08-14-2013 Council Agenda - Laserfiche WebLink

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Ouarterly Financial Reports Attachment #4 is our first attempt at a format for quarterly financial reporting that is part of our financial management policy. I believe Sharon used Roseville's report as the model. A quick summary with comments is as follows: • The first sheet is the combined report for all funds except debt service, tax increment financing, and capital improvements. • The General Fund is depicted on the next sheet. You will note that though June 30°', we have only collected 5.2% of budgeted revenues while spending just short of 1/2 of expenditures. This is the cash flow issue we frequently refer to and caused by the fact we don't collect taxes or state aids until the 2 "d half of the year. • Parks & Rec Special Fund is the next sheet. This relates to the programming component of the department. • CATV comes next. In this fund, revenues lag given franchise fees are received quarterly and after the completion of the quarter. Expenses are low given we historically run under budgeted amounts. • Recycling/Disposal is the next sheet. This accounts for the billing of our organized collection program. Again, revenues lag due to quarterly billing (only one quarter has been billed at 6/30). • The Water Fund is the next sheet and again only one quarter has been billed. The first quarter is usually the lowest revenue quarter of the year (winter time). • The Sewer Fund is the Last sheet. Here revenues will typically be more even given most homes currently pay the minimum bill. Sharon will be present to answer questions and discuss any changes you feel are necessary. McMenemy South of Highway 36 /City of Maplewood: Attachment #5 is a memo from Lee Elfering, our City Engineer. Essentially, the City of Maplewood wants to improvement the area that includes McMenemy, a portion of which is in Little Canada. They have made changes to their assessment policy that staff feels will make a joint project difficult to explain /justify to our residents given the difference in assessed costs. Lee's memo discusses this issue and we would like to see if you agree with our suggested approach. Owasso /Woodlyn Redevelopment 1 still have not had a response from McGough on their commitment to working with us on this redevelopment project. I sent another e-mail a couple of days ago. We also made contact with a St. Paul Chamber employee who happens to be an in -law. Hopefully, we can learn their intentions so we can move forward with more confidence. In the worst case, their property won't be in the mix and we will move forward with what we have. Canadian Days Follow -up: In viewing the Canadian Days event this year, I have some suggested changes that I would like you to comment on before I take them further. Here is a quick summary: 3