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n1NU•rrs <br />ciey council <br />~~iay ?~, 19£35 <br />Audi.t <br />ReporC <br />(Cont.) <br />Mr, Vot:o explai.nec{ to the Counc:i.l. the City's General and Special Revenue <br />I~un<ls. SCaCe aids and 1oca1 property taxes are used to f:i.nance the,e <br />furids and the Audi.tor provlded a graph c(etailinp, th,is. <br />Mrs. ScaLze aslced ~~hy there coas a bi,g jump iri property Caxes in 19£34. <br />The Audi.tor explai.ned t:hat this i.s because Chere was no increa>e :in <br />government aid i.n 1984~ and the CiCy had to levy taxes to mal<e up Lor <br />Chi_s. <br />The Au<litor inf:ormed the Counci.l that 1oca1 government aid malces up <br />the rnajor porti.on of State aid received by Che Ci.ty. 'Lhe Auditor <br />also reported Cktat loc~al government ai<ts are increasi.ng for some <br />ci.ti.es, but goin~; down for LitCle Canada. 'Ph:i.s i.s due to LobUyi.ng <br />ef[orts by SC. ?'au7. and [Qinneapolis. 'Che Auditor reported th~it most <br />ot the seven-county suburban ci.ti.es are talcing a be.ati.ng i.n this <br />regard. <br />Mr. Pahey po~i.nted out thaC duri.ng 19f34~ the Ci.ty almosC tri.pl.ed its <br />investments earni.ngs. <br />'I'k~e Audi.tor pointed out of. the City's total expend'ttures for General <br />anct Speci.al. Revenue Punds for 198G, Pub1.:Lc Saf.ety, or police ~nd f.i.re <br />protection, is Che hi.;hest. <br />The Auditor r.eported that there has been an i.r~crease in detinquenk <br />t~xes in t:he Ci.ty, but the Ci.ty sti.ll has a 98% collecti.on rate. <br />A1so, the CiCy has made efforts Co collect delinquent taxes. Also, <br />the delinquency rate for special assessrnents rece~i.vabl.e is up, but <br />it: ,is not terri.ble. <br />The Auclitor then poi.nted out the Ci.ty's special deferred assessmenCS. <br />The Cl.erlc reported that thc bu11< of [hese are deferred unti.l the <br />pr.operty i.s bui.lt upon, but Che Ci.ty i.s collecti.n~; inCerest on these <br />dePerrals. Interest began accruing i.n 1980< Af.Cer the interest <br />was l.evied, Che City did begi.n malcing some coi.lecCl.ons in thLs area. <br />The Auditor felt that the City should have beCter controls in the <br />area of special assessments and pointed out that the County had good <br />cont:rols i.n this area about 5 years ago, but due to bud~;et crunclies, <br />no longer does. <br />'Che Auc(itor then pointed out the bonds paylb].e Chroup,h December 31., 19£3<<. <br />'fhe Auclitor poi.nCecl out Chat the Gencral Fund I3alance increased by <br />$26f3,58.i in 1984. Mr. Voto r.eported that generally expendi.CUres <br />~oere under budget on ~n overall. bnsis. <br />The minimum requ~ired cash-flow reserve is $3£31,000 and the Ci.ty <br />currently has ~538,170 less $65,000 which is commiCted to be carri.ed <br />forward ancl expended in 1985. 'Chi.s $65,000 i.s commiCted Co the <br />sprinkler systems in the City Center and Ff.re PIall, ~cquir.i.ng land <br />Page -2- <br />