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Finance Commission Minutes <br />August 10, 2016 – Draft Minutes <br />Page 8 of 8 <br /> <br />financial controls and the City’s Investment Policy and portfolio. She would also like to discuss 315 <br />prioritizing the CIP and the License Center. 316 <br /> 317 <br />Commissioner Konidena suggested prioritizing the list of topics of the tax levy and budget 318 <br />recommendation, CIP recommendations, local option sales tax, and the golf course financial 319 <br />review. 320 <br /> 321 <br />Commissioner Hodder suggested including the Commissions concerns about the use of reserves 322 <br />as part of the budget and levy discussions. 323 <br /> 324 <br />Commissioner Bachhuber suggested making a recommendation to the Council to remove or 325 <br />reword the direction in the Charter for the Commission to get involved with the annual audit 326 <br />report and management letter and the accuracy and effectiveness of the financial controls and the 327 <br />City’s Investment Policy and portfolio. 328 <br /> 329 <br />Chair Schroeder suggested informing the Council the Commission has looked at a financial 330 <br />dashboard for the City but is not prepared to make a recommendation at this time. For the joint 331 <br />meeting the first item the Commission would review is the CIP recommendations with the Park 332 <br />Dedication policy and Golf Course recommendations. 333 <br /> 334 <br /> 335 <br />Receive Update on Cash Reserves 336 <br /> 337 <br />This item was table to the September Finance Commission meeting. 338 <br /> 339 <br /> 340 <br />Identify Discussion Items for the September 13, 2016 Meeting 341 <br /> 342 <br />Chair Schroeder stated the September agenda would include the review of the Cash Reserves and 343 <br />a review of the joint meeting with the City Council. 344 <br /> 345 <br />Commissioner Hodder stated he would provide an overview of the dashboard in September. 346 <br /> 347 <br /> 348 <br />Adjourn 349 <br /> 350 <br />Vice Chair Rohloff made a motion, seconded by Commissioner Zeller to adjourn the meeting. 351 <br />The motion carried unanimously. 352 <br /> 353 <br />Meeting adjourned at 9:03 p.m. 354 <br /> 355 <br />Respectfully submitted, 356 <br />Tina Borg 357 <br />TimeSaver Off Site Secretarial, Inc. 358