07-08-09 Council Minutes - Laserfiche WebLink

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MINUTES CITY COUNCIL JULY 8, 2009 done in-house, the auditing is more expensive, thus negating the savings from having the report done in-house. McGraw asked how the City's debt level compared to cities of similar size. Moeller stated that the City does not have a lot of debt per capita. The City Administrator indicated that Little Canada's debt is low and that the City has not had airy General Obligation Debt since the Little Canada Fire Station was built. The Administrator pointed out, however, that Arden Hills has no debt. With regard to the 2008 Budget balance, the City Administrator reported that two of the primary reasons were that Little Canada received Local Government Aid money as well as had significant building permit revenue from the St. Jude Medical project. The Administrator noted that initially LGA money was to be approximately $225,000, but the State wrallotted a portion of these funds and Little Canada received about half its initial allotment. The Administrator pointed out that these types of revenue are one-time money, and the City did not want to program the dollars into its operating budget. He noted that with the State's unallotment of LGA dollars, cities that planned on these funds for operational costs are in difficult positions. Moeller stated that agreed that the cities that did not rely on LGA funds for operating costs are in much better shape than those that did. Blesener thanked the City Auditor and City staff for their work. The Administrator noted that the Finance Director does an excellent job for the City. Mr. Montour introduced the following resolution and moved its adoption: RESOLUTION NO. 2009-7-ISI -ACCEPTING THE 2008 AUDIT REPORT AS PRESENTED BY HLB TAUTGES REDPATH The foregoing resolution was duly seconded by Boss. Ayes (5). Nays (0). Resolution declared adopted. WAIVER OF Tim Zarembinski, Little Canada Recreation Association, appeared before 10% PEE- the Council requesting a waiver of the City's 10% Gambling Fee on funds LITTLE that LCRA is transferring from their General Fund to their Gambling CANADA Fund. Zarembinski reported that the transfer is necessary in order to bring RECREATION their gambling operation into compliance with State-imposed expense ASSOCIATION limitations. Zarembinski reported that the State-wide smoking ban has had a negative impact on many gambling establishments in the State. He noted, however, that the bingo hall has been doing better since the first of the year, and anticipated a more favorable income to expense ratio. Many