08/10/1987 Council Minutes - Laserfiche WebLink

Home Search

192 COUNCIL MEETING AUGUST 10,. 1987 Mr. Bohjanen asked if financing, policing and scree_ ts have been addressed. Mr. Schumacher explained that_ he has not_ had a chance 1 review the proposal. Don Baclter, 11251 National Street, explained That illaine is trying lo avoid making the environmental study by proposing two sites breaking up the proposal into ;item so that a study would not be required. Blaine is sayin . that the second site is only an extension of Lochness Park when in fact it will be used for additional parking. Pam Maas, 10211 National Street, noted that this facility was proposed for Savage and was not approved for that location. The area citizens are now being notified by means of a flyer in their mailboxes. Mayor Benson asked the citizens to contact Mrs. Langfeld and the City will do the same. This proposal is being forwarded to the City Planner and then will be brought to the Planning and Zoning Board. CONSIDERATION AND REVIEW OF THE 1986 AUDIT - ROB TAUTGES Mr. Tautges presented the 1986 audit to the Council and reviewed the management letter noting areas of concern and areas of improvement. He noted that 720 of the City's receipts come from either state or federal sources. He suggested that the City closely monitor all legislation that would affect these funding sources to see that the are protected. Mr. Tautges suggested that the City establish an investment policy. This policy would address investing parameters in relation to security, liquidity, yield and risk. Mr. Reinert asked that Mr. Schumacher and Mr. Tautges put together a presentation for the Council. Mr. Schumacher said he felt this was not high priority since there is not much to invest. Mr. Reinert said this City should make all investments count and a policy would give firm direction on the matter. Other matters addressed by Mr. Tautges were accounting for assessments to provide assurance that all assessments are properly placed on the tax rolls and received in a timely manner, monitoring property tax collection and possibly increasing the maintenance allotment from the MSA funds. He said the City is moving in a positive manner regarding the General Fund in that the fund balance continues to grow each year and grew significantly this past year. Mr. Reinert noted that there were a number of summary items addressed in the management report and suggested that the Council hold a special meeting to address these items. Mr. Schumacher said that the staff has already started to -implement some of the suggestions but a special PAGE 3 1