HomeMy WebLinkAbout2013 02-21 FCMFinancial Commission
Regular Meeting Minutes
21 February 2013
1.Call to Order
The meeting was called to order by Mr. Newman at 6:33 PM
Members Present: Commissioners Newman, Hollingshead, Glenn, and Kragness.
Members Absent: Schueller (excused), VanDer Werf (excused), Landis (excused).
Council Liaison Kleven was present.
Staff present was Director of Finance Jordet.
2.Introductions
For the benefit of new Member Ms. Glenn, all members of the Commission and staff
introduced themselves and gave some background on their involvement in the
Commission
3.Adoption of the Agenda
Without objection, Mr. Newman declared the agenda adopted.
4.Minutes
Ms. Kragness moved adoption of the minutes from the 17 May 2012 meeting. Ms.
Hollingshead seconded the motion. With all voting in favor, the motion was
adopted.
5.Election of Commission Chairperson
Ms. Kragness nominated Mr. Newman as Chairperson for 2013. Ms. Hollingshead
seconded the nomination. Nominations were closed. By unanimous acclimation Mr.
Newman was affirmed as Chairperson of the Financial Commission for 2013.
6.Appointment of Commission Vice Chairperson
As required by the enabling resolution, Mr. Newman appointed Mr. Landis as the
Vice Chairperson for 2013.
7. Review of Resolution 99-110
Mr. Jordet reviewed City Council Resolution 99-110 with eh Commissioners. This
Resolution establishes the purpose, functioning and authority of the Commission.
Highlights of the review were that the Commission acts as an advisory body to the
City Council, the Commission bi-annually reviews Council compensation and
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recommends future compensation parameters to the City Council, terms of office are
three years, the circumstances for resignation and/or removal from the Commission.
8.Discussion of 2013 Work Plan
Mr. Jordet reviewed the items required to be reviewed by the Commission during
2013. In addition to the traditional attendance at budget work sessions with the
Council the Commission will need to review a Request for Proposals for Auditing
Services and possibly a Request for Proposals for Securities Trustee services.
9.Other Business
Commissioners were made aware that the City Council will host an Open
House/Forum session with all Citi Commissions on Wednesday, April 10, 2013
beginning at 6:00 PM in Constitution Hall at the Community Center.
Adjournment
With no other business to transact, Mr. Newman adjourned the meeting at 7:18 PM.
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