06-25-07 Minutes for Approval - Laserfiche WebLink

Home Browse Search

ARDEN HILLS CITY COUNCIL WORK SESSION—MAY 21, 2007 12 Discussion ensued. 2) 2007 Financial Update-l" Quarter • Finance Director Iverson reported the field work on the audit is completed. She pointed out the 2007 numbers have not yet been adjusted for changes and corrections. She implied that the numbers might not be in the correct categories or departments. She explained that going forward,quarterly updated reports would only include the 2007 year- to-date numbers with the budget variance listed along with explanations. Discussion ensued. Finance Director Iverson commented that once the investment policy is complete, new investment will be made as well as a change in investment companies. 3) Financial Planning and Analysis Committee(FPAC) Update Finance Director Iverson reported the first FPAC meeting would be held May 23, 2007 at 7:00 p.m. She stated the order of business would be to appoint a chair, set a meeting schedule, and organize the group. She explained staff would hold a training session on Government Fund Accounting and Budgeting at this meeting to familiarize the committee members with public sector policies and procedures. Finance Director Iverson provided copies of the training materials to Council and staff. • Finance Director Iverson mentioned that Council is welcome to attend the meeting. 4. Council Comments and Requests Councilmember Holmes questioned whether a review process should be implemented for individuals that are not selected to a committee, commission, or task force. She commented that she spoke to an individual who applied four times and had not heard back from the City. City Administrator Wolfe stated there was a decentralized process recruitment process in the past. She commented that staff often did not know who had applied. She noted that a centralized process is being put into place and will be managed out of the Assistant City Administrator office. Discussion ensued. Consensus was reached that staff would work on a flexible process for appointing committee, commission, and task force members.