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Commission and Committee: <br />Committee Name: Financial Planning and Analysis Committee (FPAC) <br />Established by the Arden Hills City Council: March 12, 2007 <br />General Purpose for Committees and Task Forces: <br />The overall purpose of the committees and task forces are to improve the value of the Arden Hills citizens’ <br />property, increase the desirability of Arden Hills as a place to live or work, and to enhance/protect the <br />health and well-being of the citizens. <br />While the City Council and City Staff have the sole responsibility for activities within the City of Arden <br />Hills, from time-to-time, they find it desirable, advantageous, and necessary to bring together residents of <br />Arden Hills in order to broaden and enrich the discussion around possible decisions. As an example, the <br />City Council’s ability to debate and discuss far-ranging alternatives is stifled by the risk that the mere <br />discussion of alternatives will engender them with undeserved merit. In addition, Arden Hills will always <br />seek to hire the most qualified and capable employees, but in doing so will frequently hire staff that is not <br />intimately connected to the Arden Hills neighborhoods. Therefore it is critical that the City create a <br />mechanism where the City Staff can get unfettered and unbiased reaction to their novel thoughts and ideas. <br />The Commission, Committee and Task Forces are established to broaden and enrich the content that will <br />ultimately be enacted or authorized by the elected City Council. <br />Mission/Purpose: <br />The Financial Planning and Analysis Committee’s purpose is to provide modeling, projections, and suggest <br />fiscal policies surrounding the longer-term impact of current and near term decisions. This includes: build <br />versus lease decisions; future Fire/Police capital facilities/equipment; fund balance policies and capital <br />improvement plans. Use of public financing to achieve these objects is included in this mission/purpose. <br />Review of operating expenses and annual budget are explicitly excluded from the scope and responsibility <br />of this committee, provided however, that this committee will depend upon financial reports and actual <br />financial history of the City. <br />Expected Outcomes: <br />1. Review/Recommend Fiscal Polices__________________________________ <br />2.Review Public Financing Policy in General for the City of Arden Hills______ <br />3.Respond as requested to Council requests for input______________________ <br />Specific objectives will be determined by the committee once it has been formed. <br />Specific Objectives: <br />1. _______________________________________________________________ <br />2._______________________________________________________________ <br />3._______________________________________________________________ <br />4._______________________________________________________________ <br />Immediate Actions In-Process: