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MINUTES Ol~ Tk1E [dORiCSHOP M~L'TING <br />CITY COiINCIL <br />LI'CTLF CANADA, MINNESOTA <br />July 17, 19£14 <br />Pursuant to due call and noti.ce thereof, a worlcshop meeting of the <br />City Counci.l of. the City of Little Canada, Mi.nnesota was held on <br />the 17th day of July, 1984 in the Counci.l Chambers of the City <br />Center located at 515 Little Canada Road in sa~i.d City. <br />Alayor Raymond F~lanson chaireci the meeti_ng and callec! iC to order at <br />4:30 P,M. and the f.ollowing were present aC roll cali: <br />MEMB}'sRS PRI;SENT: <br />ALSO PRPSENT: <br />Mayor <br />Councilman <br />Counci.Lman <br />Councilwoman <br />Counci.lwoman <br />City Clerlc <br />City Auditors <br />Recordi.ng Secretary <br />Mr. Raymond lianson <br />Mr. Michael F'ahey <br />Mr. Dennis Forsberg <br />Mrs. Mugs Nardini. <br />Mrs. T3everly Scalze <br />Mr. Joseph Chlebeclc <br />Mr. Robert Voto <br />Mr. Rob Tautges <br />T4rs. Kathleen Glanzer <br />Mayor Raymond lianson opened the workshop meeting. The purpose of. <br />the meeting is so that the City Auditors can present various f.i.nancial <br />reports of. the City to the Counci.l. <br />The first report presenCed cvas the Annual. Pinzincial Report of the <br />City through December 31, 1983. Mr. Voto reported that the City <br />received a clean opinion in this report ~aith the exception ot fixed <br />assets. The reason for this is that the City does not have a physi.cal <br />inventory control sysCe,m. <br />Mr. llanson asked if the report wi11 result in an i.mproved bond rating. <br />Mr. Voto replied that he di.d not think so as emphasis is being pl.aced <br />on the State situation. Voto reported that some cities are receiving <br />decreased bond ratings. <br />Mrs. Nardini aslced if when the City has a computer system, i.f. this <br />cai11 take care of the Eixed asset question. <br />Mr. Voto sCated that this wi.l1 Ue considered when the City i.s Looking <br />at various computer systems so that this wi11 be a possi.bility in Lhe <br />future. Voto reported that of the 16 c.i.ties that they audit, there <br />are f.ew with i.nventory control systems f.or fixed assets. <br />The next report that was presented was the Nlanagement Report And <br />Recommendations through December 31, 1984. <br />Voto reported that the Ci.ty has experienced a 57.5% revenue increase <br />over a five year period in the General. Fund and Special Itevenue Pund, <br />Page -1- <br />