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MINlJ7'F,S <br />Ci.ty Counc:il <br />May 28, 1985 <br />Audi.t In order to comply, Che Auditor is recornmending that ai l.etter oL <br />Report representati.on be recei.ved from all. public of.f:icial.s stati.np, that <br />(Gont.) he/she has read the applicable statutes and that no such confl.i.cCS, <br />as outli.ned :i.n t:he statues, exist (or Chat such confli.ct;; be <br />disclosed). <br />'1'he f:ollowi.ng is a summary of the items to be recorded, i.nvesti.~;aCed <br />.and/or resolved during t9£35: <br />-~Conti.nue to monitor legi.slative ar_t:ions whi.cki can af.f:ect the <br />fi.n~~ncing oF City government. <br />-~Continue eEf.'orrs to moniCOr coinpli.ance wi.th investmenC collateral <br />rec{ii irements. <br />~'~Approve ancl record the December 31, 19f34 audited account balances <br />on Che City's Linancial accountinf; system. <br />%'~Conti.nue Co moni.tor the collection rates o£ property taxes and snecial <br />assessmenCS. <br />%~Conti.nue eEforts to mai.nCai.n compl.ete updated subsi.di.ary li.stings ot <br />special deferred speci.al. assessments. <br />%~Continue efEorts to monitor. the t:i.meliness and qual.i.ty of speci.al. <br />assessment data provi.ded by Che County. <br />'"°Revi.ew unreconcilecl assessment rolls with County personnel. <br />*Conti.nue elf:orts to maintai.n adequate reserve balances in the Ci.ty's <br />General Pund. <br />-~Ta1<e acti.on to approve the Revenue SharLnt; compli.ance audi.t engagemenC. <br />-~At least annual.ly, review projects in Che inCerim construction fund <br />to update projecC staCUS. <br />~`Take action Co efLect the clos2n~ of. the Temporary Sonds of 19£31. Fund. <br />''~Conti.nue efEorts to mon:itor the fi.nanci.al position of Che ciCy's <br />Speci.al As>essment Debt Service 17unds and consi.der. an updaCe of. <br />the Ci.ty's Spec~i.al. Assessment UebC Service Stucly. <br />''~Talce action eo close various spe<:i.a1 assessmenC construction Eunds <br />as the relaCed projects are completed. <br />'`Continue to monitor tl~e financi.al pos:iti.on of: the Ci.t.y's W~.iter and <br />9ewer Puncls. <br />*Consider Che benef:i.ts oE a Utl.lity Rate Study. <br />'~F.xplore Che possibi.l.ity oI constructing welis Co provide the City's <br />waCer needs. <br />Page -5- <br />