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MINUTES OF THE LONG RANGE FINANCE COMMITTEE
February 3, 2016
ROOM 404
The Long Range Finance Committee meeting was held on Wednesday, February 3, 2016, in Room 404, at
Oshkosh City Hall, 215 Church Avenue.
The meeting was called to order by Tom Pech, Jr. at 5:20 p.m.
Members Present: Matt Lauritch, Tom Pech Jr., Jeff Thoms, Deb Allison-Aasby, Jason Hirschberg,
and Karen Bowen
Members Absent: Harold Buchholz, Doug Pearson, and Jeff Herzig
Staff Present: Trena Larson - Finance Director, Lori Burns – Administrative Assistant
Guest Present: Kenneth J. Herdeman, President, Ehlers Investment Partners
I.Approval of October 14, 2015 Minutes
Motion to approve by Bowen, Second by Pech. Approved 6 – 0.
II.Citizen Input
None.
III.Discussion Investment Policy -
(5:20 – 6:20)
Financial Advisor, Ken Herdeman gave general overview of proposed investments policy and
highlighted areas for committees’ discussion.
Items Reviewed:
Adding benchmark for yield
Adding preference for local investment
Setting benchmark for collateralization
Timeline requirements for reviewing policy
Director Larson will update the policy with all the suggestions, review it with City
Attorney Lorenson, bring it forward at the March meeting for action and presentation to
the Common Council for adoption.
IV.Prioritized Topics List –
(6:20 – 6:50)
Asset Inventory to include Life
After committee discussion the second priority on the list will be,
Cycle,
staff will work on developing a manual system of tracking assets with integration to new
Long Range Debt Planning Ongoing,
software. is moved to the bottom of the list as Current
tracking system has been deployed and continually updated, and progress is evaluated. Director
th
Larson forwarded the list to Manager Rohloff to go on the February 9 Council agenda under
Council Discussion, Direction to City Manager & Future Agenda Items.
V. Set March meeting date and agenda items
Meeting was set for Wednesday, March 2nd at 5:15.
VI.Adjournment
.
Motion by Bowen, Second by Lauritch. Motion passed unanimouslyMeeting adjourned at 6:50
p.m.