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Staff explains downtown spending performance, RTD EcoPass costs and accounting quirks in sales-tax report
Summary
City staff reviewed downtown financials and explained why some programs show low 'spend performance' (vacancies, EcoPass ridership), how credit-card-fee changes affected customer-service expenses, and how Saint Julien reimbursements appear as revenue under government accounting.
City finance staff answered commissioner questions about the Downtown Management Commission’s financial and sales tax reports at the Jan. 14 meeting and explained several items that commissioners flagged as unclear.
Elliot, staff member, explained the report’s “spend performance” metric: the city measures how much of a work group’s appropriated budget has actually been spent; vacancies and unfilled positions lower personnel spending and therefore reduce “spend performance.” Elliot said the commission’s asset-management program appeared at…
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