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Board reviews financial planning packet and considers payment approach for counsel
Summary
Board member Jennifer Teget presented a packet of working financial and planning documents and asked members to consider how to compensate board counsel, suggesting consideration of hourly billing versus a retainer.
Jennifer Teget presented several working documents intended to guide the board's financial planning: a timeline of deadlines, a Municipal Services checklist to keep tasks on schedule, and a one-page summary from a finance training that lists items often overlooked.
Teget also asked the board to consider how the group will pay counsel Todd Powell going forward, presenting hourly pay versus a retainer as options and requesting members think about the relationship and preferred arrangement. No decision on counsel payment was recorded in the meeting minutes.
