Laserfiche WebLink
iver <br /> <br />M£MORANDLIM <br /> <br />Item # 6.5. <br /> <br />TO: <br /> <br />FROM: <br /> <br />DATE: <br /> <br />SUBJECT: <br /> <br />Mayor and Council <br /> <br />Pat Klaers, City Administrator <br /> <br />July 10, 2000 <br /> <br />Financial Consultant Presentation <br />Ehlers & Associates,Inc. - Rusty Fifield <br /> <br />As previously discussed with City Council at a number of meetings, the city <br />has been approached by Ehlers and Associates, Inc. regarding our bonding and <br />financial consulting needs. Staff is comfortable with the expertise at this firm <br />and knows a number of its employees. <br /> <br />The city's financial needs are changing and staff sees a need for more financial <br />services beyond just bonding expertise. A number of these needs have been <br />previously reviewed with the City Council and to a large extent it relates to a <br />matter of priorities in balancing the available limited financial resources <br />against a seemingly unlimited list of needs/wants. This is true both on a long- <br />term capital improvement program basis and on a day-to-day operating budget <br />basis. <br /> <br />In general, the city needs a financial strategic plan put together and <br />implemented. The development of such a plan is best lead by an outside <br />consultant, which has the expertise, experience, and time to guide the <br />development of this financial planning tool. The city needs to go beyond <br />bonding services and start obtaining good timely financial advise on an <br />expanded array of city issues. <br /> <br />Rusty Fifield will lead the Ehlers & Associates, Inc. team in its presentation <br />and proposal for using this firm as the city's financial consultant. <br /> <br />13065 Orono Parkway · P.O. Box 490 · Elk Rivet', MN 55330 · TDD & Phone: (612) 441-7420 · Fax: (612) 441-7425 <br /> <br /> <br />