07/25/95 - Laserfiche WebLink

Home

Case #3: Schedule Staff/Council Work Session(s) on the 1996 General Fund Operating Budget Finance Officer Hart summarized that, each year, the Council adopts a budget calendar that outlines the processes, work sessions and meetings involving the preparation of the next years operating budgets. In the past, the requests were first reviewed by staff, the Finance Officer and the City Administrator. From these reviews, came recommendations and suggestions for revisions prior to the requests being submitted to the Finance Committee. Ms. Hart explained that this year the initial review process will not take place. Instead, normal work sessions between staff and the Finance Committee will take place and the requested budgets will be reviewed in an unedited fashion. She informed the Committee of the timetable and asked for the sessions to be scheduled. Consensus of the Committee was to meet at 6:00 p.m., Wednesday, August 9, 1995 and again at 6:15 p.m., Wednesday, August 16, 1995. Case #1: Presentation of the Management Report on the 1994 Financial Audit by Ken Malloy, Partner with the Firm of Malloy, Montague, Karnowski, Radosevich & Co., P.A. Ken Malloy, Malloy, Montague, Karnowski, Radosevich & Co., was present to summarize the Management Report on the 1994 Financial Audit as well as answer any questions the Committee may have. He commented on the fact that the City did not have any non-compliance issues and also that the City should not have any trouble obtaining the GFOA Award which is very beneficial for the City - especially in improved bond ratings. He added that the audit goes more and more smoothly every year and commented on the very accurate records that are being kept. Long-term planning was talked about as less and less revenue comes from the state and also the revenue from growth will eventually slow down. Councilmember Beyer commented that the plan should include increasing the tax levy more than "just enough" each year. COMMITTEE INPUT 1 ) Letterhead Finance Officer Hart presented a sample of letterhead generated with the use of the City's computer for the Committee's input. Councilmember Beyer stated that she likes the current letterhead. Councilmember Peterson commented that other cities have some type of symbolism. Councilmember Beahen felt she would like something in between what Jessie presented and the present letterhead. Councilmember Beyer commented that she thought the logo up in the corner of the current letterhead is part of the flag from when the City became a city. Councilmember Zimmerman suggested getting some community involvement. Councilmember Beyer added that this logo was a very sensitive issue. Finance Committee/July 25, 1995 Page 2 of 3