HomeMy WebLinkAbout09-04-2019 Meeting Minutes Oshkosh
MINUTES OF THE LONG RANGE FINANCE COMMITTEE
September 4, 2019
Room 404
The Long Range Finance Committee meeting was held on Wednesday, September 4, 2019, in Room
404, at Oshkosh City Hall, 215 Church Avenue.
The meeting was called to order by Matt Lauritch at 5:15 p.m.
Members Present: Karen Bowen, Michael Ford, Jake Krause, Matt Lauritch, and Matt Mugerauer
Members Absent: Vicky Fitzgerald and John Lemberger
Staff Present: Russ Van Gompel—Director of Finance
Mark Rohloff—City Manager
Citizens Present: None
I. Citizen Input
None
II. Approval of August 14,2019 Minutes
Motion to approve by Krause, seconded by Mugerauer. Approved 5-0.
III. Debt Management Policy—What points do we need to expand on? (5:17—5:53)
Committee discussed the following:
• Equity, effectiveness, and efficiency
• Statement of policy
• Different types of debt instruments
• Life of assets vs length of debt
• Internal goals: maximum amount of indebtedness
• Credit Objectives
• Method of sale
• Refinancing
Finance Department
City Hall,215 Church Avenue P.O. Box 1 130 Oshkosh,WI 54903-1 130 920.236.5005 http://www.ci.oshkosh.wi.us
• Disclosure
• Financial Advisors /Bond Counsel
IV. Set October meeting date and agenda items
A. Meeting set for October 2, 2019 at 5:15 p.m.
B. Next Agenda
1. Update on GO EDC Revolving Loan Fund and Capital Catalyst Fund
Jason White &Audra Hoy
2. Follow-up - Debt Management Policy
3. Review Prioritized Topics List
V. Adjournment
Motion by Krause, seconded by Mugerauer. Motion passed unanimously. Meeting
adjournment at 6:08 p.m.
Finance Department
City Hall,215 Church Avenue P.O. Box 1 130 Oshkosh,WI 54903-1 130 920.236.5005 http://www.ci.oshkosh.wi.us