Please note: this meeting's minutes have not been finalized yet. Actions taken on legislation and their results are not available.

Meeting Details

Meeting Name: Budget, Finance and Audit Standing Committee Agenda status: Final
Meeting date/time: 11/16/2016 1:00 PM Minutes status: Draft  
Meeting location: Committee of the Whole
Published agenda: Agenda Agenda Published minutes: Not available  
Meeting video:  
Attachments:
File #Ver.Agenda #NameTypeTitleActionResultAction Details
15-4575 11. Communication or ReportStatus of Legislative Policy Division submitting report relative to Casino Development Fund - Status Report. (Council Member Leland requested an update on the casino development funds involving the $10 million each of the three casinos in Detroit (MGM Grand Casino, Motor City Casino, and Greektown Casino) gave the City for business development purposes in the City of Detroit in accordance with the revised casino development agreements.) (BROUGHT BACK AS DIRECTED ON 10-19-16)   Not available
15-4576 12. Communication or ReportStatus of Legislative Policy Division submitting report relative to Detroit VEBA’s FY 2015 Audit Reports. (As noted in the Legislative Policy Division’s report on the Voluntary Employee Beneficiary Association, the audit confirmed that the market value of the bonds issued by the City to the VEBAs were approximately 45% of their face (par) value. This was not sufficient to provide the retirees with the minimal benefits that were promised to them per the Plan of Adjustment.) (BROUGHT BACK AS DIRECTED ON 10-19-16)   Not available
15-4577 13. Communication or ReportStatus of Legislative Policy Division submitting report relative to Risk Management in the City of Detroit. (Risk Management is a critical function of government. In the FY 2015 CAFR the City reported a total of $152.6 million in long-term obligations for workers compensation, legal (claims and judgments), disability benefits, and vehicular liabilities for both Governmental and Business-type activities. This was an $11.7 million increase from the $140.9 million for FY 2014. The City has a large exposure to claims and judgments for personal injury and property damage. City services such as transportation, street and sidewalk maintenance, police and fire that if not properly developed, maintained and managed could result in accidents and other incidents that the City could be liable for.) (BROUGHT BACK AS DIRECTED ON 9-21-16)   Not available
15-4578 14. Communication or ReportStatus of Council President Brenda Jones submitting memorandum relative to Vendor Compensation. (BROUGHT BACK AS DIRECTED ON 11-9-16)   Not available
15-4579 15. ContractStatus of Office of Contracting and Procurement Contract No. 6000374 - 100% City Funding - To Provide Structured Screening Interviews, Content Validity of all Interviewees Evaluations, Provide Project Coordination Between the City of Detroit and Magnet - Contractor: Magnet Consulting, Location: 455 South Livernois Road, Suite B24, Rochester Hills, MI 48307 - Contract Period: November 1, 2016 through June 30, 2017 - Total Contract Amount: $374,930.00. OCFO - OFFICE OF DEPARTMENTAL FINANCIAL SERVICES (BROUGHT BACK AS DIRECTED ON 11-9-16)   Not available
15-4580 16. ResolutionSubmitting reso. autho. Application for Neighborhood Enterprise Zone Certificate for 1215 Griswold NEZ Area. (This application has been reviewed and recommended for approval by the City Planning Commission.) (REFERRED TO THE BUDGET FINANCE AND AUDIT STANDING COMMITTEE ON 11-16-16)   Not available
15-4581 17. ResolutionSubmitting reso. autho. Application for Neighborhood Enterprise Zone Certificate for Michigan Avenue/Book Cadillac NEZ Area. (This application has been reviewed and recommended for approval by the City Planning Commission.) (REFERRED TO THE BUDGET FINANCE AND AUDIT STANDING COMMITTEE ON 11-16-16)   Not available