIONS. SO LIKE I SAID, I AM WAITING TO HEAR BACK FROM A COUPLE OF THEM ON ACTUAL PRICES.I DO KNOW 2 OR 3 AUDIT FIRMS WITH PRICES, BUT I DON'T KNOW IF THAT'S SOMETHING YOU WANT ME TO TALK ABOUT NOW, OR WAIT TILL WE HAVE ALL OF THEM AND WE CAN TALK ABOUT PRICES THEN, OR LET'S GET THE COMPLETE INFORMATION. SO WE'RE SEEING THE WHOLE PICTURE. YEAH, ABSOLUTELY. BUT AS FAR AS THAT GOES, I THINK I THINK EVERYTHING'S GOING WELL.
THEY'RE ASKING QUESTIONS. I'M HAVING PHONE CALLS WITH THEM. SO OKAY. VERY GOOD. OKAY. IS THAT ANYTHING ELSE? I DON'T THINK SO. UNLESS THERE'S ANY QUESTIONS. I THINK THAT THAT'S IT. VERY GOOD. THANK YOU CASSIE, WE APPRECIATE ALL YOUR ASSISTANCE. DO SUCH A GREAT JOB
[6. DISCUSSION ITEM: FY2027 Budget Discussion]
AND WE APPRECIATE IT. ALL RIGHT. NEXT ITEM IS THE FISCAL YEAR 2027 BUDGET DISCUSSION. BACK TO CASSIE. I SHOULD PROBABLY JUST STAY STANDING UP. OKAY. SO AS YOU'RE WELL AWARE, WE ARE UNDERWAY WITH OUR BUDGET PROCESS. WHEN TALKING INTERNALLY WITH BOTH AN BRAD AND MEGAN, WE HAD DISCUSSED, THE PLAN WOULD BE THAT WE WOULD WORK ON THIS BUDGET. I WOULD COORDINATE WITH BRAD. I'M GOING TO BE COMPILING MY NUMBERS, PROJECTIONS, NOTES, THINGS OF THAT NATURE. AND THEN BRAD WOULD ALSO BE DOING HIS SIDE OF IT, AND THEN WE WOULD MEET TOGETHER AND TALK ABOUT NUMBERS. AND THEN THE PLAN WOULD BE TO PRESENT THAT AND TAKE ACTION ON THAT. SO AS OF RIGHT NOW, WE ARE IN THAT PHASE OF DRAFTING OUR BUDGET, COMPILING NUMBERS, MAKING SURE WE'RE CROSSING OUR T'S AND DOTTING OUR EYES, AND THEN PRESENTING THEM FOR THEIR ACTION. SO ARE WE ON SCHEDULE? THEN, JULY, WE'LL APPROVE IT FOR PUBLICATION, APPROVE A DRAFT FOR PUBLICATION. AUGUST WILL HAVE THE HEARING AND AND APPROVE IT SO THAT WE'RE READY FOR SEPTEMBER 1ST. YEP. THAT'S THE GOAL. YEP. OKAY. ANYTHING ELSE WE NEED TO DO ON THAT THEN? OKAY. ALL RIGHT. THAT SOUNDS GOOD. THANK YOU. LET'S KEEP THAT ROLLING. ALL RIGHT. THE[7. DISCUSSION ITEM: Directors Report]
NEXT ITEM IS THE DIRECTOR'S REPORT. BRAD'S PROVIDED US AN UPDATE OF WHAT HE'S GOT GOING ON. SO, BRAD, DO YOU WANT TO COVER THAT? YEAH, I'LL GIVE A COUPLE OF UPDATES ON PROJECTS.AND THEN THE LAST PART ACTUALLY REALLY RELATES TO THE BUDGET. AND SO AS YOU'RE JUST, I GUESS, THINKING ABOUT WHAT YOUR PRIORITIES ARE AND WHAT NUMBERS MIGHT LOOK LIKE, I WANT TO WALK THROUGH SOME OF THE POTENTIAL THINGS WE COULD BE WORKING ON. BUT AS FAR AS PROJECTS I DID CONTACT, AGAIN, ALL OF THE DEVELOPERS THAT WERE WAITING FOR IN TERMS OF OPAS, STILL NO ONE IS READY. IT SOUNDS LIKE THE RIVER RIVER WALK. WITH THE HOTEL. THAT ONE'S GETTING THE
[00:15:01]
CLOSEST. THEY'RE. THEY'RE JUST, THEY'RE IN PROCESS OF REDESIGNING THAT HOTEL WITH WOODBURY, WHO'S THEIR DEVELOPMENT PARTNER. SO THAT ONE'S A LITTLE CLOSER, BUT ANYONE ELSE IS NOT QUITE READY YET ON WILLOW CREEK. THAT ONE IS STILL IN PROCESS TO MOVE FORWARD. I HAVE ONE AG CONSENT SIGNED, HAD A CONVERSATION WITH THE PROPERTY OWNER ON THE SECOND ONE. I EXPECT THAT ONE TO BE SIGNED THIS WEEK, AND THEN IT'S JUST BEEN SCHEDULED FOR PLANNING AND ZONING COMMISSION IN JULY. AND SO THAT ONE'S STILL ON TRACK TO CONTINUE MOVING FORWARD. SO I GUESS I'LL ADD ONE MORE UPDATE THAT THAT OCCURRED AFTER I WROTE THIS IS I DID HEAR BACK FROM BALL VENTURES REGARDING THE BONEYARD CLEANUP. THOSE INVOICES ARE ALL ESSENTIALLY READY TO BE SUBMITTED. SO I'M GOING TO MEET WITH TANA NEXT WEEK AND START GOING OVER THOSE NUMBERS. AND HOPEFULLY BY JULY I'LL BE READY TO TO PRESENT MORE INFORMATION TO THE BOARD ON THAT PROJECT AND DETERMINE WHETHER IT'S READY FOR REIMBURSEMENT. ANY WORD FROM THEM ABOUT HOW WE'RE DOING ON THE NEW AREA? YEAH. MY LAST CONVERSATION WITH HER IS THAT THEY DON'T EXPECT TO START ENGINEERING FOR THAT PROJECT UNTIL LATER IN THE FALL, AND CERTAINLY NO CONSTRUCTION UNTIL NEXT YEAR. AND SO I IMAGINE OCTOBER, NOVEMBER, WE'LL PROBABLY START HAVING SOME MORE CONVERSATIONS ABOUT THEIR ANTICIPATED PROJECTS AND COSTS. OKAY. ALL RIGHT. STILL MOVING FORWARD THOUGH. THERE'S STILL YES, DEFINITELY STILL MOVING FORWARD. OKAY. ALL RIGHT. GO AHEAD. SO THE SECOND THE SECOND PART OF THAT DIRECTOR'S REPORT ARE THE ADMINISTRATIVE PROJECTS. SO WHEN I SIGNED ON FOR THE EXECUTIVE DIRECTOR SERVICES, I HAD A NUMBER OF CONVERSATIONS WITH WITH STAFF, WITH BOARD MEMBERS, WITH MAYOR BURTENSHAW ABOUT POTENTIAL IMPROVEMENTS THAT COULD BE MADE TO THE FOR PROGRAM. WHAT I'VE TRIED TO DO IS LIST THOSE IN THE BACK OF THIS REPORT MORE. MOST MOSTLY FOR THE, I GUESS, PURPOSE OF TALKING ABOUT THE PRIORITIES. THERE'S A LOT OF THINGS WE COULD BE DOING. THERE'S A COUPLE THINGS THAT WE HAVE TO DO, AND I JUST WANT TO MAKE SURE THAT I'M BEING CAREFUL ABOUT COSTS AND HOW MUCH TIME I'M SPENDING ON A LOT OF THESE.AND SO IT WOULD BE HELPFUL TO UNDERSTAND FROM THE BOARD WHICH OF THESE ARE PRIORITIES IN YOUR MIND? I WOULD SAY I WOULD SAY THAT THE FIRST ONE. SORRY, LET ME BACK UP A LITTLE BIT. I DID TRY TO LIST THESE IN SORT OF A RECOMMENDED PRIORITY, ALTHOUGH I'M NOT, YOU KNOW, I DON'T HAVE SUPER STRONG FEELINGS ABOUT THIS PRIORITY ORDER OTHER THAN THE RIVER COMMONS DISTRICT TO CLOSE OUT. DOES HAVE TO START HERE. AS SOON AS IT'S CLOSING OUT AT THE END OF 2028. AND THERE'S A LOT OF WORK THAT GOES INTO PREPARING TO CLOSE A DISTRICT. AND SO THAT ONE DOES NEED TO BE A LITTLE BIT HIGHER ON THE LIST. BUT JUST I WON'T READ ALL OF THIS, BUT JUST TO RUN THROUGH THESE PROJECTS, WE'VE TALKED ABOUT CREATING A GENERAL FUND. THERE ARE A LOT OF AGENCIES THAT DO THAT. I'VE BEEN REACHING OUT TO A FEW OF THEM. YOU CAN SEE THAT RIGHT NOW, RIVER COMMONS, IF YOU JUST LOOK AT THE FINANCE REPORT, RIVER COMMONS ESSENTIALLY GETS USED AS A GENERAL FUND. AND WITH IT CLOSING, THIS IS A GOOD TIME TO TALK ABOUT SOME OTHER MODEL. MEGAN AND I HAVE TALKED ABOUT THE NEED FOR AN OPA CHECKLIST AND PROCESS IMPROVEMENTS. THAT WAS REALLY HIGHLIGHTED AGAIN BY THAT THE EAGLE RIDGE OPA ISSUE THAT WE RECENTLY HAD, BUT JUST IN GENERAL, SOME BETTER COORDINATION WITH THE CITY AND GIVING DEVELOPERS A BETTER UNDERSTANDING OF THE PROCESS. AND WHAT WE NEED IS WHAT THAT PROJECT IS. WE'VE TALKED ABOUT SOME PERFORMANCE METRICS DEVELOPING, ESPECIALLY WITH SO MANY OF THESE MICRO DISTRICTS OR ONE OF THE FEW IN THE STATE, IF NOT THE ONE, THE ONLY IN THE STATE THAT DOES THESE REALLY SMALL DISTRICTS AND TRYING TO DETERMINE HOW THEY'RE ACTUALLY PERFORMING COMPARED TO HOW WE THOUGHT THEY WOULD PERFORM. AND THAT WOULD BE ONE OF ONE OF THE PROJECTS AS WELL. I'VE, I'VE HAD SEVERAL COMMENTS ABOUT THE NEED FOR PROJECT TRACKING IMPROVEMENTS. SO RIGHT NOW YOUR PROJECT TRACKING IS NOW THIS REPORT, RIGHT? THAT'S WHEN YOU GET TO LEARN WHERE THINGS ARE IN THE PROCESS. AND THERE'S A BETTER WAY TO DO THAT. WE WOULD EXPLORE THAT LIKELY ONLINE SOMEWHERE THAT YOU OR THE PUBLIC COULD GO AND SEE WHERE THINGS ARE AT. AND THEN FINALLY, THERE'S BEEN CONVERSATIONS ABOUT JUST GENERALLY IMPROVING THE GRAPHICS AND WEBSITE FOR DEVELOPERS, FOR, FOR THE GENERAL PUBLIC, JUST SO THAT OUR PROCESSES AND WHAT WE DO IS MORE UNDERSTANDABLE AND NAVIGABLE, AND ALSO TO SHOWCASE THE GOOD WORK THAT THE AGENCY DOES. SO VERY QUICK RUN THROUGH OF WHAT WE COULD BE WORKING ON.
AND AGAIN, JUST INTERESTED IN YOUR DISCUSSION ON WHAT SOME OF YOUR PRIORITIES, OR IF I'VE MISSED PROJECTS THAT YOU'D LIKE TO INCLUDE IN THIS TYPE OF LIST SO THAT WE CAN FOCUS OUR
[00:20:01]
EFFORTS WHERE THEY NEED TO BE. ALL RIGHT. ANY THOUGHTS FOR BRAD? WELL, A FEW MONTHS AGO, I THINK I ASKED ABOUT THESE EXPENSES AND HOW WE'RE PULLING THEM OUT AND WHO WE'RE ASSIGNING EXPENSES TO. SO WHICH I THINK THIS GENERAL FUND IN, IN ESSENCE, IS A GOOD IDEA, BUT YOU'RE STILL GOING TO HAVE TO PRORATE THE MONEY IN THERE INITIALLY FROM THESE OTHER DISTRICTS. SOMEHOW YOU HAVE TO KIND OF SET UP SOME LIKE WHO'S, WHO'S THE BIGGEST ONE? WHO'S GOING TO HAVE THE BIGGEST MONEY OR MOST AMOUNT OF MONEY FLOWING THROUGH IT TO, TO POPULATE THAT GENERAL FUND. INITIALLY, I SUPPOSE. IS THAT CORRECT? YEP. YEAH, THAT'S THAT'S ESSENTIALLY HOW I UNDERSTAND IT WORKS WITH SOME OF THESE OTHER AGENCIES. OH YEAH. THERE'S A PERCENTAGE THAT GETS PAID INTO IT BY DISTRICT BASED ON EITHER REVENUE OR BASED ON FUND BALANCE. IF THERE'S SOME FORMULA THAT EVERYONE'S CONTRIBUTING A PROPORTIONATE SHARE, THAT MAKES A LOT OF SENSE TO ME. I STRUGGLED WITH USING ONE OF THE DISTRICTS AS A PASS THROUGH, AND IT FEELS LIKE ROBBING PETER TO PAY PAUL, AND I KNOW IT'S NOT, BUT IT'S NOT AS TRANSPARENT AND CLEAR AS IT COULD BE. SO TO ME, THAT IS DEFINITELY A PRIORITY. YEAH.ANY QUESTION THE THE MONEY THAT GETS PULLED OUT OF EACH INDIVIDUAL DISTRICT TO THE GENERAL FUND IS DO WE TRACK THAT AS PART OF THAT DISTRICT? SO LIKE WHEN THAT DISTRICT GETS CLOSED OUT, THAT MONEY GOES BACK THERE. IS IT JUST KIND OF TEMPORARILY IN A GENERAL FUND THAT CAN BE USED AS NEEDED? YEAH, I THINK SOME OF THOSE QUESTIONS WE HAVE YET TO DETERMINE, BUT YES, IT'S STILL PART OF THAT DISTRICT'S BUDGET. IT'S IF YOU THINK ABOUT THE ECONOMIC FEASIBILITY STUDIES WE DO, WE TALK ABOUT THE ADMINISTRATIVE PERCENTAGE THAT WE HOLD BACK. IN LARGE PART, MY UNDERSTANDING IS THAT'S WHAT THAT WOULD GO TOWARDS. WHAT HAPPENS WHEN THE DISTRICT CLOSES AND HOW THAT GETS MANAGED. I THINK THAT'S A QUESTION WE HAVE TO ANSWER. SO IT'S ESSENTIALLY EARMARKED IN THE PROJECT IS THE REVENUE COMES IN THAT. YEAH. YES. WHAT DO YOU THINK. THERE'S EXAMPLES OUT THERE FROM OTHER DISTRICTS.
THERE ARE OTHER AGENCIES THAT THERE ARE. YEAH. AND I'VE TALKED WITH A FEW JUST HIGH LEVEL. THEY DO EXIST. THERE'S A COUPLE IN PARTICULAR, A PERSON THAT I HER NAME IS ASHLEY SQUIRES. SHE MANAGES THREE DISTRICTS AROUND THE STATE. AND WE'VE HAD AN INITIAL CONVERSATION. SHE'S SOMEONE THAT I TRUST THAT SHE DOES. SHE'S BEEN DOING THIS A LONG TIME. I PROBABLY START WITH HER, SEE HOW THEY DO IT. SHE MANAGES MERIDIAN, EAGLE AND CHUBBUCK. I THINK IT WOULD HELP. I THINK AS WE ACCUMULATE BALANCES IN SOME OF THESE FUNDS, WHEN, YOU KNOW, WE PAY THEM THE 75% AND WE KEEP THE 25%, YOU KNOW, THAT WAS THE DEAL WE STRUCK AT THE BEGINNING.
BUT I THINK SOME OF THEM START TO LOOK AT THAT AS THEIR AS THEIR MONEY. AND WE ALSO NEED TO MAKE SURE WE HAVE ENOUGH FUNDS TO CONTINUE IN OPERATION, EVEN IF WE DON'T HAVE REALLY ACTIVE DISTRICTS, WE NEED TO BE ABLE TO CONTINUE IN OPERATION FOR SOME PERIOD OF TIME. IF THERE ISN'T AN ACTIVE DISTRICT. SO WE NEED TO I DON'T THINK WE'RE REALLY MONITORING THAT.
YOU KNOW, WHAT WOULD HAPPEN IF, YOU KNOW, CLOSED DOWN TWO BIG DISTRICTS ALL OF A SUDDEN AND DIDN'T HAVE ANY STARTING UP, HOW DO WE HOW WOULD WE GO STAY IN OPERATION FOR, FOR A FEW YEARS SO THAT MAYBE SOMEBODY ELSE MIGHT WANT TO DO SOMETHING? SO I THINK IT WOULD HELP US TRACK THAT, WHICH WE DON'T REALLY HAVE A FEELING FOR RIGHT NOW, WHETHER WE COULD REMAIN VIABLE OVER OVER THAT TERM. SO THAT WOULD HELP THAT. AND I THINK THAT I THINK THERE'D HAVE TO BE SOME TRACKING OF HOW MUCH CAME FROM EACH DISTRICT SO THAT IF THEY DO COME TO US THAT, YOU KNOW, WE'RE NOT, WE PROBABLY WOULDN'T WANT TO DEDICATE IT TO THAT DISTRICT THAT'S GENERATED THOSE FUNDS. BUT WE ALSO HAVE TO BE RESPONSIBLE FOR OUR OWN CONTINUANCE TO MAKE SURE WE CAN KEEP SERVING THE WAY WE'RE SUPPOSED TO. SO THAT'S A GOOD I THINK THAT'S AN IMPORTANT ONE.
I THINK THE GENERAL FUND IS IMPORTANT. THE RIVER DISTRICT IS IMPORTANT, AND I THINK THAT INCLUDES THIS. WE CAN'T WE CAN'T SPEND ALL THE MONEY IN THAT DISTRICT WITHOUT REALLY KNOWING, BECAUSE RIGHT NOW WE DON'T HAVE A BIG ONE THAT'S REALLY GOING TO PAY UNTIL ALL VENTURES DOES THE NEXT BIG ONE. MOST OF OURS ARE KIND OF JUST PROJECT BASED, MAYBE SKYLINE VANCHERI MIGHT HAVE SOME FUNDS, BUT I DON'T, I DON'T KNOW, PROBABLY MORE SO IN JACKSON.
[00:25:05]
BUT THE BIG ONE RIGHT NOW IS AFTER THAT IS STANLEY BOGUE. IT'S GOT ALMOST A HALF $1 MILLION AND NO ACTIVE PROJECTS, AND I'M WORKING WITH THAT DEVELOPER TO TRY TO CHANGE THAT.BUT RIGHT THERE, THERE'S A SHOCKING AMOUNT OF MONEY FOR FOR THAT SMALL DISTRICT, RIGHT? AND WE DO NEED TO KEEP TRACK OF HOW MUCH WE'RE KEEPING TOO, BECAUSE WE WANT TO RETURN MONEY FROM STANLEY BOAT TO THE TAXING ENTITIES. WE NEED TO KNOW HOW MUCH WE CAN DO THERE TOO. SO THERE NEEDS TO BE TRACKING WHERE IT CAME INTO, BUT WE NEED TO BE TAKING SOME OF THAT FOR OUR FOR OUR ADMINISTRATIVE COSTS. OKAY, SO THAT'S SOMETHING TO WORK ON, RIGHT? THAT'S GOOD. HOW ABOUT THESE OTHER ONES? DO THEY HAVE ANY THOUGHTS ON, ON SOME OF THE OTHER ONES? WE'RE ALL NUMBER ONE. I THINK THE PERFORMANCE METRICS AND THE TRACKING SYSTEMS AND WEBSITE IS ALL, TO ME VERY MUCH RELATED. THAT COULD ALL BE PUBLISHED ON A WEBSITE, BOTH FOR OUR USE AND EXTERNAL USE, AND UNDERSTANDING THE TOOLS AND PROMOTION WITH THE LEGISLATURE OF THE EFFECTIVENESS OF THE TOOL. THERE'S A LOT OF WAYS WE CAN USE ALL OF THAT DATA. IF ONLY WE HAD IT. IT SEEMS LIKE THE TRACKING THESE THESE REPORTS HAVE BEEN VERY HELPFUL AT ANY TIME. RIGHT? I THINK IT'S ALL TIED TOGETHER ON THE WEB TOO.
IT SHOULD BE WEB BASED AND IT SHOULD BE AVAILABLE. IT SHOULD BE A LITTLE MORE CLEAR ON THE WEBSITE WHICH WHICH TASKS HAVE BEEN ACCOMPLISHED AND WHERE THE DOCUMENT IS THAT SHOWS THAT IT'S BEEN ACCOMPLISHED. THE WEBSITE'S EXCELLENT AND WE'VE HAD IT IN PLACE, BUT I THINK WE CAN MAKE IMPROVEMENTS TO MAKE IT MORE CLEAR ON HOW TO FIND SEE EXACTLY WHERE EACH PROJECT IS AND WHERE TO FIND THE DOCUMENTS FOR IT. AND THAT MIGHT MEAN A STANDALONE. WHAT IS A NOT JUST A PAGE ON THE CITY WEBSITE. THERE IS ONE THAT I JUST REALIZED I THOUGHT I HAD WRITTEN IN HERE, AND IT IS NOT IN THIS LIST. SO I'M JUST GOING TO TOSS ONE MORE OUT THERE. AND THAT'S GENERAL FILE CLEANUP. WHEN I WAS STILL AT THE CITY AND THE CITY WAS DIGITIZING EVERYTHING, WE DISCOVERED AT THAT TIME THAT IF OUR FILES, WHAT SHOULD I FRAME IT? THEY WERE A MESS. JUST A LOT OF FILE CABINETS STUFFED FULL OF PAPER WITH A LOT OF DUPLICATES AND NOT A LOT OF ORGANIZATION. SO WE AT LEAST WENT THROUGH ELIMINATED DUPLICATES, SCANNED A LOT, PUT THEM IN A FILE. AND AS I WAS GOING THROUGH THOSE THE OTHER DAY, I NOTICED THAT THERE'S STILL QUITE A BIT OF WORK TO DO TO CLEAN AND ORGANIZE THOSE THAT CAN BE AN ONGOING THING THAT I JUST MAYBE WORK ON WITH, WITH, WITH THE CITY STAFF. BUT IT IS A THING THAT NEEDS TO HAPPEN FOR LONG TERM. THE INTERN YOU REFERENCED IS THAT A CITY INTERN OR A, AN INTERN OF YOURS? MINE. A POSITION TYPE THING. SO IT'S PART OF YOUR CONTRACT? YES.
YEAH. CONDITION WOULD BE A CHARGE ON THAT CONTRACT. OKAY. YEAH. WE DIDN'T. WE SHOULD MAKE SURE THAT OUR FILES ARE CLEANED, READY FOR QUESTIONS AND TO BE ABLE TO REVIEW WHAT WE'VE DONE.
BUT YEAH, THAT WOULD BE HELPFUL TO. MAYBE USE OF AN INTERN. YES. ALL RIGHT. ANY OTHER DOES THAT GIVE YOU SOME GUIDANCE? I THINK CLEARLY THE TOP TWO THINGS ARE THE TOP TWO THINGS. AND THEN AS FAR AS THE OPA CHECKLIST, I THINK I MEAN, CLEARLY THE PROBLEM IS THE OPA DON'T GO THROUGH THE SAME LEVEL OF CITY REVIEW AS PLANS DO BECAUSE PLANS ARE GOING THROUGH CITY COUNCIL. OPA'S DON'T. SO IT SEEMS TO ME WE JUST REALLY NEED TO MAKE SURE OPA ARE GETTING.
EVEN THOUGH IT'S NOT MANDATED BY THE STATUTE IN THE NORMAL PROCESS THAT OPA ARE GETTING LEGAL AND. AND PUBLIC WORKS REVIEW BY THE CITY AND NOT GOING. SOMEHOW WE'RE PUSHING THOSE THROUGH NOW. YEAH, I DON'T KNOW WHAT THAT ENTAILS, BUT WE CERTAINLY DO NEED THEIR INPUT. AND I THINK IN LARGE PART THAT THAT'S A THAT'S ONE OF THE SMALLER ONES TO TACKLE.
AND I THINK MEGAN AND I CAN DO A LOT OF IT FAIRLY QUICKLY. I THINK IF WE JUST FOCUS ON IT.
AND SO I DON'T THINK THAT ONE'S GOING TO TAKE A LONG TIME TO FIGURE OUT. THERE'S A FAMOUS LAST WORDS, BUT I THINK IT'S A MATTER OF JUST MAKING SURE EVERY TIME WE DO ANY OPA, THAT WE'RE SENDING THEM OUT TO THE RIGHT PEOPLE IN THE CITY. I DON'T KNOW WHO THAT ALL IS. I ASSUME IT WOULD BE IT'D BE LEGAL, IT'D BE PUBLIC WORKS. IT WOULD BE PLANNING ZONING. I DON'T KNOW WHO ELSE, BUT SOMEHOW WE NEED TO GET IT OUT TO SOME. OKAY. ALL RIGHT. DOES
[00:30:06]
THAT GIVE YOU WHAT YOU NEED, BRAD? IT DOES. THANK YOU. OKAY. IS THERE ANY UPDATE FROM RAY?[8. DISCUSSION ITEM: RAI and Legislative Update]
MEGAN? THANK YOU, MR. CHAIR. COMMISSIONERS, JUST A QUICK UPDATE THAT RAY ANNUAL MEMBER AND BOARD MEETING IS NEXT WEEK, TUESDAY AT 3 P.M. AND JUST A QUICK UPDATE ON AGENCY REPORTING REQUIREMENTS. YOUR STAFF IS DOES AN INCREDIBLE JOB OF GETTING ALL THESE VARIOUS REPORTING REQUIREMENTS SUBMITTED. AND I'VE CHANGED. THIS PAST LEGISLATIVE SESSION WAS THE LOCAL GOVERNMENT REGISTRY. THAT'S THE PORTAL THAT'S HOUSED BY THE STATE COMPTROLLER'S OFFICE. AND ANNUALLY, THE AGENCY HAD TO SUBMIT CERTAIN FINANCIAL INFORMATION AS WELL AS CERTAIN ENTITY INFORMATION BY DECEMBER 1ST EACH YEAR. AND THIS YEAR, THE DEADLINE CHANGED FOR THAT, AND IT WAS ADVANCED TO JULY 1ST, WHICH IS A PRETTY SIGNIFICANT CHANGE TO THE PROCESS. BUT THAT'S TYPICALLY IT WOULD BE IT'S JUST THE BUDGET, THE AUDIT.AND THEN THERE IS SOME ADDITIONAL INFORMATION THAT IS IS NEEDED. BUT I THINK I'LL CONTINUE TO BE IN CONVERSATION WITH CASSIE ABOUT THAT CHANGE. BUT WE SHOULD BE PRETTY GOOD TO GO ON THAT IN TERMS OF EXISTING FINANCIAL INFORMATION. SO THAT'S ALL I HAVE. YEAH, JUST ONE QUESTION ON THAT. I MEAN, IS THAT TO THE TAX COMMISSION? I MEAN, WHY DON'T WHY CAN'T THAT BE CONSISTENT WITH THE OTHER DEADLINES FOR FILING THINGS? IT SEEMS IT SEEMS LIKE IT OUGHT TO BE. AT THE SAME TIME WE FILE OTHER STUFF. YEAH. MR. CHAIR, THERE'S JUST SO MANY AGENCY REPORTING REQUIREMENTS AND NONE OF THE DATES REALLY MAKE A LOT OF SENSE. THIS ONE THAT WE'RE TALKING ABOUT NOW, THIS LOCAL GOVERNMENT TRANSPARENCY, THE LOCAL GOVERNMENT REGISTRY THAT IS ALL TAXING DISTRICT CHANGE. SO ALL ENTITIES ARE REPORTING TO THE STATE COMPTROLLER'S OFFICE AT THE SAME TIME. THERE WAS ALSO A JUNE 1ST DEADLINE THAT ADDRESSED AN ATTESTATION FOR YOUR POST 2016 PLANS. THAT WAS DONE, AND THEN YOUR ANNUAL REPORT SUBMISSION WAS ALSO DONE. BUT THERE IS AGAIN, A SEPARATE DECEMBER 1ST SUBMISSION CONCERNING PLAN AMENDMENTS, AND THAT'S THE ONE THAT GOES TO THE STATE TAX COMMISSION. THAT REPORTING REQUIREMENT DATE HAS NOT CHANGED YET. SO IT'S JUST THIS ONE FOR ALL TAXING ENTITIES THAT HAVE SHIFTED FROM DECEMBER 1ST TO JULY 1ST. OKAY. VERY GOOD. THANK YOU MEGAN. ALL
[9. Next Meeting: July 16, 2026]
RIGHT. I THINK THAT'S ALL. WE'VE COMPLETED OUR AGENDA. OUR NEXT MEETING WILL BE JULY 16TH, 2026. WE'LL DISCUSS THE BUDGET AT THAT POINT. OR IS THERE A MOTION TO ADJOURN? I MOVE TO ADJOURN. SECOND. ALL IN FAVOR, SAY AYE. AYE AYE. ANY OPPOSED? MOTION PASSES. WE'RE