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HomeMy WebLinkAbout2014 10-06 CCM Joint Work Session with Financial Commission MINUTES OF THE PROCEEDINGS OF THE CITY COUNCIL OF THE CITY OF BROOKLYN CENTER IN THE COUNTY OF HENNEPIN AND THE STATE OF MINNESOTA JOINT WORK SESSION WITH FINANCIAL COMMISSION OCTOBER 6, 2014 CITY HALL - COUNCIL CHAMBERS CALL TO ORDER The Brooklyn Center City Council met in Joint Work Session with the Financial Commission and the session was called to order by Mayor Tim Willson at 6:30 p.m. ROLL CALL Mayor Tim Willson and Councilmembers Kris Lawrence-Anderson, Lin Myszkowski, and Dan Ryan. Councilmember Carol Kleven was absent and excused. Also present: City Manager Curt Boganey, Finance Director Nate Reinhardt, and Deputy City Clerk Maria Rosenbaum. Others present were Financial Commissioners Anna Burke, Steve Landis, Rex Newman, Dan Schueller, James Schulz, and Dean Van Der Werf. Councilmember Ryan moved and Councilmember Myszkowski seconded to approve this evening's agenda. Motion passed unanimously. SPECIAL REVENUE FUNDS INTERNAL SERVICE FUNDS DEBT SERVICE FUNDS Finance Director Nate Reinhardt provided an overview of the Special Revenue Funds, which include the Community Development Block Grant (CDBG) Fund, Police Forfeitures, Tax Increment Financing Districts (TIF), City Grants, Recreation Grants, and Police Grants. Finance Director Reinhardt also presented information on the Internal Service Funds, Equipment Replacement, Central Garage Cash Flow, Debt Service Funds, Combined Debt Payment Schedule for Debt Service Funds (Principal and Interest), and information on a proposed debt issue for 2015. There was discussion regarding the police officers body microphones and it was noted that the Police Chief will be asked to provide more information as to what is covered with the proposed $15,000 and what the total cost would be to have all police officers equipped with body microphones. A question was raised as to whether or not the recently damaged fire truck will be repaired or replaced. It was noted that the damaged fire truck is proposed to be replaced two years earlier than the replacement date because it was more cost effective than repairs. There will be some insurance funds provided and Finance Director Reinhardt will provide those numbers. 10/06/14 -1- There was some discussion regarding the golf course equipment replacement items and whether or not it will be necessary to replace them now. It was noted the items have reached the useful life and it has been determined the cost of maintenance exceeds the dollar of replacement. The golf course will be discussed further at a future Work Session. A question was raised as to what the life expectancy is for a street sweeper. City Manager Boganey answered that he thought it was 15 years; however, he will report back on the exact amount of years. A question was raised as to whether or not a comparison regarding backward debt/financing could be researched to provide reliable data for the new water treatment plant. City Manager Boganey answered that could be done by putting information together from the Comprehensive Annual Financial Report(CAFR). FUTURE BUDGET DISCUSSIONS/CITY COUNCIL MEETINGS Listed with the agenda packet were future budget meetings which included October 20, 2014, and November 3, 2014. November 10, 2014, would be the regular City Council meeting where the Utility Rates would be considered and December 1, 2014, would be the Public Hearing and Budget adoption. ADJOURNMENT Councilmember Ryan moved and Councilmember Myszkowski seconded to adjourn the Work Session at 7:30 p.m. Motion passed unanimously. 10/06/14 -2- STATE OF MINNESOTA) COUNTY OF HENNEPIN) ss. Certification of Minutes CITY OF BROOKLYN CENTER) The undersigned, being the duly qualified and appointed City Clerk of the City of Brooklyn Center, Minnesota, certifies: 1. That attached hereto is a full, true, and complete transcript of the minutes of the of the City Council of the City of Brooklyn Center Joint Work Session with Financial Commission held on October 6, 2014. 2. That said meeting was held pursuant to due call and notice thereof and was duly held at Brooklyn Center City Hall. 3. That the City Council adopted said minutes at its October 13, 2014, Regular Session. AW9r'J City Clerk Mayor 10/06/14 -3-