Report from Finance Committee of 2-8-11 (This includes adoption of Resolutions related to EDA, Enterprise and General Fund Budgets)

Three Cases were presented to the Finance Committee:

 

Case 1:  Consider Fee for Agent of Record for Property, Casualty and Workers Compensation.  Staff presented a payment history for agent of record services and what neighboring cities currently pay.  Staff was requested to approach the city's agent regarding another two-year contract service agreement.  This has been placed on the finance committee of February 22.

 

Case 2:  Consider "Self-Serve" Canoe and Kayak Access for Sunfish Lake Park and Public Bikes for the COR.  Staff presented how the 'self-serve' public kayak and canoes would be operated with a swipe card available at city hall and day rental of bikes for use in the COR.  Funding would come from the Park Trust Fund in the amount of $9,000 and $5,000 from the Statewide Health Improvement Program Grant (SHIP).  A concern was raised over the liability issue and staff was asked to research with city's insurance agent.  The city received a copy of the waiver form used by the League of MN Cities and there is an additional insurance charge of $14.50 for canoes and kayaks.   

 

Case 3:  Review of Budgets - Eda, Enterprise and General Fund - An overview was given of the budget amendments to reflect final activity for 2010 and 2011 budgets for the EDA and Enterprise Funds. 

 

 

Motion to confirm the recommendation of the Finance Committee on the following cases:

 

Case1:  Motion to confirm the recommendation of the Finance Committee to recommend that the City Council authorize a not-to-exceed amount of $5,800 for the City's Agent of Record for Property, Casualty and Workers Compensation services.

 

 

Case 2:  Motion to confirm the recommendation of the Finance Committee to recommend that the City Council approve funding of the self-serve canoe and kayak system at a not-to-exceed amount of $9,000 from the Park Trust Fund, and apply $5,000 in SHIP monies to the canoes and kayaks, first, with any excess SHIP funds to be used toward the purchase of public bicycles.

 

Case 3:  Motion to confirm the recommendation of the Finance Committee to accept the budgets for EDA, Enterprise and General Fund and adopt attached corresponding resolutions.