HomeMy WebLinkAboutMinutes City Council - 03/28/2019 - Workshop "VS CI
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I HEREBY CERTIFY that the foregoing is a true and correct copy of the minutes of the Workshop
Meeting of the Corpus Christi City Council of March 28, 2019 which were approved by the City
Council on April 9, 2019.
WITNESSETH MY HAND AND SEAL, on this the 9th day of April 2019.
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Re ecca H uerta
City Secretary
SEAL.
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Meeting Minutes
City Council Workshop Session
Thursday,March 28,2019 9:00 AM City Council Chambers
FY 2019 Budget Workshop
Public Notice -- ITEMS ON THIS AGENDA ARE FOR COUNCIL'S
INFORMATIONAL PURPOSES ONLY. COUNCIL MAY GIVE DIRECTION TO THE
CITY MANAGER, BUT NO OTHER ACTION WILL BE TAKEN AND NO PUBLIC
COMMENT WILL BE SOLICITED.
THE USE OF CELLULAR PHONES AND SOUND ACTIVATED PAGERS ARE
PROHIBITED IN THE COUNCIL CHAMBERS DURING MEETINGS OF THE CITY
COUNCIL.
A. Mayor Joe McComb to call the meeting to order.
Mayor McComb called the meeting to order at 9:01 a.m.
B. City Secretary Rebecca L. Huerta to call the roll of the required Charter Officers.
City Secretary Rebecca L.Huerta called the roll and verified that a quorum of
the City Council and the required Charter Officers were present to conduct the
meeting.
Charter Officers:
Interim City Manager Keith Selman,City Attorney Miles K.Risley and City
Secretary Rebecca L.Huerta.
Present 9- Mayor Joe McComb, Council Member Roland Barrera, Council Member
Rudy Garza, Council Member Paulette Guajardo, Council Member Gil
Hemandez, Council Member Michael Hunter, Council Member Ben Molina,
Council Member Everett Roy, and Council Member Greg Smith
C. BRIEFINGS TO CITY COUNCIL:
1. Review and discussion on Financial Budgetary Policies
Mayor McComb referred to Item 1.
Director of Management and Budget Eddie Houlihan reviewed each section of
Resolution 031547,Amending Financial Budgetary Policies Adopted by
Resolution 0331240 and Providing Financial Policy Direction on Prepartion of
the Annual Budgets.
Council members and staff discussed the following topics related to the
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City Council Workshop Session Meeting Minutes March 28,2019
Financial Policy: effects on City's bond rating;fund balances; Fund Balance
Policy;General Liability Funds;Workers'Compensation Fund; Enterprise
Funds;and the Debt Service Reserve Fund.
Director Houlihan presented staffs recommended changes to the City's
Financial Policy and council members and staff discussed the following related
topics: monies dedicated to streets;the impact of the 2-cent increase approved
by voters;the Fire Retirement Fund;the benefits and drawbacks of using
zero-based budgeting;and which funds are required to use zero-based
budgeting.
A council member presented his recommended changes to the City's Financial
Policy and council members and staff discussed the following related topics:
charging expenditures to the correct line item;budget transfers;the
importance of reserves/contingency funds,as illustrated by the recent
Hurricane Harvey.
2. Review and discussion on Capital Improvement Plan Financial
Policies and Budget
Mayor McComb referred to Item 2.
Director of Management and Budget Eddie Houlihan presented information on
the following topics:funding;debt policy and budget administration and
development.
Council members and staff discussed the following topics: the Capital
Improvement Project(CIP)submission procedure;evaluation and ranking of
CIPs by a committee;scoring and prioritization of CIPS;whether General and
Enterprise Funds are included;CIP versus non-CIP items;adding
Return-On-Investment(ROI)to the scoring criteria;what constitutes a CIP;the
useful life of CIPs in relation to the life of associated debt; requirements to
qualify for CIP status;capital asset versus capital project;capitalization of
operating assets;facility asset analysis; maintaining a"wish list"/database of
projects to pursue as debt falls off;and the Future Water Supply Fund.
D. ADJOURNMENT
The meeting was adjourned at 10:45 a.m.
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