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MINUTES OF THE LONG RANGE FINANCE COMMITTEE
December 10, 2014
ROOM 404
The regular meeting of the Long Range Finance Committee was held on Wednesday, December 10, 2014,
in Room 404, at Oshkosh City Hall, 215 Church Avenue.
The meeting was called to order by Chair Tom Pech Jr., at 5:20 p.m.
Members Present: Tom Pech Jr., Bryan Schulz, Matt Lauritch, Jason Hirschberg, Harold Buchholz,
Deb Allison-Aasby, Doug Pearson, Jeff Herzig, and Jeff Thoms
Members Absent:
Staff Present: Trena Larson - Finance Director, and Lori Burns – Administrative Assistant
I.Approval of November 12, 2014 Minutes
No changes/updates.
Motion to approve minutes was made by Schulz, Second by Pearson. Motion passed unanimously.
II.Citizen Input
Mr. Doug Pearson congratulated the Committee on all of their work finalizing the Revolving Loan
Fund program manual. Mr. Pearson shared his history with Chamco, which has been in existence
for 55 years. Chamco is turning over all aspects of their economic development to the City, GO-
EDC, and is on board to start working together on future economic development.
The Revolving Loan Fund program manual was approved by the Common Council on December
9, 2014, resolution 14-543.
III.Policy on CIP -
(5:30 – 6:40)
Finance Director Larson shared a framework that could be used in drafting a policy. Committee
began work on defining the Guiding Principles for the draft policy. Several ideas were formulated
and the following statement was developed:
1.Guiding Principles –
a.To plan and manage capital spending, debt, and maximize borrowing efficiency in order to
continue to deliver services for citizens, and maintain and improve adequate
infrastructure.
b.Minimize spikes in tax rates
c.Maintain acceptable bond rating
Members will be receiving a copy of the current 2015 – 2019 City of Oshkosh CIP (Accounting
Version) to utilize in the development of the policy. Members will bring all suggestions for the
policy to the January meeting. Director Larson will incorporate all suggestions from January’s
meeting into the document for review / consideration.
IV.Set January meeting date and agenda items
th
Meeting was set for the first Wednesday, January 7 at 5:15.
V.Adjournment
.
Motion by Schulz, Second by Herzig. Motion passed unanimouslyMeeting adjourned at 6:45
p.m.