Discussion Committee Priorities - areas of focus this year: Revisit of the Transfer and Contract Approval Process Budget Narratives/Performance Standards Novak Report Recommendations: create a fund balance policy; adopt financial management practices; increase health insurance funding by 2.5m; pursue strategies to limit health care costs; create OPEB Trust to fund liabilities; develop Organization Wide Strategic Plan; implement priority based budgeting; develop capital budget inventory and prioritization system; implement comprehensive performance measurement program; create; establish a compensation philosophy; formalize process and policy documentation for all city departments; create a Deputy Finance Director; cross-training in payroll and pension management; implement process improvements to accounts payable process.