HomeMy WebLinkAbout03-18-09 MINUTES
-ARZE2\1_ HILLS
FINANCIAL PLANNING & ANALYSIS COMMITTEE
Wednesday, March 18, 2009
6:00 P.M.
Second Level Conference Room, Arden Hills City Hall
CALL MEETING TO ORDER AND ROLL CALL
The meeting was called to order by Scott Bronson at 6:00 pm.
MEMBERS PRESENT: Scott Bronson; Stan Harpstead, Council Liaison; Jeff Johnson;
Jim Ostlund
MEMBERS NOT PRESENT: Maurice Gieske
OTHERS PRESENT: Pat Harris,4M Fund Representa 've; Sue Iverson, Finance
Director; Arlene Mitchell, Communication Committ ember; Joe Rueb, Accounting
Analyst; Gail Robertson, Ehlers & Associates, Inca "
Call to Order
1. APPROVAL OF THE AGENDA
Motioned: Jeff Johnson
Seconded: Jim Ostlund
2. APPROVAL OF FEBRUA , 2 b •.MINUTES
Motioned: Jeff Johnson
Seconded: Jim Ostlund
3. UNFINISHED AN S ESS
A. Gail Robertson, h. - ssociates, Inc. —Arbitrage and Post Issuance
Compliance Policie'
Gail provided handouts for the group. Is Arden Hills in compliance with all
reporting for current bonds? Our policies should require a trustee to prepare
all reports. The borrowing party should pay all charges accrued by the
arbitrage. The City should establish a pre-issuance policy and a post-issuance
policy.
B. Pat Harris, 4M Fund Reporesentative—Information on 4M Fund
Pat provided handouts for the group. Commercial paper is not a
recommended investment. Pat will provide additional information on holding
reports.
. City of Arden Hills
1245 West Highway 96•Arden Hills Minnesota 55112
Phone 651.792.7800•Fax 651.634.5137
www.ci.arden-hi lls.mn.us
Chair Initial
F.Director Initial
MINUTES
-- EN HILLS
III 4. REPORTS
A. Report from the City Council
Mayor Harpstead updated the committee on previous Council actions and
activities.
B. Financial Planning and Analysis Committee Comments and Requests
NEXT MEETING—Wednesday, April 15, 2009
5. ADJOURNMENT
Motioned: Jeff Johnson
Seconded: Jim Ostlund
Scott Bronson, Chair K. Iverson, Finance Director
•
ii"
• City of Arden Hills
1245 West Highway 96•Arden Hills Minnesota 55112
Phone 651.792.7800•Fax 651.634.5137
www.ci.arden-hills.mn.us
Chair Initial
F.Director Initial