I often wonder how the city manager and his staff make financial decisions. I wonder because I never (or at least very rarely) see the analyses that (I hope) go into those decisions. On a macro level, I can point to the decisions around investment in the First Baptist Church property -- not just the initial acquisition, but the decisions to turn it into expensive performance and office space. Whether or not those were sound decisions, I feel safe in saying that very few people know how the decisions were made.
On a micro level, take a look at Consent Agenda item CA-14 on next Tuesday's council agenda. The city is leasing some mowing equipment over the next 3 years for a little over $100,000. The questions I hope the council will ask would give everyone a better idea of how the city makes one kind of financial decision: whether to buy or lease:
- What were the alternatives to acquiring the equipment?
- Why was it better to lease the equipment rather than buy it?
- What determined the length of the lease? Why was 3 years better than 2 or 4?
I'm not picking on the parks department. I would like these kinds of questions to be asked routinely.
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