Laserfiche WebLink
~1INUTGS OE' T'NG ~P.E(1dAi, Mf'i~.1'I~TG <br />CIi'X COUNCII, <br />I.L't'Tl.~: CANADA~ riTNNliSO'TA <br />Maq 18s 1982 <br /> Pursuant to due aa11 and notice thereaf a s~ecial meeting of thr <br /> CouneS.l of the CiCy of Li~tle Canada, M ~.n~Yesota was hel.d on the <br /> 18Ch day of May, 1982 in ~rie Council. Ghambers of the CxL•y Center <br /> locateci at S15 L'a.t~~.e Canada koad in sa 9.d CiCy. <br />Agenda The Maqor- P9r. ttaymond F[anson, ~kaaired Che rnee~ing and calle.d it <br />I~em No. 1 Co ordex• at 7:35 P.~1. and the followang we~e presenC at roll calli <br />Agenda MEPiAERS PRLStiN'1's Mayor Mr, Raqmozxd Hanson <br />I~.em No, 2 L'ouncil.man Mr, Ma.chael S~ahey <br /> Councilcroman Mrs, Mugs Nard'arzi <br /> Councilwomarz Mrs, Beverlq Sca7.ze (arrived 3s7.5) <br /> MLyIiLRS ASSEi~Tt CouneS.lman Mr, llennis L~or,sberg <br /> AT~SO PRi'sSEN'Ps City C1erk Mr. Jos~ph Chlebeck <br /> City Audi~or Mr.. Bob Voto~ DeT.2.Hunt Vo~o & Co. <br /> Depu~y Clerk rirs. Annette F'reeman <br /> Recording Sc~cretaxq Mrs. Kathle~ Glan2er <br />Agenda ritr. }lob Voto of the fi.rm DeLaklunt Vo~o & Co., Ltd., Che City's Auda.tors, <br />Item No, 3 appeared before the CouncS.l Co gi.ve the Caunoil the 1981 AudiL: Sia*,~x-rt <br /> For. Che CiY.y. <br />1981 <br />~~a~~ Pir. Voto submiCtecd to ~he Coune~l an an nual F'inancial it~port For thv <br />Report Ca.Ly which Mr. Voto staCed a.nclud~d all. ~he .Finaneial aptivifi.y of rhe <br /> Ci.ty coverS.ng 19H1 including an Auditor5 Opinion, <br />R4r., VoCo repor~ed ~hat his firm r.endered a clean opini.on on the Cs.Cys <br />ii.nanr,ial activit~~s wiCh excepCion to the Ca.tys gen~ral Pixecl asseCs. <br />Mr. Voto explained Che th~ City does noC maintain complete accounting conT.rols <br />over q~zantita.es and costs of genez-al fixed assets. Z'here£ore, ~t was <br />impractical for DeLaHunL & VoCn to audit the Cityds Statem~rat of GEmer,al <br />F9.xec1 Assets, <br />Mr. Voto explazned to the Counci_1 tha~ to maintai.n these accowaCing eori~ro~s <br />would be very cosLlq to the Ca.ty, <br />The n~~ report that Mr. Vo~o prescasx~ed ~.o the Counc~.l S.s Lhe Management <br />Report and ltecommendations daCed Aecember 37., 1982. hlr.a Voto Chexa <br />pro~eeded to ~o through this re~rorC witka1:he Council, <br />Mr, Voto pointed ouC that ~kae City is mazntai.ni.ng mueia be~Cer a.nves~rnent <br />pol9.ei.es than i~ had in the pas~. Ntr. Voto recommended Chat L•hese [~ol.i.o9.es <br />be formalizerl with writCen gxocedures, <br />Mr. Vo~o also pointecl out Chat the funcls oza depos5.t aC fihe Fi.rs~ Sta9:e <br />Bankc wer.e n~~ sufficiently collatera.liz~d. 'Che Ci.ty Clerk cammerxCed <br />tha~ thi.s situa~ion has been Laken care af. <br />Fage -1- <br />