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Item #:~. <br /> <br />City of <br /> <br />River <br /> <br />M£MORANDUM <br /> <br />TO: <br /> <br />Mayor and City Council <br /> <br />FROM: Pat Klaers, City Administrator <br /> <br />DATE: <br /> <br />January 29, 2001 <br /> <br />SUBJECT: Finance Management Plan <br /> <br />Staff is excited to begin work with the City Council and our new financial <br />consulting firm, Ehlers and Associates, Inc., on the development of a financial <br />management plan for the city. This is a long overdue management tool that <br />will help guide the city in making decisions as it endeavors to provide <br />appropriate municipal facilities and services. <br /> <br />Rusty Fifield, from Ehlers and Associates, Inc., will be at the January 29, <br />2001, Special Council Meeting to discuss the attached key financial strategies <br />planning process outline. The process is still influx and still being shaped and <br />City Council responses to the worksheet (your homework assignment) will <br />help us more clearly understand some of the issues Councilmembers believe <br />to be high priorities. <br /> <br />It is expected that this and future worksessions will last between 60 and 90 <br />minutes each. Accordingly, a small amount of"regular" business can also <br />take place on the evenings when the financial worksessions are scheduled. In <br />terms of funding, it is recommended that the Council Contingency Fund be <br />the source of revenues for this project. <br /> <br />13065 Orono Parkway · P.O. Box 490 · Elk River, MN 55330 · TDD & Phone (763) 441-7420 · Fax (763) 441-7425 <br /> <br /> <br />