HomeMy WebLinkAbout2015 04-16 FCA
AGENDA
Brooklyn Center Financial Commission
Thursday, April 16, 2015 – 6:30 PM
All American Conference Room (Main Level of City Hall)
I. Call to Order
II. Approval of Agenda
III. Approval of Minutes for June 19, 2014
IV. Election of Commission Chairperson
V. Election of Commission Vice Chairperson
VI. RFP for Banking Services
VII. Other Business
a. Future Meeting Dates
i. Work Session w/City Council: Audit Report Presentation
(MMKR) – Monday, June 1, 2015
ii. 2016 Budget Work Session Schedule
VIII. Adjournment
City of Brooklyn Center
FINANCIAL COMMISSION
Financial Commission meets on the 3rd Thursday of each month, 6:30 p.m., at City Hall, as well as in joint
session with the City Council during the budget planning process. The Financial Commission advises the
City Council on financial matters in Brooklyn Center. Commissioners serve a three-year term. Chairperson
and six members.
[Minn. Stat. 13.601, Subd. 3(b) states that once an individual is appointed to a public body the following data are public: (1) the
residential address; (2) and either a telephone number or electronic mail address where the appointee can be reached, or both at the
request of the appointee.]
Rex Newman, Chair
3107 61st Ave N (29)
763-561-2760
rexnewman@comcast.net
1/8/07-12/31/17
Elected Chair 3/30/10
Anna Burke
7012 Morgan Ave. N (30)
612-423-9610
burke282@gmail.com
7/14/14-12/31/16
Teneshia Kragness
5906 Vincent Ave N (30)
763-412-7248
mrskragness@yahoo.com
8/23/10-12/31/17
Steve Landis, Vice Chair
7118 Grimes Ave N (29)
763-503-7899
landis.steve@gmail.com
2/22/10-12/31/15
Dan Schueller
5937 Emerson Ave N (30)
763-566-6417
dschue5@yahoo.com
1/11/10-12/31/17
James Schulz
5913 Colfax Ave N (30)
763-208-6674
j.schulz@afpi.com.
4/14/14-12/31/16
Dean Van Der Werf
6736 Regent Ave N (29)
763-561-0146
deanvanderwerf@gmail.com
7/11/11-12/31/15
2015 Council Liaison – Lin Myszkowski
councilmembermyszkowski@ci.brooklyn-
center.mn.us
Staff Liaison Nathan Reinhardt
nreinhardt@ci.brooklyn-center.mn.us
Updated 1/12/15
Financial Commission Agenda Items No. 3
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Financial Commission
Regular Meeting Minutes
June 19, 2014
1. Call to Order
The meeting was called to order by Acting Chairperson Mr. Landis at 6:35 PM
Members Present: Commissioners Landis, Van Der Werf, Schueller and Schulz.
Members Absent: Chairperson Newman (excused), Commissioner Kragness
(excused), Council Liaison Lawrence-Anderson (excused).
Staff present was Finance Director Reinhardt.
2. Adoption of the Agenda
Mr. Landis moved adoption of the June 19th, 2014 agenda. Mr. Schueller seconded
the motion. With all in favor, the agenda was adopted.
3. Minutes
Mr. Schueller moved adoption of the minutes from the January 16, 2014 meeting.
With no objection, the motion was adopted.
4. Mayor and City Council Compensation for 2015-2016
Mr. Reinhardt reviewed the City Council policy that every two years it is the
responsibility of the Financial Commission to review the City Council’s compensation
and recommend a compensation level for the upcoming two years. Comparison of
compensation from communities identified in the policy was provided along with
financial implications of various levels of compensation increases.
Written comments provided by Commissioner Newman were read, which supported
no adjustment for the next two years based on the current compensation of 10%
above the averages provided.
The Financial Commission discussed what the appropriate level of compensation
compared to other communities should be. Commissioner Van Der Werf inquired
whether the Commission believed we should authorize additional compensation to
reimburse technology expenses that were necessary for the City Council to complete
their duties as Councilmembers.
The Financial Commission expressed their appreciation for all the efforts and the
amount of time commitment of the City Council and recognized that they are valued
members of the community. However, because of the continued slow growth of the
economy they questioned how an increase would reflect on the citizens of the
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community. The Financial Commission also cited the relative position in the 10 city
comparison of mayor and city council wages as the rationale for their
recommendation.
Commissioner Van Der Werf moved adoption of a 0% increase for the next two
years. Mr. Schueller seconded the motion. With all in favor, the motion was
adopted.
The Financial Commission noted that their recommendation was not performance
based.
5. RFP for Audit Services
Mr. Reinhardt reviewed updates to the RFP for Auditing Services that included the
additional of requesting proposals for the Fire Relief and discussed the schedule for
the process.
6. Future Meeting Dates
Commissioners were made aware of the joint budget meeting dates with City
Council. The first joint work session will be held on Monday, July 7, 2014 beginning
at 6:30 PM in the City Council Chambers.
7. Feedback on Work Session w/Auditor on 2013 Audit
Commissioners discussed the auditor’s presentation from June 3, 2014. The
Financial Commission discussed the declining use of the golf course and discussed
potentially adding the topic to a future meeting to further explore options relating to
the golf course.
Adjournment
With no other business to transact, Mr. Landis adjourned the meeting at 7:30 PM.
Financial Commission Agenda Items No. 4
Financial Commission Agenda Items No. 6
Memorandum
Date: April 16, 2015
To: Financial Commission
From: Nathan Reinhardt, Finance Director
Re: RFP for Banking Services
Attached is a draft Request for Proposals (RFP) for banking services. The City
Council Code of Policies requires that various financial professional services
purchased by the City be subjected to a proposal solicitation process. Each
service is reviewed every six years. The last RFP for banking services was
completed in 2008.
The timeline for the process is as follows:
Date Description
Thursday, April 16, 2015Financial Commission Review
Monday, May 11, 2015City Council RFP Approval
Wednesday, May 13, 2015Banking RFP Releases
Send to US Bank, Post on LMC, Website)
Friday, June 19, 2015Due Date for proposals (4pm)
Monday, July 13, 2015Staff Recommendation for City Council Approval
Wednesday, July 15, 2015 Selected Firm Notified
September 01, 2015Service Implementation
Please review this proposed RFP and bring questions and/or comments to the
April 2015 meeting.
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City of Brooklyn Center
Minnesota
Request for Banking Services
May 13, 2015
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City of Brooklyn Center
6301 Shingle Creek Parkway
Brooklyn Center, MN 55430-2113
Request for Proposal
Banking Services
TABLE OF CONTENTS
I. INTRODUCTION
a. Overview
b. Proposal Calendar
c. Agreement Terms
d. Termination
e. Notices
f. Proposal Evaluation for Submitted Proposals
g. Format Required for Submitted Proposals
II. SCOPE OF WORK/SERVICES
a. Banking Services
b. Proposal Submission
c. Indemnification
d. Independent Contractor
e. Nondiscrimination Clause
f. Miscellaneous Provisions
III. PROPOSAL REQUIREMENTS
a. Audited Financial Statements, Regulatory, and Management Reports
b. Profile Questionnaire
c. Banking Service Questionnaire
d. Desirable Banking Services Questionnaire
e. Compensation, Fees, and Related Information
f. Bid Sheets, General Account
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I. INTRODUCTION
a. Overview
The City of Brooklyn Center (the City) is requesting proposals to provide a full range of banking services. City
policy requires the City to request proposals for banking services once every six years.
Proposers are required to send three (3) hard copies and one (1) electronic (PDF) version of their proposal. The
proposal must be received by 4:00pm on June 19, 2015. The City reserves the right to accept or reject any and
all proposals. The City also reserves the right to retain all proposals submitted and use any ideas in a proposal
regardless of whether that proposal is selected. This RFP and the completed responses will serve as the basis for
the agreement between the City and the successful respondent.
The agreement may be awarded to a single financial institution, or to multiple financial institutions. However, a
single financial institution would be preferred.
There is no expressed or implied obligation for the City to reimburse responding firms for any expenses incurred
in preparing proposals in response to this request.
The successful bidder must be an Equal Employment Opportunity Employer.
b. Proposal Calendar
Request for proposal issued May 13, 2015
Due date for proposals (4:00 p.m. at City Hall) June 19, 2015
Staff recommendation and City Council selection July 13, 2015
Selected firm notified July 15, 2015
Service Implementation September 1, 2015
c. Agreement Terms
The term of this agreement is for a three (3) year period beginning September 1, 2015, with three (3) additional
one (1) year renewal options. The prices quoted in the proposals must be guaranteed for at least three (3) years.
However, cost adjustments will be permitted when an increase becomes necessary due to the increased cost of
items outside of the bank’s control. Any such cost adjustments must be documented, justified, and accepted by
the City before such costs are implemented. The City and the successful institution shall renegotiate the fees to
be charged after the initial three (3) year period for the next one (1) year period, and annually thereafter, for the
remainder of the agreement period. Nothing in this paragraph shall limit the ability of the parties to terminate the
agreement at earlier dates as hereinafter provided.
d. Termination
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Termination for Cause
The City may terminate this agreement, or any part of this agreement, for cause under any one of the following
circumstances:
(a) The bank fails to make delivery of services as specified in this agreement; or
(b) The bank fails to perform any of the provisions of this agreement, fails to perform in a
professionally acceptable manner, or fails to timely perform as to endanger the ability of the
City to perform its duties.
The City shall provide the bank with written notice of the conditions endangering performance. If the bank fails
to remedy the conditions within ten (10) days from the receipt of the notice (or such longer period as may be
authorized in writing), the City shall issue the bank an order to stop work immediately. Notice is effective upon
mailing, postage prepaid and properly addressed or upon personal service to the bank.
In the event the City believes that the assets of the City are in jeopardy, or there is a bona fide emergency related
to these assets, the City can cancel the agreement immediately or upon such notice as is reasonable.
Termination for Convenience
The City may terminate performance of work under this agreement in whole or in part whenever, for any reason,
if the City shall determine that the termination is in the best interest of the City. In the event that the City elects
to terminate this agreement, in whole or in part pursuant to this provision, it shall provide the bank written notice
at least thirty (30) days prior to the termination date. The termination shall be effective as of the date specified in
the notice. The bank shall continue to perform any part of the work that may have not been terminated by the
notice. In the event termination occurs under this provision such shall be without liability to the City and any
officer and employee thereof.
e. Notices
All notices, demands, requests, approvals, reports, instructions, or other communications which may be required
or desired to be given by either party to the other after the effective date of the agreement shall be in writing and
shall be made by personal delivery or sent by United States certified mail, postage prepaid, return receipt
requested or by overnight delivery, prepaid, addressed as follows:
Nathan Reinhardt, Finance Director
City of Brooklyn Center
6301 Shingle Creek Parkway
Brooklyn Center, MN 55430-2113
or to any other persons or addresses as may be designated by notice from one party to the other.
f. Proposal Evaluation and Selection Criteria
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The agreement will be awarded to the financial institution(s) that best meet(s) the needs of the City provided the
fee is reasonable and it is in the best interest of the City to accept it. In evaluating the proposals, the following
criteria will be used:
Responsiveness of the proposal.
The sufficiency of the financial resources and the ability, capacity and skill of the institution to perform
all required and desired services as stated in this RFP on a timely basis.
Responses of client references.
The reputation, financial stability, and longevity of the proposer.
The quality, availability, and adaptability of the services to the particular needs required.
Interviews, if requested.
Cost of the services provided.
Physical facility including the location(s), technology, and security of the facility. City Staff may wish
to visit the facilities prior to awarding the agreement.
The City reserves the right to award the agreement in whole or in part. The City also reserves the right to reject
proposals in whole or in part, that do not comply with the provisions of this RFP. Costs of banking services,
although a significant factor, may not be a dominant factor.
During the evaluation process, the City reserves the right, where it serves their best interest, to request additional
information or clarifications from proposers or to allow corrections of errors or omissions.
g. Format Required for Submitted Proposals
1. Title Page - Show the name of your institution, local address, telephone number, name of contact person,
and the date.
2. Letter of Transmittal - Please limit to one page. Proposers may use this letter to present any information
they consider essential to their proposal. Please list the names of all individuals who are authorized to
make representations for the proposer, along with their titles, addresses, and telephone numbers.
3. Audited Financial Statements, Regulatory and Management Reports
4. Profile Questionnaire - Respond to each question as applicable.
5. Banking Services Questionnaire - Respond to each question as applicable.
6. Desirable Banking Services Questionnaire – Respond to each question as applicable.
7. Compensation, Fees and Related Information - Respond to each question as applicable.
8. Bid Sheets- Respond to each question as applicable. To assist us in comparing the cost effectiveness
of each proposal, you must address all costs both on a per unit basis and on a compensating balance
method of payment.
9. Any additional pertinent information.
II. SCOPE OF WORK/SERVICES
a. Banking Services
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The successful Proposer shall provide all banking services typically provided by banking institutions to their
commercial customers including:
1. Receipt of deposits, including ACH deposits of credit card transactions
2. Processing and clearing of all checks and drafts issued by the City
3. ACH for debt service payments
4. Collateral for all deposits of a type and in the amounts as required by State laws
5. Wire transfers and confirmations
6. Direct deposit of employee payroll checks to their accounts
7. Electronic funds transfers of all federal and state withholding taxes
8. Online Banking Services
In addition, the City shall take into consideration the ability of the proposer to provide the following desirable
services:
1. Reports:
A. Daily report of the current balance in the accounts.
B. A monthly statement, with written confirmation for all transactions enclosed, by the
tenth of each month.
C. Monthly account analysis report listing transactions processed and average balances.
D. Monthly collateral reports that list type of collateral, market value and ratings.
2. Credit card services
3. Purchasing card program
4. Sweep account for investment of available balances
5. Positive Pay
6. Other services provided by the proposer
b. Proposal Submission
Proposers are required to send three (3) hard copies and one (1) electronic (PDF) version of their proposal. The
proposal must be received by 4:00pm on June 19, 2015. The proposals must be signed by an official authorized
to bind the institution to its provisions. Proposals are to be sent to:
Nathan Reinhardt, Finance Director
City of Brooklyn Center
6301 Shingle Creek Parkway
Brooklyn Center, MN 55430-2113
Nathan Reinhardt, Finance Director
nreinhardt@ci.brooklyn-center.mn.us
Proposers shall use complete sets of the documents in preparing their proposals. The City assumes no
responsibility for errors or misinterpretations resulting from the use of incomplete sets of these documents. In
making copies of these documents available, the City does not confer a license or grant permission for any other
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use of the documents other than for the purpose of obtaining proposals on the work.
c. Independent Contractor
It is agreed that nothing herein contained is intended or should be construed in any manner as creating or
establishing the relationship of co-partners between the parties hereto or as constituting the Depository as the
agent, representative or employee of the City for any purpose or in any manner whatsoever. The Depository is to
be and shall remain an independent contractor with respect to all services performed under this agreement. The
Depository represents that it has, or will secure at its own expense, all personnel required in performing services
under this agreement. Any and all personnel of the Depository or other persons while so engaged, and any and
all claims whatsoever on behalf of any such person or personnel arising out of employment or alleged
employment including, without limitation, claims of discrimination against the Depository, its officers, agents,
contracts or employees shall in no way be the responsibility of the City; and the Depository shall defend,
indemnify and hold the City, its officers, agents, and employees harmless from any and all such claims regardless
of any determination of any pertinent tribunal, agency, board, commission or court. Such personnel or other
persons shall not require nor be entitled to any compensation, rights or benefits of any kind whatsoever from the
City, including, without limitation, tenure rights, medical and hospital care, sick and vacation leave, Workers’
Compensation, Unemployment Compensation, disability, severance pay and PERA.
d. Miscellaneous Provisions
All books, records, documents, and accounting procedures and practices of the successful proposer relevant to the
agreement shall, pursuant to Minnesota Statutes, Section 16B.06, subd. 4, be subject to examination at all times
by the City’s Internal or External Auditors, and/or by the Legislative Auditor or State Auditor.
The Bank shall at all times abide by Minn. Stat. § 13.01 et seq., the Minnesota Government Data Practices Act, to
the extent the same is applicable to data and documents in the possession of the Bank.
If the Bank refuses or fails to furnish goods or services in accordance with the requirements of the agreement and
within the time limitations contained in the agreement, the City may purchase such goods or services from other
sources until such time as the Bank is able to perform under the terms of the agreement.
Data Practices Act. The Bank shall at all times abide by the Minnesota Government Data Practices Act, Minn.
Stat. § 13.01, et seq., to the extent that the Act is applicable to data and documents in the hands of the Bank.
Audits. The books, records, documents, and accounting procedures and practices of the Bank or other parties
relevant to this agreement are subject to examination by the City and either Legislative Auditor or the State
Auditor for a period of six years after the effective date of this Agreement.
Conflicts. No salaried officer or employee of the City and no member of the governing body of the City shall
have a financial interest, direct or indirect, in this agreement. The violation of this provision renders the
Agreement void. Any federal regulations and applicable state statutes shall not be violated.
The proposer agrees that this document and the agreement, if awarded to the proposer, shall be construed and
governed by the laws of the State of Minnesota.
The proposer agrees to at all times observe and comply with all laws, ordinances, regulations, and codes of the
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federal, state, and local government which may in any manner affect the preparation of proposals or the
performance of the agreement.
To be qualified to submit a proposal, an institution must have a service agent in the State so that service of a
summons or legal notice may be had on the designated agent.
I. PROPOSAL REQUIREMENTS
a. Statements, Regulatory and Management Reports
1. For fiscal years 2011, 2012 and 2013, provide copies of each report issued as described below unless
you are legally prohibited from such disclosure. Include management responses, if any, to all reports
provided.
(A) EXTERNAL AUDIT AND REGULATORY EXAMINATION REPORTS
(1) Independent Certified Public Accountants
(2) Minnesota State Banking Commissioner
(3) Comptroller of the Currency
(4) FDIC
(B) INTERNAL AUDIT AND MANAGEMENT REPORTS
(1) Contracted Performance and System Reviews, Audits and Evaluations
(2) Internal Audit and Review Reports
b. Profile Questionnaire
1. Provide a brief description of the history of the institution's provision of banking services.
2. Describe the organizational structure of your institution and the departments which will oversee the
agreement.
3. Describe your service capabilities for a customer the size of the City, including those items which set
you apart from your competition.
4. What is the institution's commitment to large corporate or government customers? How many
governmental customers does your business service?
5. Provide three (3) references from public funds or government-related customers of one (1) year or more
with characteristics similar to the City or commercial banking customers that utilize similar services that
the City will use.
6. Identify and describe any litigation or investigation by a regulatory authority of your business, which
officers or employees have been involved in within the last three years.
7. Discuss the financial stability and credit quality of your institution. Provide ratings for the institution
and its holding company from two or more nationally recognized rating agencies. List all rating changes
for the past five (5) years.
8. List names, titles, phone, and email addresses of key persons in charge of banking services and the
account administrator who would be assigned to this account. Provide biographical sketches of these
individuals and identify their rank and level of authority.
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c. Banking Service Questionnaire – Required Banking Services
Currently, the City maintains a single general checking account. Primary locations depositing
receipts include the City Hall, Recreation Department, Police Department, golf course, convention
center, and two (2) liquor stores.
1. Receipt of Deposits and Depository Service Options
A. List the bank location closest to the following locations.
City Hall - Main account 6301 Shingle Creek Parkway
Police Department
6645 Humboldt Avenue N
Centerbrook Golf Course 5500 North Lilac Drive
BC Liquor store #1 5625A Xerxes Avenue N.
BC Liquor store #2 6930 Brooklyn Boulevard
Earle Brown Heritage Center 6155 Earle Brown Drive
B. Are night drop, vault, and branch service options available? Is pricing different for utilizing
these different deposit options?
C. What courier services are provided by the Bank, if any, for pick up and delivery of deposits? If
not provided by the Bank, what third-party couriers are available and/or recommended and what
is their cost for providing the service? What is the cut off time for same day credit?
2. Deposit Verification
The Bank must process an adjusting debit or credit for deposit discrepancies. Copies of all adjustments
and their documentation should be received at our office by the end of the next business day. Describe
the documentation provided for deposit discrepancies.
3. Currency Services
Describe the deposit and change order procedures, cut off times, and other features of this service.
Detail
any costs associated with the features of this service.
4. Return Item Processing
A. Return items must be automatically re-deposited one time unless specifically instructed in
writing to do otherwise.
(a) What is the per item charge for re-depositing an item?
(b) What is the per item charge for return items?
5. ACH Deposit of Credit Card Transactions
Are there charges related to the ACH deposit or electronic deposit settlement of credit card transactions?
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6. ACH Withdrawal from Checking or Savings Accounts
The City withdraws utility payments from checking and savings accounts via ACH. Does the bank
require accounts to be prenoted before the initial withdrawal? Are there any charges related to
withdrawing funds via ACH?
7. The financial institution shall promptly process wire transfers and shall promptly notify the City
when wire transfers are confirmed. What methods of initiation does the Bank offer for wire
transfers? Describe each method's process of initiation, approval and release.
8. Online Banking Services
A. Describe and hardware and software the City would be required to install?
B. Provide information on the government’s financial management system and the formats that
it accepts for receiving banking data.
C. Please provide a detailed description of online services and a list of all capabilities, including
ability to provide the following basic services:
Reporting
a. Daily balance reporting – summary
b. Daily balance reporting – detail (with check detail and images)
c. Daily ACH and wire with full addenda information
d. Current day reporting
Execution of Transactions
a. Transfers between accounts
b. Initiation of wire transfers
c. Initiation of stop payment orders
d. Positive pay actions including time requirements
e. Initiation of ACH transactions
Internal Controls
a. Online cleared check information/images
b. Multi-level security administration requirements
c. Positive pay reports
9. Security
Is a Log-on Report available showing all log-ons over a given period, including User I.D., date and
time?
How long is this log kept?
d. Banking Service Questionnaire – Desirable Banking Services Questionnaire
In addition, the City shall take into consideration the ability of the proposer to provide the following:
1. Reports
Describe your ability to provide the following reports:
A. Daily report of the current balance in the account(s).
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B. Monthly statement, with written confirmation for all transactions enclosed, by the tenth of each
month.
C. Monthly collateral reports that list type of collateral and market value and rating.
2. Credit card services
The City currently provides credit cards to approximately six (6) City employees. Describe your credit
card program and the applicable charges.
3. Sweep account for investment of available balances
Describe the sweep account services, including the processes followed, any charges, and interest income.
4. Positive Pay
Please indicate if you can provide this service and any associated fees.
5. Processing of Deposits and Orders for Currency
If the Bank has a business location within the corporate limits of the City of Brooklyn Center, deposits
and orders for currency will be transported to the Bank by a third party armored car service.
If the Bank does not have a business location within the corporate limits of the City, please indicate what
secure arrangements are available for processing cash and currency transactions with the full service
location closest to Brooklyn Center and what costs would be expected.
e. Compensation, Fees and Related information
1. The attached bid sheet has all categories of service identified which the City reasonably expects to be
billed. If there are other fees or costs not identified on the bid sheet for which the institution expects
to charge, attach a supplemental price schedule for such services. Include one-time or set up
charges, research fees, wire fees, and all other fees that will be charged.
2. Fees for services must be billed in conjunction with an analysis statement. Fees cannot be debited to
our account until the City reviews and approves the analysis statement. Describe your proposed
billing cycle (monthly, quarterly, etc.) Also, describe the process for the payment of bank fees.
Furnish a copy of your analysis statement or statements.
3. Charges for overdrafts must be handled through the analysis statement process. Please show what
your pricing will be if an overdraft occurs and how overdraft balances are calculated. Are
uncollected funds caused by an overdraft netted against positive balances in other accounts during
the analysis process?
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f. Bid Sheets
The General account bid sheet has all of the various charges the City expects to pay. The Bank should also
include any one-time or set up charges, research fees, wire fees, and all other fees that will be charged.
The numbers listed with the following sections represent the approximate item count on a normal monthly basis.
These item counts will be used to compare the “cost” portion of the proposals. The actual item count during the
agreement term may vary.
Account: General
Average ledger balance: $0 (Zero balance Account)
Item
Average per month
Unit
Cost
Monthly
Total
Account Maintenance Fee
ACH Origination Monthly Fee 1
ACH Origination File Fee 3
ACH Origination Per Item Fee 550
Debit/Check Items 500
Credit/Deposit Items 275
DDA statement - serialized
Cash deposited
Rolled coin order
Boxed coin ordered
Currency per strap
Deposited items on main account (“on us”) 1,150
Deposited items local 400
Deposited items country
Deposited items main accounts clearings
Deposited items select RCPC
Deposited items transit 350
Deposited items RCPC
Return items
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Item
Average per month
Unit
Cost
Monthly
Total
Redeposit Charge 8
Check sequencing item priority
Stop payments 2
Charge Back Fee 12
ACH received items
Electronic Debits 45
Electronic Credits 150
WT online 3
WT outgoing repetitive voice
WT outgoing non-repetitive voice
WT repetitive codes
Incoming Domestic Wire 3
Outgoing Domestic Wire 1
Monthly Account Maintenance Fee
Additional _________________________
Additional _________________________
Additional _________________________
Additional _________________________
Additional _________________________
Additional _________________________
Financial Commission Agenda Items No. 7
City Council and Financial Commission
Budget Schedule for 2016-2017
June 1, 2015 Tuesday Work Session
CAFR Presentation and Auditors Report
July 6, 2015 Monday Work Session
Capital Improvement Plan and Capital Project Funds
July 20, 2015 Monday Work Session
General Fund – Revenue/Department Requests
August 3, 2015 Wednesday Work Session
General Fund – Department Requests
August 17, 2015 Monday Work Session
General Fund – Department Requests (as needed)
September 14, 2015 Monday Regular City Council Meeting
Proposed adoption of preliminary levy and preliminary
governmental funds budgets
October 5, 2015 Monday Work Session
Special Revenue Funds, Debt Service Funds
Internal Service Funds
October 19, 2015 Monday Work Session
Utility/Enterprise Funds
November 2, 2015 Monday Work Session
Utility/Enterprise Funds (as needed)
November 23, 2015 Monday Regular City Council Meeting
Proposed adoption of the 2016 pay plan,
2016 cafeteria contribution and 2016 utility rates
December 7, 2015 Monday Special City Council Meeting
Public hearing on the recommended budget and levy
followed by proposed adoption of final tax levies and
budgets
December 14, 2015 Monday Regular City Council Meeting
Continuation, as needed, of recommended budget
and levy discussion/approval
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