Finance Committee 05/07/2025 09:00 AM City Hall Annex - 135 W. Ellison, Suite 109, Second Floor Conference Room #1

1.CALL TO ORDER

2.CITIZEN APPEARANCES

Each person in attendance who desires to speak to the Committee on an item NOT posted on the agenda, shall speak during this section. A speaker card must be filled out and turned in to the City Secretary prior to addressing the Committee. Each speaker will be allowed three minutes to speak.

Each person in attendance who desires to speak on an item posted on the agenda shall speak when the item is called forward for consideration.

3.GENERAL

1. A.Consider and take possible action on the minutes from the April 21, 2025 Finance Committee meeting. (Staff Contact: Lisandra Leal, Assistant City Secretary)

• Exhibit 1 - Dept Memo Minutes 05.07.pdf (0.05 MB)
• Exhibit 2 - Draft FIN minutes 2025-04-21.pdf (0.03 MB)

4.REPORTS AND PRESENTATION

1. A.Receive a report, hold a discussion, and provide staff direction on the City Manager’s recommendation for vehicle and equipment purchases using the Equipment Replacement Fund for FY 2026. (Staff Contact:  Lauren Seay, Deputy Director of Administrative Services)

• Exhibit 1 - Department Memo.pdf (0.06 MB)
• Exhibit 2 - Finance Committee ERF Presentation.pdf (0.24 MB)
• Exhibit 3 - ERF Program Policy.pdf (0.08 MB)

2. B.Receive a report and provide possible recommendations regarding the Texas Municipal Retirement System (TMRS) and New Non-Retroactive Cost of Living Adjustment (COLA) after receiving feedback from employees and retirees. (Staff Contact: Cheryl Marthiljohni, Director of Human Resources)

• Exhibit 1 - Department Memo, Texas Municipal Retirement System (TMRS), Non-Retroactive Cost of Living Adjustment (COLA) 050725.pdf (0.10 MB)
• Exhibit 2 - Staff Presentation TMRS Cost of Living Adjustment_050725.pdf (0.66 MB)

3. C.Receive a report, hold a discussion, and provide staff direction regarding the proposed Capital Improvement Program (CIP). (Staff Contact: Harlan Jefferson, Deputy City Manager)

• Exhibit 1 - Capital Improvement Plan (CIP) - Fiance Committee 5.7.2025.pdf (0.06 MB)
• 5.7 Finance Committee CIP Presentation 4.30.25.pdf (0.73 MB)

4. D.Receive a report, hold a discussion, and provide possible recommendations regarding tax rate strategies. (Staff Contact: Gloria Platt, Director of Finance)

• Exhibit 1 - Department Memo-Tax Rate Strategies.pdf (0.06 MB)
• Exhibit 2 - Tax Rate Strategy.pdf (0.42 MB)

5. E.Receive a report and provide possible recommendations regarding the March  2025 monthly financial and investment reports. (Staff Contact: Gloria Platt, Director  of Finance)

• Exhibit 1 - Memo Monthly Financial Report (March) 5.7.25.pdf (0.06 MB)
• Exhibit 2 - Presentation - Monthly Report March 2025.pdf (1.12 MB)
• Exhibit 3 March 2025 Monthly Financial Report.pdf (8.25 MB)

5.REQUESTS FOR FUTURE AGENDA ITEMS AND REPORTS

6.EXECUTIVE SESSION

In accordance with Chapter 551 of the Texas Government Code, the Committee may convene in Executive Session in the City Council Workroom at City Hall to conduct a closed meeting to discuss any item listed on this agenda. 

1. Pending or Contemplated Litigation or to Seek the Advice of the City Attorney Pursuant to Section 551.071

7.ADJOURN

Staff Contact

Gloria Platt, CGFO, CPFIM
Finance Department | Director of Finance
Email: gplatt@burlesontx.com
Phone: 817-426-9883

CERTIFICATE

I hereby certify that the above agenda was posted on this the 30th of April 2025, by 5:00 p.m., on the official bulletin board at the Burleson City Hall, 141 W. Renfro, Burleson, Texas.