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MINUTES <br />CITY COUNCIL <br />NOVEMBER 27, 1991 <br />prepare monthly reports. Matson reported that <br />currently his organization does their accounting <br />internally, and since this system is working for them, <br />does not feel the extra expense of a CPA is needed. <br />Matson reported that he does this type of work for <br />other organizations as well, and all the work that he <br />has done has been checked by the State, various cities, <br />etc. without problem. Matson requested that the <br />ordinance limit the requirement for a CPA to the annual <br />audit, and that his organization be allowed to continue <br />to prepare monthly reports. <br />LaValle pointed out that this matter was discussed in <br />detail at the last meeting. Four of the five charities <br />indicated that they are currently using a CPA to <br />prepare both monthly reports and audits. LaValle <br />pointed out that four of the five charities operating <br />at the Little Canada Bingo Hall are comfortable with <br />the provision; therefore, LaValle, felt it should <br />remain. <br />Matson pointed out that the ordinance requires 3% of <br />gross profits to be used by the City for enforcement <br />purposes. Matson assumed that this revenue will be <br />used by the City to cover the costs of personnel to <br />review monthly and annual reports. Matson felt that <br />the requirement of a CPA to prepare monthly reports in <br />addition to the 3% tax was too restrictive, and pointed <br />out that the cities of Roseville, St. Paul and <br />Minneapolis do not require that a CPA prepare monthly <br />reports. <br />Blesener stated that the Council has discussed this <br />ordinance in detail. Blesener indicated that he agreed <br />with Matson's comments, and asked if anyone on the <br />Council had changed their position on this issue. <br />Scalze replied that she has not changed her position. <br />Scalze pointed out that in reviewing the proposed <br />ordinance, there were one or two points that not all <br />Council Members agreed with. The draft as proposed is <br />a compromise. <br />Collova stated that he agreed with Blesener. <br />Hanson asked if it were a great financial burden to <br />have a CPA review monthly reports. <br />Matson replied that in order for a CPA to do an <br />adequate review of monthly reports, they will have to <br />actually redo the work. Matson stated that he is <br />satisfied that his organization has better controls and <br />methods for completing the monthly reports. Matson <br />Page 7 <br />