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Finance Commission Minutes September 13, 2016 – Draft Minutes Page 5 of 6 Chair Schroeder stated based on the joint meeting with the City Council the Commission may 182 want to consider revising their roles and responsibilities in the Charter and this would be added 183 to the October Commission agenda. She stated the Commission has not reviewed the Investment 184 Policy. 185 186 Finance Director Miller stated the Commission had reviewed the policy but there were no 187 changes recommended. The Council direction to perform a performance review of the 188 investments is new. 189 190 Commissioner Zeller stated the Council would like to have the CIP looked at in a 3- to 5-year 191 term. The Commission currently reviews the CIP over a 10-year period. 192 193 Commissioner Bachhuber suggested looking at CIPs for other communities to review the level of 194 detail and format they provide. 195 196 Finance Director Miller stated it would help guide this process to know what the Commission 197 would find valuable. 198 199 Commissioner Bachhuber stated the Commission may not know what would be valuable until 200 they review the information. He suggested doing some research into how other cities present 201 their CIPs. 202 203 Chair Schroeder asked if there had been any updates or changes to the budget. 204 205 Finance Director Miller stated the Council had adopted the preliminary budget and they will 206 make a final decision later in the year. He explained the not to exceed amount was down slightly 207 from the City Manager’s recommended budget because there were some capital items that had 208 been slated for 2017 and these have been pushed to 2018 or 2019. The water and sewer rates 209 will be reviewed by the Council in November. 210 211 Chair Schroeder stated the Council had requested the Commission review the format and content 212 of the budget comment card and article in the July/August City Newspaper and recommend 213 modifications. 214 215 Commissioner Zeller suggested adding this discussion to the January/February agenda. 216 217 Commissioner Hodder asked if the Commission would be continuing discussions on a dashboard 218 concept. He expressed concerns with the variances and the notes that would need to be included 219 when presenting this information to the public. 220 221 222 Identify Discussion Items for the October 11, 2016 Meeting 223 224 Chair Schroeder stated October’s agenda included the EDA budget discussions, rewriting the 225 Commission’s Charter, and the Investment Policy and Performance discussion. 226 Item 3: Attachment A