HomeMy WebLinkAbout1998 04-07 FCMMINUTES OF THE PROCEEDINGS OF THE FINANCIAL COMMISSION
• OF THE CITY OF BROOKLYN CENTER
APRIL 7, 1998
CITY HALL, CONFERENCE ROOM B
CALL TO ORDER
Chair Donn Escher called the meeting to order at 7:00 P.M. in Conference Room B.
ROLE,, CALL
Present at roll call were Chair Donn Escher, Commissioners: Larry Peterson, Jerry Blarney, and
Jay Hruska. Also present were Council Liaison Kay Lasman, City Manager Michael McCauley
and Finance Director Charlie Hansen. Commissioners Ron Christensen, Michael Weidner, and
Stanley Leino were absent and unexcused.
A=roval of Minutes
Jay Hruska noted a correction to the minutes. A motion was made by Commissioner Jay Hruska
to approve the minutes of the January 22, 1998 meeting as corrected. Commissioner Larry
Peterson seconded the motion and all members voted in its favor except for Commissioner Jerry
Blamey who abstained.
Agenda
A motion was made by Commissioner Jay Hruska to approve the agenda. Commissioner Jerry
• Blamey seconded the motion and all members voted in its favor.
$e port on Adequate General Fund Balance Policv-Formula.
Kay Lasman reported that the City Council had adopted the revision to the Adequate General Fund
Balance Policy Formula at its March 23, 1998 meeting as recommended by the Financial
Commission.
Renort on a draft Policy and Procedure Relating to City Contractual Services For Nonprofit
Organizations.
Jay Hruska presented a draft Policy and Procedure Relating to City Contractual Services For
Nonprofit Organizations. It is based upon the City's existing policy adopted in March 1994,
elements from the Minnetonka policy, and Jay's own thoughts. In the following discussion,
several changes were made to the draft and it was decided to drop the evaluation form as an
official part of the policy.
Commissioner Jerry Blamey moved to recommend to the City Council the revised Policy and
Procedure Relating to City Contractual Services For Nonprofit Organizations. Commissioner Jay
Hruska seconded the motion and all members voted in its favor.
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Discussion of the nrocess for recommending a corrinensation level for the Mavor and Council
• Members fQy 1999 and 2000.
Donn Escher reviewed the requirements for setting City Council salaries and the summary data.
He noted that the policy also calls for budget and tax base data on the comparable cities. In
discussion its was concluded that if close matches were required on population, budget, and tax
base, the number of comparable cities would be small.
Chair Donn Escher appointed a subcommittee of Commissioners Larry Peterson and Jerry Blarney.
They are to review the policy regarding the required characteristics of the cities to be used for
comparison purposes. They are also to review the data on Mayor and Council Member salaries.
A report on these issues is expected back at the Financial Commission at its May 5, 1998 meeting.
Discussion of un_ coming Rearugsts for Proposals for„Erofessional Services.
Charlie Hansen reported that the Policy and Procedure on Requests for Proposals for Financial
Professional Services requires that RFPs be done in 1998 for Financial Advisor for bond sales and
for Custodian for investment securities. The specifications for the Request for Proposals for
Custodian of Investments were reviewed. No changes were proposed.
Donn Escher called for a vote to recommend to the City Council the specifications for the Request
for Proposals for Custodian of Investments. All members voted in favor.
Undate on the Status of the Police and Fire Building Proiect.
• Michael McCauley reviewed the developments and status of the police and fire building projects.
The plans of the new owners of the Brookdale Mall were also discussed.
Next Meeting.
The next meeting of the Financial Commission will be on Tuesday, May 5, 1998 at 7:00 P.M.
ADJOURNMENT
Commissioner Jay Hruska moved to adjourn the meeting at 9:00 P.M. Commissioner Jerry
Blarney seconded the motion and all members voted in its favor.
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