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Finance Subcommittee City of Arvada May 27, 2008

Finance Subcommittee City of Arvada May 27, 2008. Catherine Teutsch Core Learning Matters ™ , Inc. 303-388-CORE (2673) www.corelearningmatters.com. Agenda. Agenda Overview Subcommittee Goals and Roles Discussion Individual Expectations Develop Ground Rules. Agenda (cont.).

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Finance Subcommittee City of Arvada May 27, 2008

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  1. Finance SubcommitteeCity of Arvada May 27, 2008 Catherine TeutschCore Learning Matters™, Inc. 303-388-CORE (2673) www.corelearningmatters.com Core Learning Matters, Inc.

  2. Agenda • Agenda Overview • Subcommittee Goals and Roles Discussion • Individual Expectations • Develop Ground Rules Core Learning Matters, Inc.

  3. Agenda (cont.) • Decision-Making Process Discussion • Committee Resources • Overall Meeting Structure and Timeline • Prioritization Methodology – Finance Options Core Learning Matters, Inc.

  4. Agenda (cont.) • Deliverables • Timeline • Tier-One Options Core Learning Matters, Inc.

  5. Subcommittee Goals and Roles Catherine Teutsch Core Learning Matters, Inc.

  6. CIP Finance Subcommittee Goals • Provide Direction on Funding-Options for Chosen Projects to CIP • High-level Input on Arvada City Staff Funding Matrix Scenario • 7/31 Completion Core Learning Matters, Inc.

  7. CIP Finance Subcommittee Roles Discussion • High-level Input on Funding Options • Funding Policy Direction for Council • Report Findings to Overall CIP Committee • Consultant to Reporting Subcommittee Core Learning Matters, Inc.

  8. Develop Ground Rules Catherine Teutsch Core Learning Matters, Inc.

  9. CIP Committee Ground Rules • No more than two questions at a time from the same person • Hold questions until the end of the presentation • There are no dumb questions • Stay on topic • Be considerate of others • Listen to understand • Don’t interrupt Core Learning Matters, Inc.

  10. Resources and Decision-Making Process Discussion Catherine Teutsch Core Learning Matters, Inc.

  11. Finance Subcommittee Resources • Victoria Runkle - Arvada Finance Director • Lisa Yagi - Arvada Deputy Finance Director • Bryan Archer - Arvada Controller • Arlene Martinez - Arvada Project Manager • Catherine Teutsch – Core Learning Matters, Inc. Facilitator • Mike Trevithick - Consultant Core Learning Matters, Inc.

  12. Decision-Making Process • Meeting Dates • Six Scheduled Meetings: • 5/27 • 6/10 • 6/17 • 7/1 • 7/15 • 7/30 Core Learning Matters, Inc.

  13. Decision-Making Process • Overall Meeting Structure • 5/27 • Organizational Meeting • 6/10 • Budget Overview (Craig Kocian and Victoria Runkle) • Address potential cuts – both items and impacts Core Learning Matters, Inc.

  14. Decision-Making Process • Overall Meeting Structure (Cont.) • 6/17 • Sales and Property Tax Comparison Data • Alternative CIP Funding Source Discussion • 7/1 • Revenue Options Discussion • Goal: Prioritized list of other options • Overview of 3-tiered approach • Viable Tier 3 Revenue Options • Small group exercise: benefits, concerns, questions Core Learning Matters, Inc.

  15. Decision-Making Process • Overall Meeting Structure (Cont.) • 7/15 • Priority List/Funding Tier Match • Process for Changing the List • Council Policy Direction Discussion • 7/30 • Review Final Recommendations • Final Approval of Product by Full Committee Core Learning Matters, Inc.

  16. Prioritization Methodology Victoria Runkle Core Learning Matters, Inc.

  17. Prioritization Methodology • Define Funding Tiers • Create Funding Matrix for Committee Consideration • Analyze Discuss and Amend Funding Matrix Core Learning Matters, Inc.

  18. Define Funding Tiers Core Learning Matters, Inc.

  19. Define Funding Tiers • Tier I • City Charter Requirement • Funded with 60% of first sales tax penny • Tier II • One-time Money for CIP Needs • Depends on City’s Financial Ability • Budget Reductions Fund On-going CIP Needs Core Learning Matters, Inc.

  20. Define Funding Tiers • Tier III • Includes But Not Limited to: • Voter-approved Initiatives • Developer Agreements • Special Districts Core Learning Matters, Inc.

  21. Create Funding Matrix Core Learning Matters, Inc.

  22. Funding Matrix • Analyze • Discuss • Amend Core Learning Matters, Inc.

  23. Tier-One Discussion Victoria Runkle Core Learning Matters, Inc.

  24. Tier-One Discussion Core Learning Matters, Inc.

  25. Tier-One Money Allocation Core Learning Matters, Inc.

  26. One Time Transfers Core Learning Matters, Inc.

  27. CIP Transfers from Parks Fund Core Learning Matters, Inc.

  28. Tier-One Summary • Source of Tier II Funding • Council Has Not Yet Allocated $$ • Waiting for Subcommittee Recommendations Core Learning Matters, Inc.

  29. Core Learning Matters, Inc.

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