02-20-07 Item 2A2, Proposed New FPAC

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'4 t ,,,-,. Commission and Committee: Established by the Arden Hills City Council: Committee Name: Financial Planning and Analvsis Committec (FPAC) General Puroose for Committees and Task Forces: Thc overall purpose of the committees and task forces are to improve the value ofthe 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 with in thc City of Arden Hills, from time-ta-time, they find it desirable, advantageous, and necessary to bring together residents of Arden Hills in order to broaden and emich 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 staff that 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 uubiased reaction to their novel thoughts and ideas. The Commissiou, 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 pmpose is to provide modeling and projections surrounding the longer-term impact of current and near term decisions. Possible analysis include; build versus lease decisions on future Fire/Police capital facilities/equipment; PMP fund balances and project scheduling; Establishment of fee and license levels, Use of bonding capacity to accelerate projects where the cost inflation would be greater than the financial costs; use ofTIF or bonding capacity to increase the underlying property value in Arden Hills; use of foundation and outside funding resources; Other potential topics include: investments, assessments, and payment structures. Review of operating expenses and annual budget are explicitly excluded from the scope and responsibility of this connnittee, provided however, that this connnittee will depend upon financial reports and actual financial history ofthe City. Expected Outcomes: 1. 2. 3. 4. 5. Specific Objectives: I. 5.