07-10-07 FPAC Agenda - Laserfiche WebLink

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-WEN HILLS securities of the U.S.Government or an external investment pool. The committee also wanted a"Counter Signature" policy for individual protection. Counter Signature must be one of the following: City Administrator,Asst.City Administration,Mayor,FPAC Chair, or Council Liaison. The draft policy will be emailed to all committee members with the discussed changes for approval and then presented to the City Council at the July 91h meeting for Council approval. VI. NEXT MEETING AGENDA The committee decided to change its meeting date from the third Wednesday of each month to the second Tuesday of each month. This will enable items to be brought forward to the City Council for approval or presentation at their second meeting of the month instead of ding to wait until the next month. The next meeting will be July 10`h if this is acceptable to all mem• S. nce Director Iverson will check with the missing members and if acceptable will change the e o the Ci 's calendars. The next policy will be Fund Balance policies his wi elude reviewing the CIP, the assessment policy, and assessing what we can and cannot affo l •. �`o: is will be based on cash flows; some of this will be done in the future when we work rat:-= ;and other long-range policies. Currently our City works on the basis of pay as you go. Jeff Johnson requested reports with t ast years of critical funds balances within the CIP. VII. JOINT MEETING WI TRC DC AND PLANNING COMMISSION The committee is invited to a joint mee with the Parks,Trails, and Recreation Commission; Economic Development Commission, and the Planning Commission on July 17, 2007, at the Cummings Park Pavilion,at 6:00 p.m. A BBQ will be held first and meeting to follow VIII. ADJOURN Meeting adjourned at 8:20pm. Motioned: Jim Ostlund Approved: Jeff Johnson A quorum of the City Council may be present at this meeting. • Scott Bronson,FPAC Chair Susan K.Iverson,Finance Director City of Arden Hills