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  2. Finance Committee - Minutes - 3/3/2021 - P7

Finance Committee - Minutes - 3/3/2021 - P7

By dnadmin on Mon, 11/07/2022 - 13:46
Document Date
Wed, 03/03/2021 - 00:00
Meeting Description
Finance Committee
Document Type
Minutes
Meeting Date
Wed, 03/03/2021 - 00:00
Page Number
7
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/fin_m__030320…

Finance Committee - 03/03/2021 Page 7

Mayor Donchess

December is the final payment, but | don’t think we collected 100%. | mean we collected a high percentage but
not 100%. David ...

Alderwoman Lu

Well | think so according to the property taxes on December 31°. But, you know what, I’ve been wrong before
ll tell you that, in fact, in the last two meetings I’ve been in. So I'll go back and look.

Mayor Donchess

| can say we are usually in the 95% but never at 100% there’s always someone who does not pay.
Alderwoman Lu

And are we collecting, are we getting our rents from Court Street property regularly?

Mayor Donchess

Ms. Kleiner can probably answer that. We suspended the rents for the non-profits for a time because of
COVID; they really even couldn’t use the space. But where are we with that at this point, Ms. Kleiner? You’re
on mute; | don’t know if you can the answer the question now or you need to get back to us.

Director Kleiner

Yes, Mayor you are correct we did suspend rents due to COVID. Renters were not allowed to use the City
building. We issued that information in the Court Street report that we sent the Board about three weeks ago
and we included that on why we would have a shortfall for Fiscal ’21. They are back now and we are collecting
rents. The only issue now is that we have not allowed rental of the theater which we generally collect revenue
for. We estimate, hopefully, looking at resuming that in September.

Alderwoman Lu

OK thank you, | had not noticed that in the past. Just one last question, in terms of the monthly reports, | know
toward the end of last Fiscal Year the reports, well how frequently after the last month do they typically come

out, because we are into March and we don’t have January’s. And | was just trying to get a sense of the flow
that’s typical.

Mayor Donchess

Which report are you asking about?

Alderwoman Lu

The monthly reports, you know, the monthly financials?
Mayor Donchess

Ms. Kleiner or Mr. Griffin, are you on?

Director Kleiner

| do not believe Mr. Griffin was able to — Mr. Fredette may know.

Page Image
Finance Committee - Minutes - 3/3/2021 - P7

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