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Regular City Council Meeting Monday,November 13, 2017 Page 2 a. Receive Finance Commission Recommendations on Roles and responsibilities of the Commission, the 2018 Preliminary Budget and Levy, and Utility Base Rates Mayor Roe welcomed Finance Commissioners Matt Harold, Edwin Hodder, and Peter Zellar to tonight's discussion. As detailed in the Request for Council Action (RCA) of today's date, Finance Di- rector Chris Miller reviewed three recommendations from the commission based on previous City Council direction to the commission, with other items still pend- ing and under discussion. However, Mr. Miller noted the commission's desire to provide a timely progress report and this information at this point as outlined in the RCA. Recommendation for Modifications to City Code Chapter 208 Mr. Miller reviewed the proposed minor modifications for the Finance Commis- sion as detailed in lines 19—58 of the RCA. Specific to Item G (page 2, lines 44-45), Councilmember McGehee opined that "review city's financial affairs..." was too vague and she preferred language to address only a review of the city's "investment policy and portfolio..." Councilmember Willmus stated his preference for the more open-ended language allowing for a broader interpretation as proposed to allow the commission's re- view as things arise in other areas, and disagreed with the more narrow scope suggested by Councilmember McGehee. In her review of the opening paragraph providing that broader scope, Coun- cilmember Laliberte agreed with the opening paragraph under"Scope, Duties and Functions" as presented. Councilmember Etten clarified that this discussion and the proposed commission recommendation included not just the opening paragraph but also the line pro- posed by Item G as noted. If leaving the opening paragraph as presented and suggested by Councilmember Laliberte, Councilmember McGehee opined that then Items A through H are spe- cific as to what that means and not needed to be restated. However, Coun- cilmember McGehee opined that Item G was another function; but reiterated her concern that "review of city financial affairs" was too vague and general a func- tion for the commission. Councilmember Etten opined that he didn't feel strongly either way, and whether a review of the city's financial affairs was needed as a function, he thought it was already addressed in the opening paragraph.