HomeMy WebLinkAbout12-13-2011 Minutes MINUTES
EN HILLS
FINANCIAL PLANNING&ANALYSIS COMMITTEE
Tuesday,December 13,2011
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,Jeff Johnson,Katy Peters David Radziej,David Grant;
Council Liaison
MEMBERS NOT PRESENT:John Braun
OTHERS PRESENT: Sue Iverson,Kyle Howard
Call to Order
1. APPROVAL OF THE AGENDA
Motioned:Jeff Johnson
Seconded: David Radziej
2. APPROVAL OF October 11,2011,MINUTES
Motioned:Jeff Johnson
Seconded:Arlene Mitchell
3. UNFINISHED AND NEW BUSINESS
• A. Presentation of New Fund Balance Policy and GASB 54 Statement
Sue Iverson covered the changes that staff was required to make to the fund structure,due to the
implementation of GASB 54.The addition of new Internal Service funds and combining of
Special Revenue funds was explained to the committee.Changes to the Fund Balance Policy were
also covered as to how GASB 54 required minor changes to the policy.
4. REPORTS
A. Reports from the City Council
Mayor Grant informed the Committee on current events taking place in the city.Truth and
Taxation was presented on December 5th.The Council approved a 1.8%levy increase for 2012
over 2011.Pulte Homes has sold 9 lots in the new Fox Ridge development.The demolition of the
Pods off Lexington Ave and County Road E has been approved.Lastly he explained that CVS was
no longer going to be constructed due to Walgreens closing on a deal before CVS could.
5. ADJOURNMENT
Motioned:Jim Ostlund at 7:00 pm.
Seconded:Jeff Johnson
Jim Ostlund,Chair Susan K.Iverson,Finance Director
11111 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