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Roseville Finance Commission Agenda Item Page 1 of 2 Memo To: Roseville Finance Commission From: Chris Miller, Finance Director Date: August 10, 2016 Re: Item #7: Continue Discussion Items for the Joint Meeting with the City Council Background At the July 12, 2016 Finance Commission meeting, the Commission identified various topics for possible discussion at the upcoming Joint City Council/Finance Commission meeting on August 15, 2016. Those topics included:  What level of budget review should the Finance Commission take? Any specific area?  Should the Finance Commission be involved in reviewing the annual audit reports, internal controls, investment policies & performance?  Developing standardized budgeting & financial reporting packages/financial dashboard  Golf Course financial review  Local Option Sales Tax  CIP Recommendations  Tax Levy & Budget Recommendations The Commission is asked to review the list and revise as desired. Approximately 40 minutes has been set aside during the joint meeting for the Commission to present information and seek guidance. As noted previously, it is suggested that the Commission select a specific Member(s) to address each topic. If you intend to offer any specific recommendations, the Commission is advised to first adopt them, by motion, at your August meeting. In contrast, if you’re simply offering the Commission’s general sentiment on a particular topic then a simple acknowledgement of what you intend to convey would probably suffice. For example; if the Commission wants to recommend that the 2017 property tax levy be limited to no more than 3%, then the Commission should take a formal vote to approve it. If on the other hand, the Commission merely wants to encourage the Council to exercise fiscal restraint, then a formal vote probably isn’t necessary. Staff Recommendation See ‘Requested Commission Action’ below.