HomeMy WebLinkAbout2010 03-30 FCM Financial Commission
Regular Meeting Minutes
30 March 2010
1. Call to Order
The meeting was called to order at 6:30 PM
Members Present: Commissioners Newman, Shogren-Smith, Berglin, Landis and Schueller
and Council Member Ryan. Staff present were City Manger Boganey and Director of Fiscal &
Support Services Jordet.
2. Introductions
Commissioners introduced themselves to one another.
3. Election of Chair
Commissioner Shogren-Smith nominated Commissioner Newman as Chair of the
Commission. Commissioner Berglin seconded the motion. With all in favor the motion was
adopted.
Chair Newman appointed Commissioner Shogren-Smith as Vice Chair.
4. City Financial Condition
Mr. Jordet briefly reviewed the End of Fiscal 2009 Unaudited Financial numbers as
distributed. Included in the report were balance sheet cans cash flows information for the
major funds of the City.
5. 2010 Budget Status
Mr. Jordet reviewed the expected results of legislation under consideration at the State level
which would reduce the amount of State Aid in the form of Local Government Aid, Market
Value Homestead Credit, or both. He reviewed some of the changers being proposed by
staff to deal with these changes and that the City Council would be considering a resolution
in May to amend the 2010 operating budget.
6. Work Program for 2010
Mr., Jordet reviewed the agenda items referring to the work program to be pursued by the
Commission in 2010. The items included review and recommendation on City Council
salaries for 2011 & 2012, addressing the City Council's request for review of the collection of
utilities situation and recommendations for improving the collection rates, issuance, review
1
and reward of an RFP for Insurance Agent and Risk Management Consultant, and the
various meetings dealing with formulation of the 2011 budget.
7. Other Business
Mr. Boganey briefly reviewed the City Council's Strategic and Ongoing Goals documents. He
indicated that the Council and staff would be most appreciative of the Commission's input
and feedback on these points.
8. Adjournment
With no other business to transact, the meeting was adjourned at 8:25 PM.
2