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11-16-2015 Council Special Work Session Minutes
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11-16-2015 Council Special Work Session Minutes
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1/22/2016 11:29:40 AM
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12/16/2015 8:47:26 AM
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City Council
Council Document Type
Council Minutes
Meeting Date
11/16/2015
Council Meeting Type
Work Session Special
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COUNCIL SPECIAL WORK SESSION November 16, 2015 <br />APPROVED <br />matter of the city investment strategy. The city receives very little in investment income <br />and he wonders about possible gains in that area. Ms. Cotton noted that her preliminary <br />review of city investments indicates mainly short term investments and it may be possible <br />to work in some longer term investments to increase revenue while still balancing risk. <br />Mayor Reinert suggested that the city needs to bring in the investment manager from <br />Anoka County because they have found a way to increase their investment income. <br />Council Member Kusterman requested a list of the city investments along with a schedule <br />of bond payoffs. <br />There was an overall discussion about how the CBF fits into the budget picture. The <br />exercise of reducing expenditures and increasing revenue figures in the budget are based <br />on actual expenditures and revenues and the transfer from the CBF to provide funding <br />cannot be exactly known at this point. The mayor said he sees the CBF as the last <br />source and he will be doing more work before he gets to that fund. <br />The meeting was adjourned at 8:30 p.m. <br />These minutes were considered, corrected and approved at the regular Council meeting <br />held on December 14, 2015. <br />e Bartell, City 1 lerk <br />3 <br />
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