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