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Finance department proposes terminals, e-procurement and staff changes as credit-card fees rise

5946627 · October 18, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Aurora's finance department told the committee it plans new credit-card terminals, an e-procurement system and two staff additions; the department flagged rising credit-card processing fees as a material budget pressure and said a policy discussion about passing fees to customers will be scheduled in 2025.

The Aurora Finance Department presented its 2025 operations budget and identified rising credit-card processing fees, new procurement software and modest staffing additions as key items for the coming year.

Chris Minnick, chief financial officer and city treasurer, said the finance department’s 2025 budget is about $7.7 million—an increase of roughly $480,000 or 6% over 2024—driven in part by higher credit-card transaction costs, subscriptions for new software and proposed staffing…

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