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HomeMy WebLinkAboutItem 06.c CITY OF LAKEVILLE CITY COUNCIL WORK SESSION MINUTES May 2, 2016 Mayor Little called the meeting to order at 6:13 p.m. in the City Hall Marion Conference Room. Members present: Mayor Little, Council Members Davis and LaBeau Members absent: Council Members Anderson and Swecker Staff present: Justin Miller, City Administrator; Chris Petree, Public Works Director; Monica Heil, Operations & Maintenance Engineer; Jerilyn Erickson, Finance Director; Charlene Friedges, City Clerk 2. Citizen Comments: None 3. Use of Consultants Policy Mr. Petree and Ms. Heil outlined the proposed changes to the City’s policy related to the use of consultants. The proposed policy is similar to policies that other Dakota County cities have adopted. In this policy, consultant services would fall under one of two categories based on the needs of the City. The two categories are: Budgeted Projects (projects that are budgeted in the current approved Capital Improvement Plan); and Programmed Projects (projects that are included in the current CIP but not yet budgeted). City staff is in the process of evaluating Statements of Qualifications from engineering consultants for the City’s engineering consultant pool. Forty seven proposals have been received to date, representing several different areas of expertise. Ms. Heil explained that once a project has been budgeted, staff would select a consultant from within the pool. Staff would then review each proposal to assure that prices are within budget for a given project. She pointed out that the fee curve used by engineers assures that their costs are in line with current construction standards. The City would update its consultant pool every five years. As stated in the policy, no consultant shall be hired for either budgeted or programmed projects if that consultant has any financial interest in current or future Capital Improvement Projects. Councilmembers held a brief discussion and supported the policy as presented. First Quarter 2016/Preliminary 2015 End of Year Financial Review Ms. Erickson presented the first quarter 2016 financial report and a preliminary yearend 2015 financial report. The preliminary 2015 report shows the variances from the amended budget as City Council Work Session Minutes, May 2, 2016 Page 2 well as the budget estimate. Ms. Erickson provided a brief overview of the financial activities of the City for the three month period ended March 31, 2016. The estimated addition to the General Fund reserve at 12/31/15 is $1.3 million. This results in a 48.8% fund balance ratio, which is within the 40-50% range established by City policy. Ms. Erickson asked the Council to consider options for committing some of the General Fund reserves towards specific needs that were identified during preparation of the 2016 budget, as well as the 2016-2020 Capital Improvement Program, in an effort to mitigate some of the pressure on the 2017 tax levy. Council members agreed to wait until the 2017 budget and CIP process to consider allocation of the General Fund reserve. 4. Adjourn The meeting adjourned at 6:44 p.m. Respectfully submitted, __________________________________ Charlene Friedges, City Clerk __________________________________ Matt Little, Mayor