HomeMy WebLinkAbout1998 05-06 FCMMINUTES OF THE PROCEEDINGS OF THE FINANCIAL COMMISSION
is OF THE CITY OF BROOKLYN CENTER
MAY 5, 1998
CITY HALL, CONFERENCE ROOM B
CALL TO ORDER
Chair Donn Escher called the meeting to order at 7:03 P.M. in Conference Room B.
ROLL CALL
Present at roll call were Chair Donn Escher, Commissioners: Larry Peterson, Jerry Blarney, Jay
Hruska, and Stanley Leino. Also present were Council Liaison Kay Lasman, City Manager
Michael McCauley and Finance Director Charlie Hansen. Commissioners Ron Christensen and
Michael Weidner were absent and unexcused.
Annroval of Minutes
A motion was made by Commissioner Jay Hruska to approve the minutes of the April 7, 1998
meeting. Commissioner Larry Peterson seconded the motion and all members voted in its favor
except for Commissioner Stanley Leino who abstained.
Agenda
A motion was made by Commissioner Jerry Blamey to approve the agenda. Commissioner Jay
Hruska seconded the motion and all members voted in its favor.
• Renort on Policy and Procedure Relating to Citv Contractual Services For Non-)rofit
Organizations.
Kay Lasman reported that the City Council had adopted the revision to the Policy and Procedure
Relating to City Contractual Services For Nonprofit Organizations at its April 27, 1998 meeting
as recommended by the Financial Commission.
Discussion of a compensation level for the Mavor and Council Members for'1999 and 2000,
Jerry Blamey and Larry Peterson reported that they had reviewed the City's policy as assigned at
the April meeting and were recommending that the policy be modified to specify that inner ring
suburbs be used for comparison. After extensive discussion, Mike McCauley suggested language
to amend the policy. Commissioner Larry Peterson moved to recommend to the City Council the
revised Policy and Procedure on Mayor and Council Member Total Compensation. Commissioner
Jay Hruska seconded the motion and all members voted in its favor.
The discussion moved on to recommending compensation levels for 1999 and 2000. It was noted
that the current compensation levels are in between the average and medians of comparable cities
identified in the recommended policy. It was felt that compensation should be raised at a rate
which would hold this position in comparison to the other cities.
Commissioner Larry Peterson moved to recommend to the City Council that the Mayor and
Council Member total compensation be raised by 3 % for 1999 and another 3 % for 2000.
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Commissioner Stanley Leino seconded the motion and all members voted in its favor.
• Discussion of specifications for the Reouests for Proposals f
or Financial Advisor for Bonds Sales
Professional Services.
Charlie Hansen reported on the draft specifications for the Requests for Proposals for Financial
Advisor for Bonds Sales Professional Services. The specifications were reviewed and no changes
were proposed.
Commissioner Jay Hruska moved to recommend to the City Council the specifications for the
Requests for Proposals for Financial Advisor for Bonds Sales Professional Services.
Commissioner Jerry Blarney seconded the motion and all members voted in its favor.
Donn Escher, Jay Hruska, and Jerry Blarney expressed their willingness to serve on a review
committee to be appointed by the Mayor as called for by the Policy and Procedure on Requests
for Proposals for Financial Professional Services.
Discussion of the 1999 budget calendar and budget process
After discussion, the Financial Commission expressed the desire to have some involvement in the
budget process and to receive working copies of the proposed budget. The Financial Commission
should be informed of City Council work sessions on the budget and intends to have a separate
Financial Commission meeting for budget review on August 4, 1998.
• Comnrehensive Annual Financial Report.
Michael McCauley noted that he would ask the City Council to set a work session on either June
10 or 11 to meet with the City's auditors and discuss the report. The Financial Commission will
be notified of this meeting and invited to attend.
Next Meeting.
The next meeting of the Financial Commission will be on Tuesday, August 4, 1998 at 7:00 P.M.
ADJOURNMENT
Commissioner Jerry Blarney moved to adjourn the meeting at 8:47 P.M. Commissioner Jay
Hruska seconded the motion and all members voted in its favor.
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