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HomeMy WebLinkAboutBudget/Finance Committee Minutes 02.23.2000 MINUTES BUDGET/FINANCE COMMITTEE FEBRUARY 23, 2000 7:00 P.M. OLD COUNCIL CHAMBERS MEMBERS PRESENT: Chairman Bud Johnson Ken Olson Gay Easton Chuck Rodgers OTHERS PRESENT: Larry McCann Rick Musson Jim Stevens Mary Embleton Bud Johnson opened the meeting by explaining the purpose was to come up with some ideas and goals to begin to define a direction for the city. To do this, the city needs to identify the issues and the dollars associated with those issues, set priorities, and outline time frames. Discussion was held regarding: What are each department's needs and goals? Short range plans Long range plans Roles and responsibilities of- Council Mayor Department Heads Community Funding sources Tracking progress Larry stated that a comprehensive Capital Improvement Plan was needed. Discussion followed regarding the type of plan, preferably one that contains a formal process to change the direction set by the CIP. The department heads agree that they need direction. At present, only the Fire Department has developed, and is currently using, a 1 O-year equipment replacement schedule. The group identified the following steps to implement a CIP: 1. Change budget process input to reflect CIP thoughts. 2. Send out a Request for Proposal for CI1~ process, which must be a citywide CI~. Larry will send out two RFP's on February 25 (one for CIP and one for Engineering Services), which will be due back on March 10. He will then present his recommendation for engineering to Public Works on March 13. There will be a follow-up meeting of the Budget?Finance Committee and Department Heads on March 14 for the CIP. Recommendations for both RFP's should be ready for the March 21*t council meeting. Mary then presented some ideas on changing some of the accounting methods for the upcoming budget. She proposed using the direct cost method, especially in the area of the Enterprise Funds and the past practice of using "Administrative Charges" based on General Fund percentages, to transfer these "costs" from the Enterprise Funds back to the General Fund. The meeting adjourned at 8:30 p.m. Respectfully submitted, City Clerk-Treasurer NOTE: Due to the detail required for the Capital Improvement Plan RFP and the time needed to review the proposals, the meeting scheduled for March 14th is postponed. The engineering services RFP has been delayed pending the results of the CI~ proposal.