HomeMy WebLinkAbout2012 02-16 FCM Financial Commission
Regular Meeting Minutes
16 February 2012
1. Call to Order
The meeting was called to order by Mr. Newman at 6:33 PM
Members Present: Commissioners Newman, Landis, Plunkett, Agbssou.
Schueller, VanDerWerf, Hollingshead.
Members Absent: None
Staff present was Director of Finance Jordet.
2. Adoption of the Agenda
Mr. Landis moved adoption of the agenda. Mr. Schueller seconded the motion.
With all voting in favor, the motion was adopted.
3. Minutes
Mr. Landis moved adoption of the minutes from the 21 July 2011 meeting. Ms.
Hollingshead seconded the motion. With all voting in favor, the motion was
adopted.
4. Election of Commission Chairperson
Ms. Plunkett nominated Mr. Newman as Chairperson for 2012. Mr. Landing
seconded the nomination. Nominations were closed. With all voting in favor, Mr.
Newman was affirmed as Chairperson of the Financial Commission for 2012.
5. Appointment of Commission Vice Chairperson
As required by the enabling resolution, Mr. Newman appointed Mr. Landis as the
Vice Chairperson for 2012.
6. Review of the Enabling Resolution
Mr. Jordet reviewed City Council Resolution 99-110, the most current revision of the
action establishing the Financial Commission.
1
i
7. Report on Financial Advisor RFP
Mr. Jordet reported that the RFP process for Financial Advisor reviewed and
approved by the Commission resulted in the re-appointment of Springsted, Inc. as
the City's financial advisor.
8. Discussion of the 2012 Work Plan
Mr. Jordet reviewed the items that are expected to be ion the Commission's work
plan for 2012, including review of the financial policies, review of a popular financial
reporting format, implementation of mulit-year budgeting for governmental funds,
joint budget meetings with the Commission and City Council, and the bi-annual
review of City Council compensation.
9. There will be an Open House meeting of the City Council and all City
commissions on Wednesday, 11 April 2012 at 6:30 PM in Constitution Hall at the
Community Center.
10. Adjournment
With no other business to transact, the meeting was adjourned at 7:44 PM.
2