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HomeMy WebLinkAbout1997 05-01 CCM Joint Session with Financial Commission MINUTES OF THE PROCEEDINGS OF THE CITY COUNCIL AND FINANCIAL COMMISSION OF THE CITY OF BROOKLYN CENTER IN THE COUNTY OF HENNEPIN AND THE STATE OF MINNESOTA JOINT SESSION MAY 1, 1997 CITY HALL CALL TO ORDER The City Council and Financial Commission met in a joint meeting called to order by Mayor Kragness at 7 p.m. in Conference Room B, City Hall. ROLL CALL Mayor Kragness, Councilmembers Kathleen Carmody, Kay Lasman, and Robert Peppe, Financial Commission Chair Donn Escher, Commissioners Ned Storla, Jay Hruska, Ron Christensen, Larry Peterson, and Jerry Blarney. Also present were City Manager Michael J. McCauley, Assistant City Manager Jane Chambers, and Finance Director Charlie Hansen. Councilmember Debra Hilstrom arrived at 7:15 P.M. Commissioner Michael Weidner was absent and excused. PRESENTATION OF PROPOSED REVISION TO THE CAPITAL IMPROVEMENTS FUND EXPENDITURE POLICY & CAPITAL EXPENDITURE RESERVE FUND POLICY Chair Escher introduced the policies and explained some of the history behind its development. Finance Director Hansen was asked to summarize the changes from the previously adopted policy to the proposed policy. City Manager McCauley explained the reserve fund policy is intended only to be used in catastrophic situations and its $1,000,000 initial balance was set based upon an analysis of possible uninsured losses the City might suffer. Extensive discussion followed. By consensus it was decided that one or more Financial Commissioners should appear at a City Council meeting to present the policies so that the audience would receive an explanation of them before the City Council had a vote on their adoption. DISCUSSION OF THE ROLE OF THE FINANCIAL COMMISSION IN THE 1998 BUDGET PROCESS. Chair Escher described how in some previous years the Financial Commission received budget materials such as the budget calendar and was involved in the discussion of budget issues. He noted there has been less involvement in recent years and asked the City Council to discuss and decide what role it would like the Financial Commission to have. City Manager McCauley recommended 5/l/97 -1- a big picture role for the Financial Commission and described a possible order of events. Extensive discussion followed. It was decided by consensus that the Financial Commission would be invited to attend the initial City Council budget work session on May 22, 1997, for further discussions. UPDATE ON FIRE & POLICE BUILDING NEEDS AND BOND ISSUE PLANNING City Manager McCauley summarized the results of a survey of persons who attended open houses at the fire and police stations during April. He outlined the three options for building plans and listed possible sites if the choice were to build a separate police building at a new site. The issue of presenting police and fire bonds as separate questions on the referendum election or as a single question was discussed. NEXT MEETING The next meeting will be Thursday, May 22, 1997 at 7 p.m. and will be a joint meeting with the City Council at its budget work session. ADJOURNMENT The meeting adjourned at 9:17 p.m. City Clerk Mayor 5/1/97 -2-