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3. Memo - Update of Preparation of the Financial Management PlanPage 1 of 1 City of Scandia 14727 209 th St. N. PO Box 128, Scandia, Minnesota 55073 Phone (651) 433 -2274 Fax (651) 433 -5112 http://www.ci.scandia.mn.us DATE: April 1, 2021 TO: Honorable Mayor and City Council FROM: Ken Cammilleri, City Administrator RE: Update of Preparation of the Financial Management Plan Given the need to plan for the funding issues for the Bliss Wastewater Treatment Plant Nitrate Treatment Project improvements, staff is still developing different funding scenarios with Ehlers. Within the next two weeks, we intend to present a financial management plan that will ideally lay out several courses of action that will have the least general fund implications. Given that the plan is not in a state that we can present possible funding alternatives, we must postpone the presentation and discussion of the City’s Comprehensive Financial management Plan. We appreciate your patience in this process. Please let me know if you have any questions.