HomeMy WebLinkAbout#14 - Finance Committee Work Plan
STAFF REPORT
DATE: January 2, 2018
REGULAR
ITEM #14
TO: Honorable Mayor and City Council FROM: Brian A. Swanson – Finance Director AGENDA ITEM: 2018 Finance Committee Work Plan REVIEWED BY: Kristina Handt, City Administrator
BACKGROUND: Each year, staff and the Finance Committee prepare an annual work plan for financial related City initiatives and goals. The Finance Committee reviewed the 2018 work plan in November of 2017. The City Council typically reviews the work plan and provides comments as needed about tasks and priorities. The primary intent of the work plan is to help prioritize the initiatives and goals related to City related financial matters over the course of 2018. In addition, this plan helps keep the Finance Committee informed about the internal planning related activities and projects that will be undertaken by the staff over the coming year. This is a working document that provides guidance to the Finance Committee and
City Council yet has the flexibility to respond to priorities as they emerge. It will also help the Finance Committee and staff to gauge its progress at achieving some of its goals for the year.
ISSUE BEFORE THE CITY COUNCIL: Does the City Council have any amendments, comments or questions regarding the attached 2018 Finance Committee Work Plan?
DISCUSSION: Subsequent to the approval of the 2018 Finance Committee Work Plan, below are additional items for consideration in 2018: 1) Possible reestablishment of the EDA and issuance of lease revenue bonds for facility purchase. 2) Assessment Policy revision 3) Request for Proposal for Audit Services and Bond Counsel FISCAL IMPACT: Certain items on the work plan may require outside assistance and costs, such as implementation of credit card and on-line payment options. As items or projects materialize, staff will seek direction, as appropriate prior to utilizing such assistance.
OPTIONS: 1) Accept the 2018 Finance Committee Work Plan. 2) Amend and then Accept the 2018 Finance Committee Work Plan
RECOMMENDATION: “Motion to approve the 2018 Finance Committee Work Plan.”
ATTACHMENTS: 1) 2018 Finance Committee Work Plan
2018 Finance Committee Plan of Work
Meeting Date Project/Task Priority
(1-5, with 1 being highest)
January Discussion on Components of
Long Range Plan for General
Fund
1
WAC/SAC Review 2
Election of Officers 1
February Park Dedication Fund Policy 2
Purchasing Policy Review 2
March 2018 Bonding Projects 1
Credit Card and Online Payment
Options
1
April General Fund Long Range Plan
Update
1
Utility Pro Forma Update 1
1st Quarter Financials 1
May 2017 Audit 1
June 2019-2023 CIP 1
Finalize Assumptions for
General Fund Long Range Plan
July 2019 GF Operating Budgets 1
2nd Quarter Financials 1
Utility Pro Forma Update 1
August 2019 GF Operating Budgets 1
2019 Utility Budgets 1
2019-2023 CIP 1
September 2019 Utility Budgets 1
October 3rd Quarter Financials 1
2019 Fee Schedule
Utility Pro Forma Update 1
November 2019 Work Plan 1
2019 Fee Schedule 1
December