07-09-08 Council Workshop Minutes

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MINUTES OF THE WORKSHOP MEETING CITY COUNCIL LITTLE CANADA, MINNESOTA JULY 9, 2008 Pursuant to due call and notice thereof a workshop meeting of the City Council of Little Canada, Minnesota was convened on the 9th day of July, 2008 in the Council Chambers of the City Center located at 515 Little Canada Road in said City. Mayor Bill Blesener called the meeting to order at 6:45 p.m. and the following members of the City Council were present at roll call: CITY COUNCIL: Mayor Mr. Bill Blesener Council Member Ms. Barbara Allan Council Member Mr. John Keis Council Member Mr. Mike McGraw Council Member Mr. Rick Montour ALSO PRESENT: City Administrator Mr. Joel R. Hanson City Auditor Ms. Peggy Moeller City Auditor Ms. Rebecca Peterson City Clerk Ms. Kathy Glanzer 2007 Peggy Moeller, Tautges Redpath, Ltd., City Auditor presented the AUDIT 2007 Audit Reports to the City Council. Those reports include the Annual REPORT Financial Report, the Report on Internal Controls, the Communication With Those Charged With Governance, and the State Legal Compliance Report. Moeller reported that the financial statements are the responsibility of City management. It is the independent auditor's role to report on the fair presentation of the financial statements. The City's internal controls are also reviewed, and the consideration of internal controls is used as a basis for designing audit procedures. The Auditor does not submit an opinion on internal controls. Moeller reported that the City of Little Canada received a "clean opinion" on the 2007 financial statements. Moeller reported that the Legal Compliance Report is required by Minnesota State Statute. Seven categories are reviewed for this report. These are: 1. Contracting and bidding; 2. Deposits and investments; 3. Conflicts of interest; 4. Public indebtedness; 5. Claims and disbursements; 6. Miscellaneous provisions; 7. Tax Increment Financing.