HomeMy WebLinkAbout1999 03-16 FCAAGENDA--
BROOKLYN CENTER FINANCIAL COMMISSION
Tuesday, March 16, 1999
City Hall
Conference Room D (not usual room)
1. Call to Order: 7:00 P.M.
2. Roll call.
I Approval of the Agenda.
4. Approval of Minutes: January 7, 1999.
5. City Council approval of Financial Commission Recommendations.
Chair Donn Escher appeared before the City, Council on January 25, 1999 with
recommendations to amend the following policies:
Policy and Procedure on Requests for Proposals for Financial Professional Services.
Adequate General Fund Balance Formula in the Financial Management Policies.
• 6. Discussion of the Purpose of the Financial Commission as stated in Resolution 92-168 which
created the Financial Commission: to evaluate the cost effectiveness of City services,
programs, and functions in response to higher cost of service delivery, mandates, and a trend
of decreasing intergovernmental revenues to cities. vtr; o'4
i
7. Enterprise Funds Cash Balance Targets. Ale
8. City Manager update on current projects and developments.
9. The City Council has called for a joint meeting with the Financial Commission on Monday,
June 21, 1999 to review the 1998 Annual Financial Report with the city's auditors.
10. Set Date of Next Meeting.
11. Adjournment: 9:00 P.M.
The Financial Commission asked to receive copies of monthly financial reports submitted to the City
Council. The following reports are attached for your review.
General Fund Summary Budget Report - February 28, 1999
Lodging Tax Collection and Distribution Report - January 31, 1999
. Liquor Stores Financial Statements - January 31, 1999
Earle Brown Heritage Center Statements - January 31, 1999