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• FALCON HEIGHTS CITY COUNCIL MINUTES _2_ May 25, 2005 CONSENT AGENDA (continued) 2. Appointment of Laura Kwong, 1700 Fry Street, to the Neighborhood Commission 3. Appointment of Richard Rodich, 1341 Idaho Avenue, to the Planning Commission 4. Appointment of Debbie Tretsven, 1775 Hamline Avenue, to the Environment Commission POLICY AGENDA: Presentation of the City's Comprehensive Audited Financial Report for 2004 and presentation of the 2003 GFOA Award for Excellence Finance Director Olson introduced Mark Hansmeier, a graduating senior from the University of Minnesota's Carlson School of Management, who has been an accounting intern with the City for over a year. He said Mark is an absolute whiz and has been a terrific intern for the City. The City was able to get a partial scholarship from the Government Finance Officers Association of • the United States and Canada (GFOA) to help pay for Mark's internship. Finance Director Olson introduced Mr. Matthew Mayer, partner in the accounting firm of Kern DeWenter Viere, Ltd., the City Auditors. Mr. Mayer commented that Finance Director Olson always does advance preparation for the audit, is always well prepared and is very efficient. Mr. Mayer presented the City's Comprehensive Annual Financial Report for 2004 (CAFR) and the Memorandum on Financial Analysis, Accounting Policies and Procedures, and Internal Control. He said that every year the Government Finance Officers Association of the United States and Canada (GFOA) reviews the comprehensive annual financial reports for governmental units and public employee retirement systems, and issues certificates of achievement for excellence in financial reporting if they determine the highest standards in government accounting and financial reporting have been achieved. The City of Falcon Heights has been awarded the GFOA Certificate of Achievement for its 2003 CAFR, the fourteenth year the City has received this prestigious national award. Council member Talbot commented that Mr. Mayer indicates the City is moving in the right direction. What does he tell cities that aren't moving in the right direction? Mr. Mayer said they try to train and educate them. Council member Lindstrom said the reportable condition about segregation of duties comes up every year. Short of hiring five to six more people, are there some things the City can do for • checks and balances? Is the City doing them?