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hiT~10'Cf~,S
<br />Ci_ty Counci7.
<br />Jtme R, 7.9!33
<br />Audit F;eport Dle. For>be~i.; ~slmd i.f Che SteaCe. l.a~a regulared the use of t~he:;e parlc
<br />(Con[.) F.unci rnonies, 'Che C1er1c re,?l.i.ed that i.t: i, thr.-~ I,i.ttle C.iuzida orcli_nance
<br />L~.i1t >ays the money cmn on1.~i be used for uarlc 1~nd acqi,i~s~i.tior~.
<br />. .
<br />~~It>, Scalae sY.:atE~~ t.hat ,he cvould c;ieck out Che S[ate lato i.^ th~s
<br />re~>,ard,
<br />'P(te Auditor r<eportc.d t:hat th<n Gity's ~oatrr ope:rnting, account haci a
<br />p17~4'LO si.trplus i.n 198? ~~rli~il.n th~ seaer o,?er~ti.n; account hacl a'loss
<br />oF (>1.8,7/47. 'C'.~i:i.s lo,s, ~~>1s due to the ch~iio-es inade~ b~ thc '-n~?CC.
<br />The clerlc° report:ed tnaC Chers should bF a rul~i.n~; ori tPie 1":~aleii overfilow
<br />situation within 90 days.
<br />'Chie Au<liCOr reF~orte~t tiiat the A„ency Tm1d i_s a ~~ass C.hrou~h accow~t.
<br />The ~uclitor recornmended t1iaC thi., account be~ monltnrr.-,d more ctose_1.~
<br />so that Ci.ty mon~i.t~s ~re not t.idvanced.
<br />'I'he t~udi.tor reportec~t that the Cit:y's cornputer sysC:ern is b~coini.np.,
<br />onsolete. 'Chis system wi.l.1 be revi_ewed durin~ 1.9~4. i4r_. ?2ardi_ni_
<br />;uh~esCed Chtat p~.rhaps tP~ere i, a rcr,i_dent: of the C~i_ty t'~at coul.d
<br />rlo sticl'~ a revi.e*;~ tor the CiCy>
<br />'Chr f.ollo~i.ng i_, a;ummary of thc items wh~i.r_h the Qi_ty Auditor
<br />re~commended be recorc~icd, ~_nvese~ ;ated anc!/or. r~esol.ved i.n 1`)i33:
<br />l. Prepare ~°inanci.al. project~i.ons nar,ed on conC:i.nuecl St~~Ce a~id
<br />reciurti.on,.
<br />2. Approve and re.cord ,i.nterfwi~,i ca,h tisi~,icrs to elfect, the intFrfuncl
<br />audiC and ye~r--end closinp; adjus[:menes at Dcce~ruber 3'l, 1982,
<br />3. hfoni.tor the pronerCy taax collecti.on rat.e.
<br />4~. Continue G9.cy e,2fvrCS to re-evalwatr ;i~ecial As~a~ssment.: de£errnenCs
<br />eind coll.ecti.ons and conCinue co mon-i.tor current collections,
<br />rlelinquenci.es and snec~ial defe.rrnent,.
<br />~. Rev:iew coordi.nated ~i~~te.rnal aecounCi~~; controls oi' the pity 8nd
<br />CoimCy Co d~termi.ne t:haC. adequace and ti.mely sammari.zati_on o,P
<br />asse,smer~t inf.ormation ~is avai.lable.
<br />6. Conti~lue Ci.~y ~f:Iorts Loward devel.opi_n,~ and mRintaiuinq aclequat:a
<br />~eneral 'Funct reserve balanc~.
<br />7. Ap;~ro~~e the cli,~nt;e ot the cL~tssifi.c<it~i.on of CI1e Park 2mprovement
<br />I'und f;rom ~ Spec~ial P,evenue Fund to a Capital. F'roject J+und
<br />efEecti.ve with thce preuarmt:ion of t1~e 198~, operati_~~g bud~et.
<br />to be .implemented, Januziry 1, ].984.
<br />S. Appr.ove ~chedi.ile of PutGtr,e 'I'mx Levi.es ~~resented to ensur,e
<br />adequn.Ce ftnanc~in; of, the- 1981 G.O. State Aid S[reet Bond,.
<br />Yat;e -3~-
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