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CITY COUNCIL WORK SESSION <br />June 3, 2019 <br />APPROVED <br />1 CITY OF LINO LAKES <br />2 MINUTES <br />3 <br />4 DATE June 3, 2019 <br />5 TIME STARTED 6*00 p.m. <br />6 TIME ENDED 8:10 p.m. <br />7 MEMBERS PRESENT Council Member Rafferty, Maher, <br />8 Manthey, Stoesz and Mayor Reinert <br />9 MEMBERS ABSENT None <br />10 <br />11 Staff members present: City Administrator Jeff Karison; Public Safety Director John <br />12 Swenson; Community Development Director Michael Grochala; Finance Director Sarah <br />U Cotton; Human Resources Manager Karissa Bartholomew; Public Services Director Rick <br />14 DeGardner; City Engineer Diane Hankee; City Planner City Clerk Julie Bartell <br />15 l . Review 2018 Annual Audit, Redpath &Company, Ltd. —Finance Director <br />16 Cotton and Andy Hering, Redpath and Company reported. Mr. Hering reviewed a <br />17 PowerPoint Presentation outlining the results of the 2018 Audit. Information was <br />18 presented on the following: <br />19 <br />20 - Excellence in Financial Reporting Certificate; <br />21 - No items on which to follow up on the 2017 Audit; <br />22 - Reports that are issued for the audit relate to the auditor's opinion, an <br />23 internal control report, legal compliance report, and an executive report to City <br />24 Council; <br />25 - The City has received a clean opinion; <br />26 - The City Charter requires adoption of a five-year financial plan and that <br />27 hasn't been done recently; <br />28 - Review of schedule used for audit; <br />29 - Audit practice includes looking at completeness, occurrences and <br />30 accuracy, using data mining techniques; <br />31 - The letter to the City Council includes communications (that were <br />32 reviewed); <br />33 - Pension Liability — figures were reviewed; <br />34 - Summary of financial activity; General Fund; Special Revenue Fund; <br />35 Capital Project Fund; and Enterprise Fund. <br />36 Mr. Hering concluded that it was a very good audit and he found staff well prepared. <br />37 <br />38 Ms. Cotton said the audit will be briefly reviewed at the upcoming council meeting and <br />39 the council_ will be asked to formally accept the audit results. <br />40 2. MS4 Annual Report —City Engineer Hankee reviewed a PowerPoint <br />41 Presentation outlining the City's activities and events related to the MS4 Program. The <br />42 annual report is required in order for the City to maintain its permit to operate a storm <br />13 sewer system to discharge storm water. <br />