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<br />Motion carried. Voting Yes: Chairperson Strommen, Councilmembers Jeffrey and Elvig. <br />Voting No: None. <br /> <br />COMMITTEE INPUT <br /> <br />Chairperson Strommen requested clarification that the next Council work session will include a <br />review of the 2006 and 2007 budgets, including staff recommendations on dealing with any <br />shortfalls in the 2006 budget. <br /> <br />Finance Officer Lund indicated the date for the budget work session will be set during the <br />Council meeting tonight. <br /> <br />Chairperson Strommen inquired when the Council will receive an update regarding the China <br />economic development. <br /> <br />City Administrator Norman indicated this topic will be added to the Council work session <br />following the Committee meeting. <br /> <br />ADJOURNMENT <br /> <br />Motion by Councilmember Elvig, seconded by Chairperson Strommen, to close the regular <br />meeting of the Finance Committee. <br /> <br />Motion carried. <br /> <br />The regular meeting of the Finance Committee adjourned at 6:10 p.m. <br /> <br />Respectfully submitted, <br /> <br />;jj~ ~ <br /> <br />Diana Lund <br />Finance Officer <br /> <br />ATTEST: <br /> <br /> <br />.. <br /> <br />7i <br /> <br />Drafted by Carol Hamer <br />TimeSaver Off Site Secretarial, Inc. <br /> <br />Finance Committee / July 25, 2006 <br />Page 6 of6 <br />