HomeMy WebLinkAboutMeeting Minutes 01-06-2021 Oshkosh
MINUTES OF THE LONG RANGE FINANCE COMMITTEE
January 6, 2021
Via WebEx
The Long Range Finance Committee meeting was held on Wednesday, January 6, 2021, via WebEx.
The meeting was called to order by Matt Lauritch at 5:16 p.m.
Members Present: Adam BellCorelli, Karen Bowen, Michael Ford, Matt Lauritch, Austin Phillips,
and Koby Schellenger
Members Absent: Allison Knautz, Vicky Fitzgerald, and Matt Mugerauer
Staff Present: Russ Van Gompel—Director of Finance
Paula Luther—Administrative Assistant- Finance
I. Citizen Input
None
II. Approval of December 2, 2020 Minutes
Motion to approve by Lauritch, seconded by Bowen. Approved 6-0.
III. Continue Discussing the Budget Development Policy(5:16—5:20)
• Director Van Gompel recapped the updates/changes that were made at the previous
meeting and by City Manager, Department Heads, and City Attorney since the meeting.
• Ms. Bowen suggests to go over this policy annually to make sure that everything is
being followed in it and that we haven t deviated from it.
• Committee is in agreement that the policy is ready to go to Council.
• Motion by BellCorelli to recommend the proposed Budget Development Policy be taken
to Council, seconded by Bowen. Approved 6-0.
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
IV. Continue Discussing the Interest Rate on Special Assessments (5:20—5:26)
• Director Van Gompel recapped the discussion from last meeting and his discussion with
Mr. Mugerauer who is not in attendance today.
• Mr. Ford agrees in making it a flat interest rate and to look at it annually with the
possibility of changing it as needed.
• Committee discussed the interest rates of other communities and they are in agreement
that the City of Oshkosh should change theirs from 6%to 4%.
• Motion by Lauritch to recommend the 4%proposed Interest Rate on Special Assessments
be taken to Council, seconded by Bowen. Approved 6-0.
V. Review the Policy List(5:26—5:34)
• Director Van Gompel introduced the list of policies that still need to be looked at.
• Ms. Bowen suggests that we should start by reviewing the oldest one first.
• Mr. Ford suggested reviewing the Capital Improvement Process since it changed a little
bit this year.
• Director Van Gompel mentioned that the Purchase Card Policy might be one of the oldest
and is lengthy, so it will take a while to review and discuss.
VI. Set next meeting date and agenda items
A. Meeting set for February 3, 2021 at 5:15 p.m.
B. Next Agenda
1. Begin Reviewing the City Issued Purchase Card Policy
2. Review the Capital Improvement Plan Process and Policy
VII. Adjournment
Motion by Ford, seconded by BellCorelli. Motion passed unanimously. Meeting
adjournment at 5:47 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