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06-07-2021 Council Minutes (2)
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06-07-2021 Council Minutes (2)
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10/15/2021 1:18:32 PM
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City Council
Council Document Type
Council Minutes
Meeting Date
06/07/2021
Council Meeting Type
Work Session Regular
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CITY COUNCIL WORK SESSION <br />APPROVED <br />136 a Report on Internal Controls Over Financial Reporting; <br />] 37 • Report on Compliance for Each Major Program and on Intemal Control over <br />138 Compliance; <br />139 E The Single Audit (done when/because of federal funds received); <br />140 • American Rescue Plan Act —eligible uses; <br />t41 • Communication to Those Charged with Governance (ever}rthing went very well); <br />142 • Summary of Financial Activity (table); <br />143 a General Fund Summary and Five Year History; Monthly Cash Balances; <br />144 . Enterprise Funds, Cash Flow. <br />145 <br />t 46 Mr. Hering summarized the report by noting that everything went very well and there are <br />147 no findings to report. <br />148 <br />149 Councilmember Lyden noted the receivables from the Legacy at Woods Edge and the <br />150 comment that staff believes that is collectible; can staff provide an update? Also how <br />151 can the City increase its bond rating? Administrator Cotton recalled the question of bond <br />152 rating was asked of Baker Tiller consultant Terri Heaton and she will be responding on <br />153 that; it will involve more long range planning and in general the City needs to grow and <br />154 develop more. The Legacy debt is internal and will work itself out over time. <br />155 <br />156 Councilmember Ruhland thanked staff for a great job and the auditor for their work. <br />]57 <br />] 58 3. Electronic Municipal Payments — Finance Director Lynch reviewed her written <br />t59 staff report. She explained that the option for these municipal payments is now available <br />60 through the Springbrook system that the City uses. The program doesn't have a cost but <br />161 credit card fees would apply for that type of payment. Staff is recommending the City <br />t 62 cover the fee and with the idea to keep an eye on those charges. The amount of the fee is <br />163 noted in the staff report. <br />164 <br />1 <br />65 Councilmember Ruhland asked if there will he an opportunity to receive a check card <br />166 rather than a credit card so there would be a lower fee; Finance Director Lynch will look <br />167 into that matter. <br />t68 <br />169 Councilmember Stoesz noted that he works for a bank. He has had training and he <br />170 knows there is sensitivity about storing credit card information; Ms. Lynch said the City <br />171 will not be storing card data. <br />172 <br />173 Councilmember Lyden asked if people can still pay with cash or check and Ms. Lynch <br />174 said yes those payments will be accepted. <br />175 <br />176 The council concurred that staff should move ahead. <br />177 <br />178 4. Liquor License Fees — City Clerk Bartell reviewed the written report. Staff is in <br />179 the process of receiving renewal applications for City issued liquor licenses and has been <br />180 looking at measures to provide relief to these businesses that have been greatly impacted <br />
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