HomeMy WebLinkAbout1998 08-06 FCMMINUTES OF THE PROCEEDINGS OF THE FINANCIAL COMMISSION
OF THE CITY OF BROOKLYN CENTER
AUGUST 6, 1998
CITY HALL, CONFERENCE ROOM B
CALL TO ORM
Chair Donn Escher called the meeting to order at 7:00 P.M. in Conference Room B.
ROLL CALL
Present at roll call were Chair Donn Escher, Commissioners: Jerry Blarney, Jay Hruska, Stanley
Leino and Tim Elftmann. Also present were Council Liaison Kay Lasman, City Manager
Michael McCauley and Finance Director Charlie Hansen. Commissioner Larry Peterson was
absent and excused. Commissioner Michael Weidner was absent and unexcused.
Approval of Minutes
A motion was made by Commissioner Jerry Blarney to approve the minutes of the May 5, 1998
meeting. Commissioner Jay Hruska seconded the motion and all members voted in its favor
except for Commissioner Tim Elftmann who abstained.
Agenda
The agenda was approved by consensus.
• Reports.
Donn Escher reported that the City Council had adopted the recommendation of the Financial
Commission for a level of compensation for the Mayor and City Council for the years 1999 and
2000.
Michael McCauley reported that an interview panel, including three members of the Financial
Commission, had interviewed candidate firms to be financial advisor to the City and. recommended
continuing with Springsted, Inc. He concurred with the interview panel and is recommending
Springsted, Inc. to the City Council at the meeting on August 10, 1998. The City Council will
make the final selection.
Discussion of the 1999 budget calendar and budget process.
Donn Escher drew the Financial Commission's attention to the City Council meetings listed on
the budget calendar and invited the Financial Commission members to attend them.
Michael McCauley explained that the budget is a work in progress which is not yet complete or
balanced. A summary of estimated revenues, department budget requests, and debt service
requirements was presented. Cuts will be made to arrive at a balanced budget which will be
presented to the City Council. The City Council must consider the proposed budget for the
purpose of adopting a preliminary 1999 property tax levy by September 15, 1998. Greater
attention will be paid to the five year operating budget.
Z
Extensive discussion followed on the areas of technology, city operations, state aid to cities, and
• the property tax system.
-City Manager Undates.
Michael McCauley provided updates on several developments and events in the city.
Next Meeting.
The next meeting of the Financial Commission will be on Thursday, November 5, 1998 at 7:00
P.M.
ADJOURNMENT
Commissioner Jay Hruska moved to adjourn the meeting at 8:53 P.M. Commissioner Jerry
Blarney seconded the motion and all members voted in its favor.
0
0
3