05-11-2022 Council Minutes - Laserfiche WebLink

Home Browse Search

'1VMINUTES' OF' T IE REGULAR MEETING CITY COUNCIL LITTLECANADA, MINNESOTA MAY 119 2022 Pursuant to due call and notice thereof a regular meeting of the City Council of Little Canada, Minnesota was convened on the 11th day of May, 2022 in the Council Chambers of the City Center located at 515 Little Canada Road in said City. Mayor John Keis called the meeting to order at 7:30 p.m. and the following members of the City Council were present at roll call: CITY COUNCIL: Mayor Keis, Council Members Fischer, Torkelson, McGraw and Miller. Absent: None. ALSO PRESENT: City Administrator Chris Heineman, Community Development Director Corrin Wendell and City Clerk/HR Manager Heidi Heller. MINUTES McGraw introduced the following resolution and moved its adoption:. RESOL UTION NO. 2 022-5-62 — APPR O VING THE MINUTES OF THE APRIL 2 7, 2 022 WORKSHOP AND THE APRIL 27, 2022 REGULAR MEETINGS AS SUBMITTED The foregoing resolution was duly seconded by Miller. Ayes (5). Nays (0). Resolution adopted. ANNOUNCEMENTS Keis announced the Fire Department installed a new Firefighters Memorial next to the fire station, and the ribbon cutting was Monday night. PUBLIC COMMENTS None. PRESENTATION - 2021 ANNUAL COMPREHENSIVE FINANCIAL REPORT Michelle Hoffinan, Principal at CliftonLarsonAllen, stated she will be reviewing the City of Little Canada's 2021 Comprehensive Financial Report for the City Council. Ms. Hoffinan reported that all city staff were prepared and fully cooperated with the audit, and auditing staff 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 by the city in 2021, but noted that a change put in effect by GASBY regarding capital leases had been postponed and will go into effect in 2023. She stated they are issuing an Unmodified, "clean" audit opinion on the financial statements which is the best they can give, and there are no issues noted. Ms. Hoffman 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. She explained that the City's main revenue is from property taxes which is received two times per year. She stated that the City's financial results have been fairly consistent over the last five