City Council Meeting Date: April 1, 2025
To: Mayor and City Council
From: Ben Martig, City Administrator
Title
Consider Resolution Ordering a Financial Model for Twenty Years (2022-2042) for All City Projects (Councilor Dahlen Request).
Body
Action Requested:
Councilor Dahlen has requested that the City Council consider a resolution ordering a financial model for twenty years (2022-2042) for all city projects.
Summary Report:
Councilor Dahlen requested this agenda item and submitted the resolution as background information. Councilor Beumer supported this to be added in accordance with the Council Rules of Business.
Councilor Dahlen will give background to the recommendation and Council Beumer may add additional commentary as the supporter to bring this item to Council.
The following are considerations from City Administrator Martig:
A. Staff suggests the information on the active clauses of the resolution (now therefore be it resolved) are commonly done through more informal feedback of the budget process. The last item would be appropriate to discuss and provide feedback for. The Council could act through a mechanism such as a resolution, but this is not common practice in city operations and therefore staff would suggest working collaboratively to develop such goals in the budget process itself rather than through a stand-alone action;
B. The action clause #1 of the resolution relates to what staff would refer to as a "20-Year Long Term Financial Plan." This type of plan would require significant staff time to develop a meaningful document and would likely require consultant assistance that isn't currently budgeted. Additionally, staff would need to evaluate limitations on working on other items that this would take priority over, if initiated. Staff suggests this could be an "action" within the strategic plan related to financial management should Council be interested in this. Additionally, the Finance Director and City Administrator adv...
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