Finance Committee 05/08/2024 09:00 AM City Hall - 141 W. Renfro

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 approval of the minutes from the March 4, 2024 Finance Committee meeting. (Staff Contact: Amanda Campos, City Secretary)

• Exhibit 1 - Dept Memo Minutes 05.08.pdf (0.05 MB)
• Exhibit 2 - Draft FIN Minutes 2024-03-04.pdf (0.02 MB)

2. B.Receive a report, hold a discussion, and provide staff direction regarding the City’s health benefits plan budget projection and the upcoming request for proposal process. (Staff Contact: Cheryl Marthiljohni, Director of Human Resources)

• Exhibit 1 - Department Memo.pdf (0.06 MB)
• Exhibit 2 - Presentation.pdf (10.24 MB)

3. C.Discuss property tax rate strategies and consider designating the Johnson County Tax Assessor/Collector to perform the required calculation of relevant tax rates and the City Manager to publish and deliver the tax rate forms in accordance with Chapter 26 of the Texas Tax Code. (Staff Contact: Harlan Jefferson, Deputy City Manager) 

• Exhibit 1 - Department Memo (Fin. Committee - Tax Rate Strategy).pdf (0.06 MB)
• Exhibit 2 - Tax Rate Strategies (Fin. Committee May 8).pdf (2.03 MB)
• Exhibit 3 - Truth-In-Taxation Basis Flyer.pdf (0.34 MB)
• Exhibit 4 - Unused Increment Flyer.pdf (0.13 MB)

4. D.Receive a report, hold a discussion, and provide staff direction regarding a proposal to reconsider cash funding capital projects to enhance the General Fund’s fund balance. (Staff Contact: Harlan Jefferson, Deputy City Manager) 

• Exhibit 1 - Department Memo (Fin. Committee - Debt Fund Projects).pdf (0.06 MB)
• Exhibit 2 - Reconsider Cash Funding Capital Projects (Fin. Committee May 8).pdf (2.12 MB)

5. E.Receive a report, hold a discussion, and provide staff direction regarding the proposed FY 2023-2024 budget amendment and the strategy for mid- and end-of-year budget amendments. (Staff Contact: Harlan Jefferson, Deputy City Manager) 

• Exhibit 1 - Department Memo (Fin. Committee - Budget Amendment).pdf (0.12 MB)
• Exhibit 2 - Budget Amendment (Fin. Committee).pdf (0.42 MB)

6. F.Receive a report, hold a discussion, and provide staff direction regarding a Water and Sewer Rate Study prepared by Willdan Financial Services (Willdan). (Staff Contact: Harlan Jefferson, Deputy City Manager) 

• Exhibit 1 - Department Memo (Fin. Committee - May 8 - Rate Study).pdf (0.06 MB)
• Exhibit 2 -Rate Study (Fin. Committee May 8).pdf (10.45 MB)

7. G.Receive a report, hold a discussion, and provide staff feedback regarding fees associated with solid waste and street maintenance. (Staff Contact: Eric Oscarson, Deputy City Manager)

• Exhibit 1 - Department Memo - Fees.pdf (0.05 MB)
• Exhibit 2- Staff Presentation Solid Waste Fee Discussion.pdf (1.02 MB)

8. H.Receive a report, hold a discussion, and provide staff direction on the City’s Credit Card Processing Fees. (Staff Contact: Richard Abernethy, Administrative Services Director)

• Exhibit 1 - Department Memo.pdf (0.05 MB)
• Exhibit 2 - Staff Presentation.pdf (0.85 MB)

9. I.Receive a report, hold a discussion, and provide staff direction regarding the March 2024 monthly financial and investment reports. (Staff Contact: Harlan Jefferson, Deputy City Manager)

• Exhibit 1 - Department Memo (Fin. Committee - May 8).pdf (0.06 MB)
• Exhibit 2 - March Monthly Report (Fin. Committee - May 8).pdf (1.16 MB)
• Exhibit 3 - March Monthly Financial Report.pdf (5.53 MB)

4.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.

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

5.BOARD REQUESTS FOR FUTURE AGENDA ITEMS OR REPORTS

6.ADJOURN

CERTIFICATE

I hereby certify that the above agenda was posted on this the 1st of May 2024, by 5:00 p.m., on the official bulletin board at the Burleson City Hall, 141 W. Renfro, Burleson, Texas.