09/09/1992 Meeting - Laserfiche WebLink

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S. EUQene Celebration e Carol Brewster, Eugene Celebration staff, displayed various Eugene Celebration promotional pieces. They included Celebration pins, aprons, and brochures. She noted that Eugene Decisions signboards were recycled for use by the celebration. Ms. Brewster explained that the Celebration has added recycling of all recyclable materials. The work is being done by 70 volunteers. There will be an additional 200 volunteers busing tables at the event. Ms. Brewster said that the City is providing interpreting services for the hearing-impaired at all its stages and is also producing large-print programs and cassette tapes for the visually impaired. She added that all power lines have been accommodated off the ground to provide a barrier-free environment. Responding to a question from Mayor Miller, Ms. Brewster said the committee decided against trying to charge an admission fee because of the many access points to the Celebration. II. APPROVAL OF FINANCIAL MANAGEMENT GOALS AND POLICIES Tony Mounts, Financial Management Services Director, distributed copies of the draft policy on sinking funds and an article from Moody's Municipal Issues. He said that one of the fundamental purposes of the Financial Goals & Policies in the past has been to structure the City's financial program and present it to the rating services. He noted that the article highlights a shift in terms of rating analysis. e Mr. Mounts said that there are only a couple of minor wording changes between this and the document last reviewed. Referring to Policy 6 on page 4, Mr. Boles said he would like the council to consider the following three other criteria in addition to the five listed: 1) an evaluation plan; 2) a specific review period; and 3) a sustainability analysis. He suggested postponing adoption of the policy, pending the incorporation of the three additional criteria. Mr. Boles asked that the Investment Advisory Board provide the council with current values for the ratios listed on page 3 of the Debt Management Poli- cies. There was a brief discussion about the inclusion of Policy 1 under "Other Pol icies. n Mr. Boles said that the City does not have the resources to meet mandates imposed by other levels of government. City Manager Mike Gleason said that the City is obliged to perform what is mandated. Mr. Boles moved, seconded by Mr. Green, to adopt the 1992 update of the Financial Management Goals and Policies with the exception of Policy A-6 and including, by reference, Policy D-6 as presented today. e MINUTES--Eugene City Council September 9, 1992 Page 4 11 :30 a.m.