05-26-2021 Council Minutes - Laserfiche WebLink

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MINUTES CITY COUNCIL MAY 269 2021 Torkelson stated that he went on a ride -a -long with the Ramsey County Sheriff s Department and he was very appreciative of their time. PUBLIC COMMENTS None. PRESENTATION — 2020 COMPREHENSIVE ANNUAL FINANCIAL REPORT The Finance Director explained that the city auditors from CliftonLarsonAllen will review the 2019 Comprehensive Annual Financial Report tonight. Michelle Hoffman and Lance Lauinger with CliftonLarsonAllen, the City's auditors, were in attendance to review the City of Little Canada's 2020 Comprehensive Financial Report. Ms. Hoffinan reported that all city staff cooperated with the audit and they were able to obtain all needed information. She noted that the Finance Director prepares the report and it is a big job to take on. She noted the audit provides a reasonable, but not absolute assurance. She stated there were no new policies adopted in 2020. She stated they are issuing an Unmodified, "clean" audit opinion on the financial statements which is the best they can give. Ms. Hoffinan reviewed the unassigned fund balance in the General Fund, which is the liquid portion of the City's finances since it is not designated for a specific purpose. She noted they fall within the City's policy. Mr. Lauinger explained that the City's main revenue is from property taxes which is received two times per year. He stated that the City's financial results have been fairly consistent over the last five years which is something that they are looking at. He explained the charts showing the Enterprise Funds (water and sewer funds) operating income, and future debt service. He noted the City has no debt levy which means that debt payments are supported by utility income rather than the taxpayers. He reviewed the financial results and the various funds, revenues, and expenditures, and compared the last few years. He showed how Little Canada compares to other cities and the state average in property tax levels. Ms. Hoffman explained that a change put in effect by GASBY regarding capital leases has been postponed and will not go in to effect until December 31, 2022. She reported that there is also a change to subscription -based information technology arrangements. PUBLIC HEARING — CONSIDER A SUBDIVISION AT 817 KELLER PARKWAY The Community Development Director presented a request for a minor subdivision/lot split for 817 Keller Parkway. She stated that the owners of 2828 Keller Parkway are the applicants. She reviewed the zoning and size of the parcel. She stated that Keller Parkway splits the subject property and identified the proposed split line, which would provide lake access to the property at 2828 Keller Parkway. She reported that tonight is the public hearing. She stated that she received a letter of support from a neighboring property owner, and the Planning Commission unanimously recommended approval of this subdivision. 2