HomeMy WebLinkAbout09-13-2011 Agenda Chair
James Ostlund (2011) 1245 W. Highway 96
Committee Members �RnEI HILLS Arden Hills, MN 55112
Jeff Johnson (2011) _'�� 651.792.7800
Arlene Mitchell (2012) www.ci.arden-hills.mn.us
John Braun (2013) Arden Hills
Katy Peters (2013)
David Radziej (2013) Financial Planning and
Council Liaison
David Grant Analysis Committee
September 13, 2011
City Vision
A strong community that values its unique environmental setting, strong residential neighborhoods, vital business
community, well-maintained infrastructure, fiscal soundness, and our long-standing tradition as a desirable City in
which to live, work, and play.
Agenda
Regular Committee Meeting Convenes 6:00 PM
Call to Order
1. APPROVAL OF THE AGENDA
2. MINUTES
A. August 9, 2011 — Regular Meeting
3. UNFINISHED AND NEW BUSINESS
A. Budgeting and Fund Accounting Training
4. REPORTS
(1) A. Report from the City Council
B. Financial Planning and Analysis Committee Comments and Requests
5. ADJOURNMENT
A quorum of the City Council may be present at this meeting.
MINUTES
. -AR 1' HILLS
FINANCIAL PLANNING&ANALYSIS COMMITTEE
Tuesday,August 9,2011
6:00 P.M.
Council Chambers, Arden Hills City Hall
CALL MEETING TO ORDER AND ROLL CALL
The meeting was called to order by Jim Ostlund at 6:00 pm.
MEMBERS PRESENT:Jim Ostlund,Arlene Mitchell,John Braun,Jeff Johnson
MEMBERS NOT PRESENT: David Grant;Council Liaison, Katy Peters
OTHERS PRESENT: Sue Iverson,Kyle Howard, David Radziej
Call to Order
1. APPROVAL OF THE AGENDA
Motioned:Jeff Johnson
Seconded: Arlene Mitchell
2. APPROVAL OF April 12,2011, MINUTES
Approved as amended
Motioned: Arlene Mitchell
Seconded: Jeff Johnson
• 3. UNFINISHED AND NEW BUSINESS
A. Introduction of David Radziej
David Radziej was introduced to the Committee as a possible candidate to fill the vacant seat.
B. Review of the City's Conduit Debt Policy
The committee reviewed the City's current Conduit Debt policy. It was determined that no
change to the policy was needed and voted to accept the current policy as it stands.
The reason for no change was because the temporary raise in the City's bank qualification to
$30,000,000 per year expired and has been reduced to the former amount of$10,000,000 per
year. It was also determined that it is highly unlikely for the bank qualification to increase in
the near future. Since the current policy was written to reflect the amount of$10,000,000 the
calculation of 1/8t of 1%of the outstanding balance was still an acceptable amount.
4. REPORTS
A. Reports from the City Council
There were no Council updates.
5. ADJOURNMENT
Motioned: Jim Ostlund at 6:55 pm.
Seconded: Arlene Mitchell
Jim Ostlund,Chair Susan K. Iverson, Finance Director
• City of Arden Hills
1245 West Highway 96•Arden Hills Minnesota 55112
Phone 65(.792.7800-Fax 651.634.5137
www.ci.arden-hills.mn.us
•
EN HILLS
MEMORANDUM
DATE: September 13, 2011
TO: Financial Planning and Analysis Committee
FROM: Sue Iverson, Director of Finance and Administrative Services
Kyle Howard, Finance Analyst
SUBJECT: Meeting agenda
• Budgeting and Fund Accounting Training
We will be covering Budgeting and Fund Accounting basics at the meeting. Since the last time
Sue presented the basics on Budgeting and Fund Accounting to the Committee we have added
new FPAC and City Council members. This will give FPAC and Council an opportunity to learn
about Governmental Accounting and how it is different from the private sector.
Additional Documents
Power Point Slides of the Presentation
•