Finance Committee 04/21/2025 09:00 AM City Hall Annex, 2nd Floor, Conference Room, 135 W. Ellison Street, Suite 109

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 March 5, 2025 Finance Committee meeting. (Staff Contact: Monica Solko, Deputy City Secretary)

• Exhibit 1 - Dept Memo Minutes 04.21.pdf (0.05 MB)
• Exhibit 2 - Draft FIN Minutes 2025-03-05.pdf (0.03 MB)

4.REPORTS AND PRESENTATION

1. A.Receive a report, hold a discussion, and make possible recommendations regarding the City’s use of procurement options and methods.  (Staff Contact:  Richard Abernethy, Administrative Services Director)

• Exhibit 1 - Department Memo Procurement Methods.pdf (0.06 MB)
• Exhibit 2 - Procurement Options_Updated.pdf (0.40 MB)

2. B.Receive a report, hold a discussion, and make possible recommendations regarding proposed amendments to City Council Policy #32, Financial Policy, and City Council Policy #41, Debt Management Policy. (Staff Contact: Gloria Platt, Finance Director)

• Exhibit 1 - Financial and Debt Policies - Finance Committee 4-21-2025.pdf (0.06 MB)
• Exhibit 2 - Financial and Debt Policies Presentation 4-21-2025.pdf (0.12 MB)
• Exhibit 3 - Financial Policy Redline 4-21-2025.pdf (1.39 MB)
• Exhibit 4 - Financial Policy Draft 4-21-2025.pdf (0.07 MB)
• Exhibit 5 - Debt Policy Redline 4-21-2025.pdf (0.71 MB)
• Exhibit 6 - Debt Policy Draft 4-21-2025.pdf (0.03 MB)

3. C.Receive a report, hold a discussion, and make possible recommendations regarding the adoption of the property tax rate and annual operating budget for Fiscal Year 2025-2026, assuming a property tax rate that does not exceed the voter-approved rate. (Staff Contact: Gloria Platt, Director of Finance)

• Exhibit 1 - Department Memo -Tax Rate 4-21-2025.pdf (0.06 MB)
• Exhibit 2 - Tax Rate Presentation 4-21-2025.pdf (0.61 MB)

4. D.Receive a report, hold a discussion, and make possible recommendations regarding the February 2025 monthly financial and investment reports. (Staff Contact: Gloria Platt, Director of Finance)

• Exhibit 1 - Memo Monthly Financial Report (March) 4.21.25.pdf (0.06 MB)
• Exhibit 2 - Presentation - Monthly Report February 2025.pdf (1.12 MB)
• February 2025 Monthly Report.pdf (8.21 MB)

5.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

6.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 16th of April 2025, by 6:00 p.m., on the official bulletin board at the Burleson City Hall, 141 W. Renfro, Burleson, Texas.