China has decided to ban Bitcoin yet again for the 1,000th time, what a surprise. So of course, because of the China FUD yet again, the entire cryptocurrency market has gone into the red for the day. Bitcoin currently down about 8%, Ethereum down about 10%, and everything else also down over 10% today. From a technical standpoint, the falling wedge pattern is still intact. We are still in oversold territories, and we still think that the reversal signals are there. Let's talk about this and more on today's video. Hey, what's up? Jay here and welcome to Bitcoin Daily bringing you guys the best tips, tutorials and ideas to help you guys become profitable and successful investors. The goal of this channel is to empower you guys with the knowledge and resources to take you up to that next level. If you guys are new here, make sure to consider subscribing to the channel as we are on our way to 10,000 subscribers. Don't forget to also turn on the notification bell and while you're doing all that, minus all smash the like button. Let's jump into the video. All right guys, so you guys already know what happened here. I don't, I'm gonna just do a quick recap, but we had basically a head and shoulders here pattern on the daily, which broke down here. This was the neckline, as you guys can see here. And we spoke about this on Friday's video. We spoke about this on Monday's video. So we've been speaking about this pattern for a while now. And as you guys can see, the breakdown led us all the way down. Now, we gave you guys the potential target if the breakdown happened and where it would be. And we told you guys $30,000 was that target. And if you guys look at the price here, you can see it went exactly where our target or price target was based on the head and shoulders pattern, if it went to completion. So now the question becomes, where do we go from here? What is next? What is the chart saying? Et cetera, et cetera, right? So the first thing here is if purely looking at the charts here, you can see that we've been going down in this downward channel, right? However, you can also see that this is somewhat of a falling wedge pattern. So if you look up what a falling wedge is, you can see here that it says that when a price has been falling over time, a wedge pattern can occur just as a trend makes its final downward move. Then it says the trend lines drawn above the highs and below the lows of the price chart pattern can converge as the price slide loses momentum and buyers step in to slow the rate of the decline before the lines converge. Price may break out above the upper trend line. So you see here a very similar pattern and declining volume. If you look at our current pattern here, you can see that it is, you know, sliding down, the price is sliding down and the volume is declining as well. Now what else do we see here? We see a huge wick line usually when there's a big wick that suggests exhaustion in the direction that it's been going, that buyers came back in and bought the dip. You can also see here that the RSI is yet again in oversold territory. Remember that the last time that we were in oversold territory was back in March when the pandemic hit. That is the last time that on the daily timeframe we were in oversold territory. What did the price do after that? It went up. If you guys zoom into the four hour chart, you can see a little bit clearer of what's going on. You can see here that we had this right here. This is a hammer. It could be called a pin bar hanging man, whatever you guys want to call it. This is a sign of reversal and exhaustion usually. And you can see after this we started getting started grinding up slowly. So we were right at the brink of this falling wedge. Remember yesterday's video I told you guys that $42,000 was the price that I wanted to see us go above. So yesterday we were dancing. We were right on the edge, right on the cusp of that breakout, which I believe would have broke out and above $42,000 and continued up above this Fibonacci line. That would have been the confirmed breakout at that point. However, while we were kind of, you know, just kind of dancing there with it, we got some more fud China news today. So what's the news today? What's going on in the market today? Oh, nothing. China is banning Bitcoin again for the $1,000 time. So it's the usual guys. This is nothing new. They're literally reiterating news from the past. So if you look here, this guy from Bloomberg says China reiterates call for crackdown on Bitcoin mining and trading. And you can see the frustration in people as this guy says, how many times can the same headline try and push the market down? Guys, this same headline has been hitting us for about three days straight now. They just continue to reiterate news. That's not news. This is old news. And they're just continuing to reiterate it and put it out to continue creating this fud, creating this fear, this panic in the market to continue pushing this down. Remember that China does the most mining in the Bitcoin market, right? They own, I believe, the biggest mining pools that there are. And they're purposely pushing the prices down. Why? Why would they try to be pushing the prices down? I don't know. Maybe to continue buying up prices, the coins at cheaper prices to continue having the power to manipulate the market at any point in time. If they're able to get enough of this, of the power to manipulate Bitcoin, then let's say that years down the line, countries start to accept Bitcoin and start putting it into, you know, using it in everyday life. If China has the majority of it, if they have the majority power, they'll be able to threaten different countries and be the number one power in the world, really, right? And remember yesterday's video that we spoke about these elites, this group of elites in China that are manipulating the market on purpose to make a lot of money and to try to bankrupt people that are against them. You got to keep all this in mind. Now this is going down that rabbit hole of conspiracy theory. So, and I don't really like to get into it that much, but it's just kind of frustrating that the same headlines continues to affect the market, guys. And you guys continue to panic and, you know, sell based on this headline. Guys, this is the same headline. This is nothing new. There's nothing new here. They're purposely putting out this headline and selling put on a lot of sell pressure on the prices to make people sell. That's it. And then they're just buying it up. Once it gets to the price that they wanted, they're going to buy it up cheaper prices and shoot the prices back up. They're going to make more money and they're just going to rinse and repeat this process. You can see here that lots of the recent selling was done by investors that bought Bitcoin during the last couple of months. So what does this mean? This means that people that bought around a $30,000 range are the ones currently doing the most amount of selling here. So this is all part of the market, guys. Bitcoin has been doing this for years. This is nothing new. It likes to shake out new people, likes to shake out new investors, take them out of the market. And then when just as people are giving up hope and thinking that it's over, that's when we will see a huge move to the upside. I'm telling you guys, this is from experience. That's why in order to be invested in this market, you need to actually believe in this. You can't just try to be in here to get rich quick. You can't just be after the money only. You have to genuinely believe in this project, believe in this system and believe overall and not pay attention to the short term and the day to day moves. You got to be in this for the long haul. If you guys aren't in this for the short term, you will probably not survive. You will probably get shaken out with fear and panic because of how the market is moving. You can see in the fear and greed index today, we're at 19, guys. And the day before, we were at 11. So this is, we're in the extreme, extreme fear. These are levels that we haven't seen in the past year. This is the lowest level in the past year. If you look back from 2018, all the way here, you can see that in 2018, we also hit this mark. We were right around this 15 mark. We reached this mark a few times. The lowest mark that I see here, let me see if I can get it, was on August 22nd, 2019. The last time that we were this low was during the pandemic, as you guys can see here. All right. So let's talk about some possible trade entries over the weekend if we get this bounce this weekend. Remember that on the weekends, there's less volume. So price can be moved a lot easier. So you have to be careful entering trades over the weekend. Price can definitely move in either direction here. Remember, guys, if you're new here, make sure to smash that subscribe button. Guys, we're almost at 9,000, we're just a few people away from hitting 9,000 subscribers. Don't forget to turn on the notification bell. And don't forget, most importantly, to smash the like button. Let's all smash this like button together on three. You guys ready? One, two, three, smash. All right. Now that we have all smashed the like button and subscribed to the channel, let's talk about some possible trades here. So what I'm looking for is still more or less the same thing. I want to see a breakout out of this falling wedge here. So the possible entries are going to be above $40,000. That's going to be the first possible entry where we'd be seeing a break above the falling wedge, which can lead us back up to 42K in this Fibonacci zone, which if we can break above that, then I would say that that's a confirmed breakout and we can potentially at that point see $48,000. So that entry is going to be there at that $40,000 mark. If we go lower, now lower, I'm probably not going to be entering any looking for any trades to enter. I'm only going to be looking for long-term entries here for long-term positions. So the $40,000 entry is for a short-term leveraged entry. If it were to go down, now the bottom of this channel of this falling wedge channel is around that $34,000 to $32,000 range. But if we go this low, we could potentially even test $30,000 So I'd be dollar cost averaging if we got around that $32,000 to $32,000 range. If we get to $30,000, I'm also with dollar cost averaging there. So those are the levels that I'd be looking at. So on the way down, I would dollar cost average for long-term entries on the bounce up. I'd be looking for an entry short-term leverage entry above $40,000. Remember to risk very small amounts here, guys. You don't want to over leverage yourself. You don't want to risk too much. The market is very volatile right now. So you want to minimize your risk for the moment. All right, guys, that's a wrap. We've covered the analysis on Bitcoin, the possible reversal signals that are popping out currently on the charts that could lead us hopefully back above $40,000 this weekend. We also gave you guys a possible trade entry that we will be watching for if we can get that pop right back above that $40,000 range. Thank you guys for tuning in. Make sure that if you're new here to subscribe to the channel and turn on the notification bell. And everyone, make sure to smash the like button. You guys have been killing it on the likes we've been getting around 200 likes per video, which is definitely the most likes we've ever gotten on so many consecutive videos. So thank you guys again. It's a wrap for today, guys. Let's hopefully make some profits this weekend and I will see you on Monday. As always, guys, peace and love.


Hey everybody, my name is Brian. So I'm a software developer and I recently got into options trading and This first little bit is just a simple disclaimer. Well, two of them actually I was recently hospitalized So I'm still recovering so I'm gonna try and keep this video short and all in one take So forgive me if it's a little rough and not edited. I just want to get this out there Second options traders don't know development. So parts of this video will not make sense to you because I am a developer talking about development Although they are some things we're going to talk about options related And if you're a developer, you may not know options. So you may be going what is all this nonsense because it just looks like gibberish It's like the day you first started writing code. Everything just looked like ancient Egyptian algebra So what are we talking about here? Well, we are predicting SPX and what do I mean by predicting? I mean within $20 to laser pointer accuracy where this is going to close Well in the past meaning around noon I want to know where this thing is going to close and if you're an options trader, you know that that is a massive massive advantage Because if you know where that's going to close or even within a certain degree of accuracy, you can make a lot of money very quickly I am not some financial wizard. I'm not a huge guru I'm just a developer that's trying to understand this so SPX if you don't know is Constructed or it's a calculated index. It doesn't actually exist. You can't go to the store and say I'd like one SPX Please it doesn't work that way. It's actually calculated off the S&P 500 Now me being a developer goes well because it's calculated. It can be reverse engineered That's actually something I went in a previous career Specialized in is writing software and reverse engineering software using of course math Ah math Everybody hates math. Anyways, so I've built something I call magic eight ball.  Yes, you know Something like that It for the first models were literally that hit and miss but the newest models are really refined So let's just enough jabbing let's dial in Let's take a look at this Okay, if you're like me, you're immediately going I call BS on this This is complete rubbish and you're trying to sell me something honestly. I thought I was just on too much medication when I started down This road here's a quick log. This is from Friday and we're gonna go over the chart and the code and all that stuff But this is from 2020 to 85 literally last Friday So pay attention especially to this column G difference We take the closing price and the prediction and we get the difference of those two So at 9 30 in the morning, we're talking market open.  I am $13 off That's right It just within $10 actually within $20 for scroll up here Wow pretty much the whole day. Okay. So the first time we're over $20 off is actually 10 39 Eastern Standard Time That's kind of nuts. So I thought that maybe this was just some weird math glitch or something I'm not saying I'm some super oracle wizard that can calculate everything. I'm just saying this is something I've stumbled upon and I'm exploring it. So here's a simple chart You have calls and puts with the price of the middle and then this green line is the prediction So the yellows the price greens the prediction and you can see how they kind of are spread apart And then as the day goes on a wham they snap together and right around 10 30 noon ish somewhere in there Eastern Standard Time the prediction model just shows a straight line mostly and it knows Wham right where it's gonna go This is what I'm talking about now if you're an options trader Your mind probably just went what cuz as a developer my mind just went what? alright, so What kind of trades can you do with these well a lot? So let's just flip into some of these trades here So some of the trades that we can do using options strats We can do like a vert obviously right and that this is solely for developers that may not understand this So here's like the price and if we think it's going this way We can make money and we think it's going that way we can lose money So it's kind of like an a light switch on off you win you lose. It's pretty simple to understand But because you know where that's gonna go you can say hey if it's gonna be here Actually, if we think the closing price is gonna be here. We can make this and end up with some money Additionally if you're not good at just saying you know coin toss accuracy picking a direction You can do it's called an iron condor which you think the price is going to land in some range this is Code that I'm talking about is beautiful for this because you can actually see as it ranges around whether or not your condor is gonna Stay relevant and it's actually helped me hit the eject button on a few condors when the market got crazy all of a sudden And of course it can do a broken butterfly, which is really brilliant. I just recently learned this I'll talk about the group that taught me this Just love this trade. It's absolutely amazing for this strategy here All right, so let's let's pull up thinkorswim So this is Friday that log that I showed you we have different analyzers, right? And these analyzers just look at the market. They look at like all of the Greeks like you know Delta theta gamma so on and they look at volume They look at price profile price history and so on and they try to make these predictions So here's the actual chart from Friday. Who do do do do and this is typical stock market, right? This is why options traders typically are like stressing and they don't like being in a trade very long because the more time You're in a trade the more risk you're assuming. I mean it just I mean look at this. I actually traded this with a vertical I entered a very here Saying it would be above this spot And of course the market said denied and it went down But using the magic eight ball system I was actually able to wait and wait and wait and then it came back up here and then I closed the trade It did dip back down in touch, but then of course went up here This kind of goes back to the you know following that prediction line where we think this is gonna go All right, so different analyzers and actually two of these are right on top of each other Let's kind of just separate them So we've got you know raw volume We got a Delta analyzer where we're looking at the Delta strikes of the options chain Gamma or you know gechs basically Gamma exposure and then we're using the magic eight ball and you can see some of them are not Super accurate like volume was way off Gamma was a bit off, but like node analyzer 4142 to 4145. I mean look at this. It's boom This right here magic eight ball is the what you saw in the actual log this guy There's a reason I don't have all these other logs I literally just wrote them and I'm in the process of upgrading the reporting engine so if you have this kind of information around say noon all of these option trades just become New be simple. I mean I can do them I can rail out condors all day long and it's kind of blow in my mind because I suck at options trading so How do we get here? How did we get to this point?  So this is visual studio code. If you're an options trader, you're like, what is this thing? For your developer you feel right at home. So this is visual studio code. It's a code IDE or integrated development environment This is what developers look at all day long and this is where I love being so I've got just a simple python application here And this is very rough in prototype stage and here's the volumizer package that I'm working on here And you can see I've got some actions analyzers core thinkorswim. This is what I'm using is the thinkorswim API and Utilities so if we just kind of like crack open one of these so the core of the system really is We're using thinkorswim to pull the options chain down and we can actually like pull this file open here I'm not giving away any secrets and then we're doing a lot of math and I mean a lot of math and Especially doing like volume profiling and going through and figuring out how this thing works to generate a prediction Now if you understand computers, you know that you can make more than one prediction Meaning you can't just say hey, this is the one and only prediction You can actually make hundreds of these things and that's what I'm working on actually is because I wasn't happy with just one because you See it's off where you can make others So what I'm really focused on now is upgrading all of this and Getting these analyzers in here they are To actually work Together to figure out where that price is going to be because each one is inspecting a different part of the market here So like the Delta analyzer looks at Delta the gamma analyzer here looks at Gex and so on and so on And then you've got the magic anal magic eight ball analyzer I'm gonna make Dozens if not hundreds of these but I want to kind of combine them all into one analyzer to rule them all That will tell me pinpoint accuracy every single day where that market's going Now is this even possible? I don't know. I just know that SPX is a calculated index and because it's a calculated index you can reverse those calculations back to their Building blocks and figure out what's going on in under the hood Again, this may just be a fluke but as a developer. I don't like dealing with flukes I don't like dealing with you know numbers that are slightly off I like things being laser pointer hacker and there have been days where it has been literally right on that line So how do you find out more information? Well, I've been a part of some groups here and I'm gonna go over those real quick So, how do you find more information? That's a great question I'm sure I'm gonna get a lot of questions first is probably gonna be can I have the source code? No I'm I actually thought about open sourcing this and a friend of mine talked me off that ledge and said if you do that Somebody's gonna turn around sell it copyrighted and you will lose your code So I'm gonna keep it close to myself I may invite other developers to help develop this in the future watch my YouTube channel This is where I post all my programming nerd stuff here That being said If you're developing you're wanting to know more I will most definitely in the future try to post videos about it in my YouTube channel If you're an options trader There's Ernie's zero DTE group he specializes in a very specific style of trading he specializes in Butterflies specifically end of day butterflies that are super super narrow. Let's see if I can get this thing to work There we go So he likes doing these super super narrow butterflies and called pinning the trade and sometimes he's accurate sometimes he's not I'm not gonna discount Ernie. He's a great guy. I've talked to him a few times I used to actually join I used to actually be a member of his group and his groups great, but they do focus Specifically on just this kind of thing right here. He has this whole I won't give away his secrets This whole asymmetric risk principle, which is actually pretty brilliant It just really isn't aligned with what I wanted to learn I wanted to learn Everything cuz let's face it. There's a lot to options trading and me being who I am needs to know the details of all these little things But sometimes, you know, I'll go into Ernie's live stream And I'll you'll actually see me in the comments a magic eight ball says, you know, whatever the price is and It's just fun kind of competing with Ernie because sometimes he's better than I am sometimes my program's better than he is and you know Mad respect this guy's a professional trader and I'm just some guy with a keyboard There's also Axe options, let me pull up their page here. This is the group. I've joined now. You probably know her on YouTube is Arian these are Super nice people. I actually kind of consider this my second home. I have their discord channel up 24 7 But if you're interested, this is where I'm actually at axe options You just search it axe options and you go to about and then join and They're bringing to this page and yes, it's gonna say credit card number because sorry folks. This is not free This is a paid service of professional traders that help each other out And that's exactly why I joined to this group Because I want to know all of these things and I want to understand them and the folks in that group are awesome Here's the actually the group. I'm not going to drill into the group because I don't want to give away their secrets But it you can see right off the bat. It's a very welcoming Welcome to welcome. I mean how more welcoming can you get? That's just awesome But we have a channel in here where we actually talk this stuff and I'm putting magic eight ball predictions Where is it? I'm putting these predictions in there. I try to do it hourly So if you're an options trader, that's where I'm putting the prediction is in the axe options group and There's a specific channel in there that I'm just once an hour dumping these predictions to and then I do an end of day report It's actually literally this report And we talk about this all day long and there are folks that are like man That was close or hey, it could have been better if and you know, this is why I'm in there as a developer a lot of those Folks know options, but not development and they're giving me ideas information and feedback that I'm then converting into code And through trial and error trying to get this thing to work Whoo, that's a lot of information and I'm still recovering so I hope everybody's doing well, and I hope to see you soon Again, I may do some more videos on this. I don't plan on open sourcing this I don't plan on emailing the source code or showing anyone the source code to prove this I'm just gonna keep working on this and at some point I may actually develop a web front end Or a mobile app Or I may even you know start allowing this thing to shoot information to other discord channels, you know like just Hook into a special I think it's called a web hook Where magic eight ball could just send the predictions to a certain discord channel So that's it um questions comments below. I'll try to get to them. I'm just I'm still recovering Uh, I just thought this was interesting and I was wondering if there was anybody else out there who's also doing options trading and development Talk to you later. Bye


Okay, good morning everyone. So we're down today, that's great. I do like the banks. I have Schwab up here. And we can look at JPM and also Goldman, but we might be doing this. So, wow, I liked this the other day. We could have done this yesterday actually. We had the square. So let's leave the market be this morning. Q's and the spy do not look the same. It's bad for markets. Just adds to the confusion. Okay, let's watch Schwab and JPM and I don't know which one I'm doing. Not no. Let's do JPM. 125.90. Let's do, let's do 90 by 90 JPM and if this doesn't trigger I'll flip to Schwab. 90 by 90. I don't think I have to lean on your keyboard today. 90's valid. 90's still good. Just wait. No one should be in anything yet. Goldman has no volume. I don't know what the heck. We had this, we contended with this the other week, remember? Then we missed the perfect entry and now here it is again. No volume. Bizarro world. Okay, just wait. Just wait here. Actually I had a good week. Really hit it out of the park the last couple of days so let's just be super duper patient. Super duper patient. Maybe we should do Goldman. 311.30. It's three dollars. Geez. This is exactly what happened that other day. We wanted to do it. It opened late. I questioned it. It went. The volume was low and the stop was big. Here it goes. I don't know what is up with this stop. I'm not in it. I'm not in it. You could do it with the stop at 311.30 if you want. I don't know. I think we've got to find a better entry than that if we're going to do it. Strange. All right, let's go back to something else. So let's do 85's a stop. 99 by 85. JPM if it hits. But I'd rather do the first hit of something. Let's go back to Schwab. Just waiting for something good here. 52. 50. I have no idea what we're going to do. I'm not in any trades yet. Just got to wait. Sit and waitin'. Sit and waitin' on a tree. This spot looks great, but I really want to stay away from the market. We're doing it too much. Way too much. Okay, Schwab 52.60. Stop. Do not have the entry yet. Okay, 85. Let's do 99 by 85. JPM. I'm just waiting here. I don't know what we're doing yet. 309.60. Let's do Goldman. Right in here. 20 by 60. 20 by 60. We're squishing an entry here. 20 by 60 Goldman. You can do it right in here now. And it's 309.60. 309.60. I think we're going to be okay with that. I hope. 40 cents. 50 cents. Let's put it at 65. 309.65 is a stop for Goldman. All these banks are going to be the same. We're all going to do the same. So let's see what happens. That's just spreading. It's just changing so much. 70 cents. Should we give it 75? Let's give it 85. 309.85. Just because I don't want to get dinged out. So I said 60. Then I said 65. Let's give it 309.85. 309.85 and I'm going to write it in the room so you know. So I'm in Goldman. It's super duper weak. The volume's there and if you didn't do it, you can wait. And if you want to do it here, you can. You get a better entry than I did. It stops 309.85. But if you're going to do it, I would do it before it breaks 308. So that's my two cents here. It's going to break 308 soon. So a tricky morning. Why? Again, stuff going on overseas with the banks. Creating havoc. I'm going to leave JPM go. But if everything goes, this is going to go. This again, we could have done yesterday. I did see it yesterday. Spy looks good, but I just think we're doing the market an awful lot lately. I'm just going to leave it. It's going to leave that thing be. And the cues looks completely different in the chart than the spy. That's problematic for the overall market. So if you did not do this, but I did, you can do this right in here still if you want. It's very, very spreading. I would do it. If you're going to do it though, before it breaks 308, let's just get in and out super duper quick and have a beautiful, beautiful Friday going into the weekend. It really was perfect this week. Monday was a difficult day, but I thought about it all afternoon. It's focus, focus, focus, focus, focus, focus fast trades, focus, focus, focus, focus, focus, focus fast trades. And we can conquer any market and we can make money in any market. So that's all we have to do. My keen eye is getting it. So no real consequential data this morning. I don't think, but I can double track in a little bit. So I'll take anything here 30750 307. Again, we must get out of trades fast 50, 60 cents a dollar on a Friday. I'll take it, but if you're going to do it, you better do it soon. 945. I don't think that's a big number, but right now, anything could do anything. It's a critical time. It's a critical time. I knew we're going to make money today though. You know why? I want to hear a funny story. So I started walking in Central Park this week. My first week, I've been here for four months. Yesterday at rain, I couldn't walk today. I walked even that was cold and damp and I saw a dog. I swear to God, I took a picture, but it was like the back of the dog. I saw a dog that looked like Bootsy and Bootsy was a mutt. Bootsy was like a mix of a couple different dogs. I'll have to find out for my friend what Bootsy was. I said, Oh my God, that dog looks like Bootsy. And I saw it on my walk this morning before we trade. I said, today's going to be a good day. Our good luck charm. Okay. Did we have a number? No, 945 is a number. What was the day that I liked this and we didn't do it because it openly and then it went off the planet? What day was that? Oh God, that was like so annoying. Here, if you didn't do Goldman, you could do this. You could still do this. I was thinking about it. Here, this is going. 125.90. I put the stuff at 125.90. It's tempting here to do both. Where did this go? That's already going 125.90. If you want to do JPM, here we go. Goldman's going to, if you want to do this, if you didn't want to do Goldman because of the price point, you could do it now. It's going. Hello. It's so tempting to do the market. It's screaming my name, but it's been bumping around. I'm going to look at one trade here. Goldman, Goldman, Goldman. Stay with this. Stay with this. We're getting it. I'm just looking at a quick option here. We're almost at 307.50. If you want to get out, but we have the market with us. Can you believe it's almost April? Where on earth did this month go? This was a, this month just went so fast. Here. Here we're almost at 307. I'm going to look at that later because I don't want to miss my exit in this. We can do a late trade in that here. Goldman Sachs, 2307 and a swoosh down and we'll be out soon or you could take it right here. Show again. Fast trades is the name of the game. It's the name of the game, 20. This looks so snaily though, doesn't it? Oh, JPM is really going to do this now. We can't wait here. I'm going to send out an options trade staying this Goldman. I don't want to miss my exit on this though. We can't wait or it's going to be too late. I didn't really even have time because I was in the park. I didn't really even have time to read exactly what the scuttlebutt was today. You're afraid Deutsche Bank is going under? Was that what it was? Salibutzi dog. I don't know what the rules are, but there was a lot of dogs not on leashes. I guess there was not a rule in Central Park. Some of them were scary looking dogs that I tried to steer clear from that were not on leashes. I guess you're allowed to have a not in a leash. I don't know. 18. Well, there's got to be some kind of rule. Here, like actually, one was a German shepherd. Woo, beautiful, beautiful, beautiful, beautiful, beautiful. We're going to be on this any second. Bootsie. Great day. I'm done. Let's see if the number came.


here here here present yes yes for all that you've done for his lord for health and strength all the potential you've given to each of us and of course to the city of ours that continues to expand itself in a very positive way bless us let's this meeting that we gather here today to discuss the issues of this city and particularly our budget bless us and keep us we ask it in your name and every heart said amen Brennan just asked me if this is all I already gave us so it's going to look very similar but we want to have the opportunity for any remaining questions to be answered etc and a memo that you all utilize with your constituents going forward to what's hopefully the second reading of the budget final reading on so with that we'll begin the FY 22 23 budget wrap-up with Missy Kaufman budget program management grants director good afternoon thank you miss Wilson thank you mayor as miss Wilson mentioned some of this material obviously will be familiar from last week's conversations and the conversations you've had over the past month those department heads have presented and as we've brought you different pieces of information covering our fiscal year 22 23 proposed budget so what we've tried to do now is is be able to be able to highlight those things that are calling out some things that are maybe of interest and summarizing a few other points I will go through as much detail as you were interested in on this information that you have or and can skip through those areas that that we have already covered so again the proposed budget for the operating budget is 391 million and our capital improvement program budget for the coming year is 52 million what we wanted to point out as well in this discussions for today are highlighting various things and they're included in the budget or provided for in the budget that address city council strategic objectives starting with economic development of course we yes sir no so there's no general fund capital projects yet those that conversations coming in July this is right that's not it's just what's been presented and moved forward at this point you're coming back in July for additional discussions for other that's a good point we can do that so again highlighting a few things from the strategic strategic objectives and starting with economic growth of course discussions regarding restructure of economic development functions to focus on business recruitment retention initiatives to promote a business friendly environment there's a restructure of the department and those services and consolidation of existing resources safe communities competitive pay plan for police officers of course the attraction and retaining of police officers has been a top priority for this council and city manager and chief so this pay structure is designed to help be able to attract and retain our police officers planned upgrade of our body worn cameras which includes body worn cameras as well as some other components that makes for sort of more of a streamlined process all the way through our tasers and other other other connections with our police department's equipment rollout of the upgraded city city wide security cameras it's about a hundred and sixty different camera boxes in each box contains multiple cameras so again that's a multiple number of cameras throughout the system throughout the city which helps to complete the rollout and upgraded of our our utilization of the real-time crime center and then accreditation renewal renewal for our 911 emergency communications and our fire department are both going through reaccreditation this coming year just for the good of the group I know that we discuss the restructure of economic development in the committee I didn't know has everyone has the full council been updated on that at some do y'all care yeah I was gonna say I mean I know that we discussed it in the committee but the new structure if someone could go over the new structure for the council members who aren't on the economic development committee and one of the work sessions we did touch upon it and maybe we need I pull it up and highlight it but it's essentially and I think I've talked to you all individually about the structure focusing more as you all referenced in your presser yesterday a focus on project manager to start off with a recruiter and a real estate manager those would be the three FTEs associated with economic development going forward and I think there's been a thought process to see how we do with that number of project managers and recruiters to start with and if it's working well based off the energy that I think you all are trying to generate the renewed focus on the business friendly initiatives and getting the conditions right for growth and development then we would entertain adding additional positions as we go and into the next budget season but right now that that's where we are the first person let me ask is the initiatives yes and the persons coming on board the three person the three positions that you just named how identify both in terms of their job description will they will they do I mean I know what a real estate person does how would how does that relate to the job those three positions so I think they stop the discussions we've had with you all in the committee and then the directives that we've been given a staff to implement the business friendly initiatives there seems to be a focus by well the committee and so I hadn't heard any other anything otherwise from the full council to really have a hands-on approach to a project manager with any development any small or large businesses that just focus on retail and hospitality and restaurants and so the recruiter would go out and look for these opportunities and bring them to Columbia and once they're here if the conditions are right the project manager really ought to shepherd those those opportunities through for a potential developer or whomever it might be I think the real estate focus is not only internal to the city as far as opportunities for parcels we may have there's been a lot of talk about affordable housing and infill in Columbia and I think that there are related entities who hold parcels in Columbia that while the city isn't a property owner and can't mandate anyone do anything we potentially could be in a position to help facilitate whether it's churches or whomever might have all of these parcels that they're sitting on that could be right for development we don't really have someone right now who's focused on that every day really marshaling the opportunities through going to potential property owners and suggesting that would you be interested if you've got a private developer who wants to infuse capital into the situation it could potentially be a win-win for not only us but also other property owners who may be sitting on parcels so those are some of the things that were discussed with me as far as the role of the real estate manager you may want to talk more with your colleagues that a Mr. Taylor had a lot of input on this and the mayor has definitely been working through some ideas I know with the parcels and promoting affordable housing infills so that's where the the information that's the way the information was presented to me positions we don't have currently a project manager or recruiter or real estate manager in the economic development office we're not looking to add personnel over where we are today correct it wouldn't necessarily be existing personnel there would be existing positions that would be reclassified I guess the reason I'm asking is that we're on the final leg of those budget concern that's already included I mean I'm not a part of the economic yes sir part of absolutely and you and I were presented this to you on your staffing report that I gave you all I think the last time it shows if you go to the economic development line it shows how many FTEs were in economic development previously and then what's proposed but it's really I think a net really and there's gonna be one less position to be honest with you in economic development because they used to have a communications person and when we talked about streamlining with communications with public relations and the different functions that you all felt were kind of scattered throughout the departments one of those was a communications person in economic development and so if you recall that Reverend Dallard the retreat one of the discussions was about making sure there's this consistent brand even when it comes to economic development and so as we were going through this process we said okay well that communications position is vacant and so we can move that position to public relations and of course the public relations component is going to have to have someone dedicated to the economic development collateral and the different materials that are going to also have to be developed no they're great questions no great questions right well no all I was saying is but no that's why I brought it up because I realized we discussed it in committee but after we made our announcements I realized everybody on council didn't understand didn't understand everything that went on that's what I'm saying yeah in the midst of our final leg of I want to make sure that all bases are covered and not talking about an amendment if that's not the case let me can I just let me clarify I think I can help you I think we pretty much kept the budget the same as last year in that correct there's no increase that's what I say it's about this is the same it will be a kind of a reshuffling of positions and personnel we're looking to probably relocate hopefully relocate the office from the truest building into City Hall but they have direct access to city management and city leaders I think what you'll end up seeing happen is where we may not replace some folks that who have left that may fall into more travel budget than we've had before we're gonna go get the capital it and guess what we're gonna go do we're gonna go tell the story yeah but that's that's the most important I know and that's what this is about and I don't think you all made an amendment to this agenda that I hadn't I needed for it said organizational the executive session item that needed to be added so I would like y'all to do that and that will maybe help shed a little more light I don't know that we need to keep going down this path right now about the positions but to your point Reverend Dow as far as the bottom line budget number the number isn't increased no sorry but the positions are different and that's something that I think it obviously requires some clarity by some of you all so I had added that to executive session but I don't think y'all made that amendment for me I'm glad Ms. Herbert brought it up thank you I have a question the build project manager position we have a project manager now is that the same position we're just gonna relocate it if I if we could talk about these things executive session that would probably be better but that that person is a business liaison that I think you're talking about Mr. DeVall and yes that's a very similar I will withdraw that question and I don't know does he need to make the most amendment now or is that before they at the end is that okay well Erica was saying okay thank you so you want to do that now Mr. Mayor I move we go into executive session for discussion of employment of an employee pursuing to seco 30-4 that's 70 a1 organizational review and then I amend my motion to say that it is added to the agenda brain fog rain fog it's a true thing I can tell you I just wanted to make sure you all get it in the right order yes I appreciate that second hi yes hi what are we voting on we do it I'm ending the measure I want to make sure we're in order we are in it I'm ending the agenda you're mending the agenda to put in an executive yes and then and I will repeat that yes yes I thank you communications centralization of existing resources has been discussed with regards to focusing on citywide marketing and a our social media platforms to be able to focus on branding consistency in our branding and marketing communications and of course as Miss Wilson mentioned being able to focus on our real estate and economic development initiatives as well beautification and appearances with three code enforcement officers that are added into this budget those are new positions of course they will be focusing on addressing blight nuisance informant enforcement and neighborhood improvement sweeps there's one focused for residential as well as commercial yes sir I had somewhere written down we were adding for yeah though I'm trying to think of where the four came from but it's three that we've added for this year okay and tell me again there was what you just that they are that their focus of course is addressing blight being able to proactively address code enforcement issues before they become issues as well as some of the neighborhood sweeps thank you miss Wilson and also under this category just referencing the contract of how it works has with keep the Midlands beautiful which of course utilizes community input for beautification projects I'm having community engagement in those areas and others of account of interest to city council so those are a couple of things that we're doing that that address the public's input in helping to keep our city clean missy question about that you mentioned contract what is the amount of that contract 20,000 20,000 annually yes sir is this I mean is this our approach that picking up litter and I mean was no that's just a minute ongoing coordination with them that we have done in years I think the discussions is there will be more conversations of expanding some of these some of these types of activities this is just an example of the funding for those examples that we want to get to the litter control citywide is that funding buried in the public works budget specifically so one of the items on your follow-up discussions for the July conversation is some additional allocations from the from for some sub supplemental projects that would be discussed at that time so this budget here is basically maintaining some of our services this is just one of those areas this regard to litter these are just two examples of addressing for my brain for the partnership with keep them beautiful is that $20,000 coming from them to us to them us to them I also want to note for the the record that in terms of beautification appearance something that we talked about under the facilities management budget was to continue to make sure that our buildings look good and our sparkling clean and pressure wash so I'd like for that to be reflected as well that's a good point as well as park our parking garages and the work that's coming down our parking garages is another another good point to add there thank you and of course moving on with our built infrastructure we are doing the capital replacement which is built infrastructure but it is part of our capital program and then the capital improvement program for our water system our wastewater system storm drains and our parking system are reflected in this budget and as Council Mantella has pointed out we'll be discussing general capital projects in your July council meeting as well and of course vibrant community city council reinstated the hospitality tax committee of course many of the programs and events that are funded through the has hospitality tax committee add to the vitality of our city bringing in tourists and helping to promote all the wonderful things that we have going on throughout our community and then reinstated community promotions grant we will look forward to conversations with city council to talk more specifically about the type of activities you would be interested in funding that meet city council strategic strategic outcomes all right of course we like to point out that the budget supports a number of our sir our entire organization just a little bit of city by the numbers as we like to call this slide and information about the different components of our of the city's operations moving on to the general fund I know this was of a particular interest to city council and so I'm following along both on the PowerPoint some of this is the same some information you've seen before some of it's just consolidated a little more compactly so that it helps to describe some of the inclusions in this budget as well as some of the increases so if you're following along on the memo is slide 3 page 3 or slide wise is slide 9 of course as we've pointed out the proposed general fund budget is 164 million this is a net increase of 9.2 over the next few slides we'll talk a little bit about what's made up that 9.2 million dollar increase in this proposed budget in terms of our revenues just sort of highlighting that property taxes and business license and permits account for 77% of the total general fund source of revenues the transfers in our budget at 22.9 million which is a slight increase of 711,000 a right at three and a half percent comparatively the transfers in is about make up about 14% of our total budget income in the general fund which is in line with prior years make it focus too much on this slide this is comparing our expenditures to the current year budget of 155 million to next year's budget of 164 as pointed out the person the different categories of the budget and now I'm moving along in the memos highlighting slide starting in on page 5 the the different categories of the budget and while we're showing this some breakout of the categories in the general fund all the departments all of the different funds with have these different categories of cost personnel supplies services capital non-departmental and transfers out in the general fund 68% of the or 63% of the total general fund budget is for personnel services and of that 63% about 38% is for fringes of employee cost and of course the general fund supports the the general services of the of the city if you will police department city portion of our fire department 911 parts recreation municipal court emergency operations general management information technology HR the different functions community and then the general fund portion of community development in our development planning services this Wilson I want to talk about the public works line item is it can can staff prepare a maintenance show us a maintenance plan that shows us how we're going to catch up with our not with the way our roads are littered everything I see the nine and a half percent increase did we budget more for for more manpower more hours committed to that it I mean it's city-wide so it's of course at the end of the day DOT supposed to do it so we have to shoulder it and I just want to make sure that we have a working plan to address that because I think that is one of all of our concerns I would say that because public works is so heavy personnel and it's been accomplishing this budget is going to accomplish any of those increases that we did within the budget we're currently in when we raise the minimum wage level of the lower lower lower earner in the city of course the public work department in the impact of what we want to do in July with the combination between ARPA dollars as well as whatever small amount of fund balance we want to look at some programs that are sustainable as well as I think there's been a discussion about the gateways and of course the little program that you have suggested so we'll be able to create a corridors gateway major thoroughfares maintenance schedule that we know that Garner's very we know that Rosewood is getting the attention from public works it needs monthly I think that also I would like to piggyback on will that as we talk about this youthful offenders other offenders folks we need to put back the community service portion of it to a lot of communities have gone back to using that is to help supplement the litter programs and the cleanup programs and I think we need to make sure that as we move forward discussing judges and so forth working with our prosecution our public defenders and everybody really to to utilize some folks who are low offenses and give them the option to help clean up our community we can't it can't be a hundred percent on public works and the other divisions I think we need to utilize some of that and we've seen great progress with that in other communities and homelessness as we continue to work on the task force I think we need to include all that in the conversation yeah I completely agree Mr. Mayor to Mr. Taylor's point as well educating property owners what their expectate what our expectations for them to keep up there yes so I know that we had talked about the public education campaign on that something that I think would help out a lot with with the general appearance of a lot of these corridors so just for my clarification so the increase in public works is not an increase in number of staff but it reflects the increase in pay right there's not increase in staff input in the public worst apartment well there's a number of factors this increasing public works but the pay is one of them but it does technically have an increase in hired staff because if we were under staff there like we were earlier in the year early in the last fiscal year I mean we've budgeted to work for those replacements to be on staff plus the 10% so it's employee numbers that's correct yes so I'll move on then to comparison of the budget over the past couple years this was addressing one of the questions that Reverend McDowell asked during the public hearing about general government so thought it was helpful to be able to describe and demonstrate here in terms of comparison the question was asked about the increase in general government and what the increases look like over the prior two years so this slide I know it's a lot on it is demonstrating the general fund budget from 19 fiscal year in 1922 the proposed budget of fiscal year 22 23 if you compare the fiscal year 1920 budget to the proposed budget it's a net increase of three million dollars over from 1920 to this proposed budget that we're coming into now the increase of nine million dollars we'll talk through leading in to the next few slides as far as the increases specifically in general government a large portion of that increase is the reflection in the included in the general government sort of collapsed number is our general services or support services department they count for a little more than two million dollars of the increase which is attributed to the addition of the 14-1 main excuse me 14-1 Washington Street building operations as well as operations of 22 21 divine that have been added the other addition in the support services budget is reinstatement of another point to highlight under the strategic outcomes is the replacement roof program that's in our public that for city facilities that's included in general services budget he has a Kelvin as a schedule of roofs to be replaced throughout the city different city facilities and so that the there's funding of five hundred forty thousand dollars that allows a replacement schedule of so many buildings throughout the year and I ask your question just about 14-1 we're receiving rent income there correct we are and so and some other income I mean are we charging that against these operating costs so there is a lot of net operating costs and I'm just curious how much that net operating cost differential might be so the net is about two hundred thousand dollars short for difference between the revenue coming in versus the projected cost for operations so you can see obviously over from fiscal year nineteen twenty to fiscal year twenty two twenty three the variation is much smaller whenever you account for sort of a pre-pandemic budget and then taking our budget through the two years of the pandemic and the now coming out of the pandemic obviously you know we suspended our capital improvement replacement program for a year was a part of it and then also to utilizing prior actuals to be able to base budgets on for fiscal year twenty twenty one any questions about this comparison are the moving forward just highlighting the different components of what make up the nine million dollar increase in the budget of the total nine point nine nine point two million dollar increase seven point seven of that is for public safety which includes the police department's budget technology additions to include their body worn camera additions the security what the citywide security cameras as well as the proposed increase in the changes for the pay structure is any of that area money or less over and above area so the general fund budget includes an allocation of two million dollars from area it's not in it's not included for a specific item per se but seven point seven is included to me sure I mean the two yeah I mean yeah I mean the revenues of the general fund aren't designated to a specific font purpose in this case other than lease proceeds for capital about like the AR a funding for the path finders that is designated specifically because that meets a specific program of the AR a whereas the funds that we're utilizing for area in this budget are really taken from the across-the-board revenue allocation that's being considered which means this doesn't have to be designated for a specific purpose it's just lost revenue money included in the seven point seven no sir that separate we are tracking those as a grant it is this over and above we track those costs grant separate as part of a grant so those would be green activities so the two hundred thousand of the fire extraction and safety equipment we also allocated some of that grant money so that right so the AR a money in for fire department included the bunker gear which is for the fire fighters as well as consideration for repairs to fire facilities those funds were not yet allocated they were proposed those those will be part of the conversations coming back you and Jala when we talk about general capital projects so the only thing designated this at this point from AR a for fire is for the second set of bunker gear and then also to there was the allocation for the or consideration for the exhaust systems in our in our in our fire department stations so that's a little different than this is actual gear and equipment that the firefighters would use for on on calls emergency calls are you asking me if it's an issue or you're asking me if it's included in if there's anything included separate in the budget there are not additional funds in the budget for adjustments for there are not additional adjustments in the budget understood yes sir well I'm gonna bring it up again here you really noted thank you and I just wanted to add going forward we probably need to consider how we do how we look at our first responders because I was here when the fire department got an increase in the police didn't and so I think going forward we do have to take some consideration first responders of first responders and have a maybe a better approach because we want to make sure that morale is not impacted and people don't we want to make sure that they know that they're valued so we probably have a need to have a more strategic approach in how we treat the different areas but what I'm not saying is that we definitely I don't know if we I wouldn't commit to doing them at the same time because I don't know if that's financially possible yeah so but but I do think that we we do have to consider that considering things going forward I think that we I would encourage you and we're happy to have the conversations about the non-sworn personnel in public safety because you're right Councilman Herbert there have been years that police got an increase in another year that fire got increased in none of those years for my recollection of the non-sworn personnel gotten increases at the same time so you know and then they're the functions of public worst employees which we'd like to buy some of that this year we really appreciate but the clean the cleanliness and safety of a community are also determined by other general fund departments that have in many years when the public safety departments have gotten increases sacrifice so it's definitely a hard discussion to have and and to have it equitably I would just say that well I think you're right miss Wilson go ahead no go ahead I think you're right miss Wilson I think the conversation needs to be inclusive needs to be it needs to be proactive it needs to be a conversation that involves not only leasman vitamin the other workers also now I know that's beyond our reach right now we trying to get through this budget but I think we cannot negate the conversation and not having that conversation and I think as soon as we can at least start barking up that tree that gives us the flexibility to see what our options are so yes ma'am thank you very much you're welcome I was just going to say but you know future conversations but we also have to remember that we haven't instituted and haven't used the merit system and one who's talked to a great portion of our employees one-on-one there is some heartburn about across the board increases when people aren't equally working and together so there are a lot of discussions we need to have we can't just blindside just say it's equitable because it's not equitable so I think as we move forward we need to have a true conversation and making sure that we're doing the evaluations and we're instituting the programs that are necessary but we are have have made very big strides in this budget over the year and we'll continue to have conversations moving forward moving on with public works as we've talked about a few things already with regards to public works as mentioned some of the increases in public works is analyzing the costs that were added to the current year both increasing pay to fourteen fifty was part of that as well as other costs associated with fuel increases electricity increases for which affect our street lights and other features there's some additional costs at our animal shelter towards continuation of our no kill operations with additional vaccines and preventative maintenance that's considered best practice in this area and then also something that was added over the recent year was fifty thousand dollars for sidewalk grinding for contracted which helps take the pressures off of some of the staff to be able to contribute to do some of that work through contracted labor parks and recreation parks recreation of all shows a net reduction a lot of what we will be talking about parts of creation will be coming up in the conversation in July with regards to our capital improvement program and a number of improvements with the park facilities maintenance improvement program they as we know they did add a couple of activities over the year pickleball courts have been opened yes pickleball courts I know have been a popular the the access to the Saluta Saluta Riverwalk and the completion of Hyatt Park phase one of course as mentioned previously parks and recreation will be utilizing more of our city works as we continue to roll out through throughout more departments utilizing city works our work order system general services as I've mentioned part of their increase in reflects the addition of the Washington Street and 2221 divine and our annual replacement of our roof program that had been suspended previously some other points of highlight as many of which have been mentioned is our public works budget excuse me public relations department budget reflects a centralization of existing resources is not new resources that sort of services that have been moved in as well as technology improvements for customer service service delivery and business friendly environment so I do have one question yes you got to get moving too fast for me one point for the toll increase session with the potential operation recent quite 1401 main street complex in 2221 divide we said just a second ago that 1401 was a net $200,000 we have about a million dollars for revenue so is that means tell me what that means about 2221 2221 is about 200 175 or 200,000 of the four 1.4 million dollar increase and revenues from 1401 main is a million so Washington Street operations is about 1.2 and revenue is about 1 million so that's the net of 200,000 that's the cost or is that this is the cost that's what I'm saying I don't quite understand it because I'm reading that maybe I'm reading it to literally more than 1.4 million of the total increases associated with the expense for operational reasoning for a 1401 main and 2221 divide yeah this doesn't show the income I can add so yes so part of this one point form one part of this 1.4 million is offset with an eight with revenues of one million okay would that help I understand where you come from but that's a little bit tricky right there well it at this point when we're talking about what's increased into the expenditure says it's an increase on the revenues as well increase on the expenses so I do so I think I will I will add that point here in the that one part of that 1.4 is offset with a revenue line of one million would that help to clarify sometimes we do you do get very literal I mean keeping this expenses and the other revenue but certainly there's opportunities to to better clarify I'm always looking for better ways to sort of clarify the message that we are making with regards to the budget as a plan because that's what this is a plan and we've talked several times about the capital replacement program of nine million dollars this is the and that's another conversation that's been asked to come up in more detail in future conversations with city council or work sessions is our replacement program for our our general fund rolling stock so this includes about a hundred and twenty different pieces of equipment any other conversations about the general fund the remainder of the discussions is regarding the other parts of our operating budget and our capital improvement program again these are conversations we've had over the past several months so just sort of summarizing again the other funds of our budget which water and sewer fund is 185 million no rate increase is included in this budget is a net increase of about 2.4 million or 1% over the prior year revenue projects just our moderate growth in customer base as well as assumes our normal consumption of water of course water makes up the majority of the source of revenue for the water and sewer fund of course water and sewer fund budget is funded with water water revenue sales revenues and sewer sales revenues and then a smaller portion for different fines and of course interest the operating budget of our water and sewer fund is 104 million obviously a large portion of the water and sewer fund budget is for debt service related to our capital improvement program as well as the cash portion of our capital improvement program so of the of the 104 million utilities makes up the largest portion of that operating budget utilities includes our to water treatment plants our wastewater plant it also includes our water quality and compliance it also includes our water maintenance and distribution as well as our wastewater maintenance and distribution that would be the repair crews another portion a debt service of course makes up the next largest component of the water and sewer operating budget and then going from there engineering transfers to CIP and then general government this budget includes 22.6 million in cash from the water and sewer operating budget for the capital improvement program our stormwater budget is proposed at 16 million of course the stormwater budget is funded with the stormwater utility fee on city residents this budget is increased a little a little over 3% about $500,000 over the current year budget again no rate increase is included in the stormwater proposed budget this year it is we have right we are recommending to suspend the fifth year of a five-year rate adjustment plan as we evaluate our cap on permit program and where our remaining needs are with our improvement program from several years ago that was considered for 90 million of course the stormwater budget reflects the operations of the stormwater system and the departments that make up that include primarily our public works department and some portions for engineering and of course the public works departments reflects the storm drain crews that help maintain our stormwater system the operating budget is right at 7.8 million which is about 5% increase over the current year budget debt services running about 2.4 million again that's existing debt that is not for any new or additional debt so this is based on the debt service schedules transfers out is about 5.7 million of which 5.1 million is towards is cash towards our cap on permit program for the stormwater program our parking fund budget is at 10.2 million of course operates the these funds this budget is for the operations of our parking system includes our parking decks our parking lots parking meters parking facilities parking maintenance and even enforcement in addition to this year's budget is the operations of two additional to two new decks freed street and several street decks have been added into the budget for this coming year and this budget does use one million from fund balance towards a cap on permit program just a question for clarification we do have a parking fund study that's should be to us in September that does so right this budget doesn't assume any rate increases anywhere correct that's right no so I'm sorry the freed and several drug decks are just two new operations of the parking fund the one million dollar increase is for we'll get through that in a minute that's for the cap on permit program for the parking fund it's separate from so it's eyeballing free is for separate no it is the CIP for parking but it's not related to several or freed those are decks that were opened in this coming year so what's included in this budget is the operations of those decks just for clarification along what is when you're you're you're projecting the revenue to be totally flat no new revenue from free no new revenue from there is new revenues what maybe yeah let me go back and clarify that piece so the budget for parking fund is basically flat from the current year but this year's budget did include funding from American Rescue Plan funds so we have not included any American Rescue Plan funds in this budget instead the the the offset of the American Rescue Plans is revenue from the parking system and the addition of the revenue from freed straight and sample how much the net how much was they are a money it's a little more than a million in the current year maybe closer to two okay so you are projecting a million dollars of new parking revenue new parking is 2.7 million actually of new parking revenue it's new new revenue in the sense of collections from prior years being so low and so now we're projecting closer to normal collection rates now that businesses are back parking and we're charging for parking and folks are visiting and getting tickets and paying for garages no no I'm finished well I just had just I'm trying to make sure on Joe's I'm Councilman Taylor's question are you asking are we gonna see additional revenue because we have two new parking garages coming in I'm really not at all we're gonna see additional revenue thing is I guess the what I'm asking is just for clarification is we're seeing we're seeing 2.7 million dollars worth of increase of revenue from parking that makes it the same because of a or a words last year you're saying it was the same money but it was 7.7 plus 2 million of AR a and this next year it's gonna be 9.7 all coming from the parking correct so the current year budget the current year budget and anticipated use of 2.7 million in revenues from parking from air a ARPA money however it's not subsidized is the best way to say this right we're not subsidizing this budget through revenue coming in different way our garages and meter should generate 2.7 million dollars more money fiscal 23 than they did in 22 correct no and part of was in the current year it was anticipated however collections are coming in stronger than what we originally projected in this current year budget so therefore we're not projecting to even utilize the 2.7 million dollars that we included so the budget for this year included anticipation of the use of 2.7 million ARPA funds revenues and collections are coming in stronger than we projected for just those revenues so we will not utilize the ARPA funds in this year's budget that were projected for parking it will come purely from the system well as part of what's contributing to the million dollars of we're able to utilize and fund balance for a capital improvement program for parking so ultimately the parking fund revenues this year reflect really no change in terms of actual collections into next year's projected budget project this year the next year projected budget reflects closer to current year actuals but that is another way to sort of state it mr. Taylor discreet so so the budget in court anticipated a circle a a use of ARPA funds in the current year budget we will be able to end this year's budget without the use of that money from ARP funds about them right we're projecting the question that's what I thought I heard you say and I may be wrong is that we're not gonna have to use the ARPA money in fiscal 22 right when mr. DeVall said well that money goes back into the ARPA fund we could spend on something else you said I thought it was staying in the general fund and you were gonna spend somewhere else where it was budget I'm sorry I thought he was saying that I thought I was mistaken the ARPA funds yes so we did not so there are no use of of ARPA funds for parking in the ARP proposed budget anymore which is still for council's consideration yes if we set up those funds back in the ARPA budget not necessarily in the parking budget I thought you were asking about parking fun right I think we've shown in prior in one of our past two conversations about ARPA funds we show reduction of that use of part of ARPA funds in the parking system all right moving forward so moving on into the capital improvement program again as mentioned the water our water capital improvement program is budgeted at 13 million water quality is at 62% with water plan at 19 and other other activities of 19% of course this doesn't take into account our existing CIP program that's already remains to be underway waste water program is budgeted at 27 million for our capital improvement program for this coming year with 61% being for capacity projects and 12% for rehabilitation one of the large projects for that is a Saluta River force main extension of 14 million FM is force main our stormwater capital improvement program is 11 million dollars in the coming year which again pointing out 5 million of that is for pen branch drainage improvements that would be one of the larger projects and then 3 million from North Tanglewood and of course if you can make out the map the different spots the areas of town that make up our stormwater capital improvement program in our parking system the million dollars for our parking system improvements includes our elevator replacement at two of our parking garages at the Sumter Street in the Lady Street decks and then of course the exterior painting and stucco repair for 400,000 at the Taylor Street deck and Lady Street deck if you may recall from Kelvin's conversation at one of our prior budget meetings his operating budget also includes some other maintenance type part program for our different parking garages as well right wrapping things up moving on into our special revenues for hospitality tax and accommodations tax missy really quickly for the parking system costs this is part of capital improvement and it's separate from the parking stuff we just talked about because that's the enterprise there this is also an enterprise but the capital budget is separate from the operating budget so this is part of the parking system cap improvement program we have operating and then capital that wraps up our enterprise enterprise funds moving into special revenues hospitality tax is budget at 12.7 million which is an increase of 2.7 or net the same as well because it also had reflected use of hospital of American rescue plane funds that are not included in this proposed budget much like the parking system revenue collections for the hospitality tax budget are coming in much stronger than we originally projected thankfully so the budget is proposed that's more in line with actual collections that we're seeing so far expenditures City Council has already allocated 3 million of the proposed budget for the hospitality tax committee proposed the remaining 3.5 million is pending City Council allocations which would include allocations to the hospitality tax line-on agencies that will be coming for you as well transfer to the general fund is remaining at 3.7 debt services is budgeted at 2.5 million dollars it is also based on existing debt schedules it's not for an additional debt or any new debt the existing debt accommodations tax which represents the state accommodations tax it's a budget of 2.6 million again it is a significant increase over the current year budget because these revenues are more reflective of what we are seeing actual collections for the accommodations tax and is closer in line to what we saw pre-pendemic expenditures are based on what is determined by state law the first 25,000 is a direct transfer to the general fund additional 5% that is for considered general purposes so we use sort of as general general fund dollars is 131 million 40 thousand of which will you have 31,000 right 131,000 not million I know you'll be getting a lot of phone calls 131,000 which is 5% the other allocations will also will be pending from City Council for consideration the committee has available 2.5 those committee recommendations will be coming to you as well along with hospitality tax so that rubs up the just I hear both ways on that 2.5 million is that restricted by state state statutes yes sir so then other restricted to the 95% or there's 60% 65% is dedicated for tourism related activities and marketing the other 30% is for related to convention center and other marketing as well but technically they're both related to loosely they're both related to tourism and marketing as well as sure I think it was also part of what we would be covering in in your no my reason I asked is that a curiosity I mean and again nothing new not because of anything in particular just just general information you know if we drop the budget from say from a two million five down to one to I think we owe it to the taxpayers to look at full range of what we can do for you just bump it right back up to two five sure when I hear about marketing programs for appearance and pride in the community and stuff like that I just like to see if it opens the door for us to do anything absolutely I will knock tonight we're talking just a second ago mr. Duvall about age tax and ruling it came out of Camden seven years ago basically all for all intents purpose said you about do whatever you want to it's kind of an interesting thing out there and I just I just like to see if we have some flexibility in what so so part of what happens with the accommodations tax that was set up several years ago was that both hospitality tax and accommodations tax did a grant program 15 or so years ago once the hospitality tax program was first approved 20 years ago and it sort of it took off and it was collecting more the organizations that were in accommodations tax were shifted to age tax city council decided to allocate the tourism dollars to CB the convention and visitors Bureau experience Columbia at 85% and to 15% to Lake Murray with the expectation that those two groups would help to do recruitment advertisement and promotion for the events of the hospitality tax I will say accommodations tax has a has a difference that are requirements one of the requirements of the accommodations tax is for that committee the there has to be a committee to make the allocations from accommodations tax of course it comes back to city council for consideration so that's what you'll see is the committee's allocation or recommendations that's just a recommendation so just remind council we'll get a recommendation we don't have to act on it at that at that time we should take it as for information as we learn a little bit more about the flexibility we have and those recruitment tools would be a good investment that takes us into the remaining budget decisions or discussions should they discussions rather than decisions necessarily but the June 21st council meeting is the hospitality tax committee and the accommodations tax committee both will be bringing their committee chairs plan to present to you their committee recommendations for allocations for fiscal year 22 23 topics that we have called together of city council's discussions for remaining budget yes sir just a follow-up question on the accommodations tax primarily I mean on the H tax we've already given them a number right you gave them a number we haven't given anybody number on the accommodation tax no it's just been based on what the budget my point is I would hate for hate for that thing to get out of the gate before we have a chance to look at what our options I think it's too late I mean I think it's already out the gate because I was thinking the same thing well it's just a recommendation we have the ability to know I just would rather I understand but I think they've already met they've met but they also understand that you know basically what's available does the remaining 95% of the budget until city council decides any other additional allocations like I said state law does have a distinct amount that is to be allocated from recommendations of a requires that we have a committee you have a committee that committee makes recommendations city council then decides on what to approve for those recommendations then we provide guidance yes sir they have obviously because in prior years city council's provided guidance that 85% go to one organization and 15% go to another I just see it we seem like we might want to suspend that process until we we get a chance to look and might come back with some guidance on how they consider the allocation just take this you know they have they already met they've met they've already met I do think just out of courtesy of their time and effort we need to at least let them know that we're considering other options I don't know what the timeline is I don't want to have I don't want people to just put a lot of time and effort into I'm looking at projects and then we do something I'm assuming we wouldn't do something totally different because that would not be recognizing the time and effort that they put in but I do think that we should at least give them some level of expectation that there may be some some other directives or maybe we may want them to meet again so it's on your agenda for Tuesday the committee recommendations on the draft agenda only right tax and a tax the recommendations but for July 26th what remaining funds you have to distribute so that's not what they're saying if I could clarify too the committee met we when we presented the accommodations and hospitality tax budgets to council before and shared what was projected for that time the committee is under the impression or committee has been which the accommodations tax committee has been informed and is aware that city council may make some additional allocations from accommodations tax aside from what is committed or recommended from the committee committee can may come back and recommend a percentage of the allocation versus a dollar amount I guess for the purposes of what I'm hearing the council discuss them right now it's too late for all that I mean they've already met right so they're bringing the recommendations on Tuesday and then whatever additional input or guidance you all need to give that's when you are doing on Tuesday no that June 21st is the council meeting for the committee recommendations those are additional those are additional conversations about the other the other components I'm not too sure I agree with that I think on the hospitality tax we did vote or did discuss in the budget a number to give to the committee I don't think we've ever ever done that on the accommodations tax that wasn't the guidance given to the committee they just they weren't given a guidance at this point about how much is allocated whether not to fund to just the two groups or other groups they did have other applicants this year that they did hear from other applicants but the expectation is to how much council may want to allocate they're aware that that could change okay and then so so similar to the age tax as they get that one pager about you know the hospitality tax dollars is there any document detailing what the role or what they're expected to do for the ATAC committee yes you mean for the committee's direction directions so there they are familiar with the allocations as state law and prior practice from from city council or prior guidance from city council so they and then they meet and hear from the applicants themselves and then that's the directions that they followed through and then they made their recommendations and then city council can either accept those recommendations or adjust those recommendations I guess what I'm getting out is was the 85 30 whatever it was was that communicated in writing or is that something that's just been expectation over time it's been communicated in writing but we didn't we did not distinct we did not give count the committee that specific instruction for this fiscal year because this council had not yet determined I did not have guidance that that was the direction of this city council prior city councils have done that okay thank you yes as long as I still the intention I just want to make sure that all of council understands to what I'm hearing miss Kaufman say is that we can go with the recommendations or reduce the recommendations council has done that prior years not to is it reduced to that's what I want to make sure so they they will get some allocation I just want to make sure all of council understands that we wouldn't be usually the changes just to the apportionment of how much goes to the different organizations okay additional allocations we've made in previous years together we can read and those type things that I think we've given this council information just as information that that was done as well those come from the 5% funds they're not taking proposing they deal with that until July right yes ma'am can we discuss going ahead and doing the allocations excuse me I mean isn't that a part it could look when they give us the recommendations take that take that in and look at it accommodations I think the question really comes around since it's a significant amount of money difference is are there other ways to utilize a portion of that funding to make sure that we're doing other things than just giving it to the two groups without the question comes up what what what happened with a lot of that money over the last two years so I think we just want to take a look and I think taking the recommendations from them is the proper thing to do we don't mean don't have to act on it we may want to do hospitality we may want to do that I can't I haven't seen anything yet so I have no idea but I think one of the things that continues to come up in discussions is is making sure that we're using that hospitality money to to really affect lots of groups and impact the community is wide and we we don't know that yet I will say that the hospitality tax application process you normally receive and this will be pointed out in materials prior year committee processes would see receive upwards of 90 applications this year you've received not 57 some I had even heard that that they had to ask people multiple times that have gotten stuff in the past to apply well it be interesting to see what recommendations are because I did hear that one point they talked about maybe even hold money back and have a mid-year so not spending it all at one time but so that they could could deal with some of the mid-year events that may come up so I think it'd be curious to see what comes up if you if you consider that the application process closed in March the environment was a little different in March than it is today the only group that probably made it that crosses over between the two between I said that the only other group that probably that miss Wilson may have been meant me getting to with regards to the 5% and the in accommodations tax one Columbia's funded both from hospitality tax and won't and accommodations tax because we split their funding so that it's not all coming from one source they would be considered as one of the line I'm agencies though for City Council consideration you're welcome. Thank you. We'll make some other items on the July 26th list that we've missed. Eric, Missy and I've tried to compare our notes on the items you wanted to come back. Yes, sir. Absolutely. Thank you. I will. I will say on that note given some of the topics that will be coming up at the July 26th. We would like to produce a published like budget and brief sort of document that you can share. So we given some of today's conversation maybe better that we wait until after the July 26th to include that material in that document so it would be more of a August September timeframe before we have something like that available for you to distribute. Thank you. Mr. Mayor, I'm making a motion we go into executive session for discussion of employment of an employee pursuing the SC code 30 days for a 70 a one organizational review. Your second. Again.