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1 <br />1 <br />1 <br />COUNCIL MEETING JUNE 12, 1995 <br />practicing their presentations. <br />The final forum will be held July 8, 1995 at the Rice Lake <br />Elementary School beginning at 8:45 A.M. and ending about 2:00 <br />P.M. Food will be available to purchase. The forum will begin <br />with the growth group presentation then go to the environment <br />group presentation, the education group, the commercial group and <br />ending with the parks growth group. <br />A recognition breakfast will be held on June 25, 1995 for the <br />20/20 advisory group members in the Senior Center. Families have <br />been invited since the advisory group members have spent so many <br />hours away from home the past few months. <br />Mayor Reinert felt that the 20/20 project was right on schedule. <br />He thank Ms. Sullivan for her presentation. <br />CONSIDERATION OF DISBURSEMENTS <br />May 31, 1995 - Council Member Elliott moved to approve these <br />disbursements as presented. Council Member Bergeson seconded the <br />motion. Motion carried unanimously. <br />June 12, 1995 - Council Member Elliott moved to approve these <br />disbursements as presented. Council Member Bergeson seconded the <br />motion. Motion carried unanimously. <br />Centennial Fire District - Council Member Neal noted that the <br />disbursement in the amount of $57,000.00 is for the purchase of a <br />fire truck. Council Member Neal moved to approve these <br />disbursements as presented. Council Member Elliott seconded the <br />motion. Motion carried unanimously. <br />Presentation of 1994 Executive Summary Audit - Mr. Schumacher <br />explained that the purpose of this presentation is to summarize <br />the 1994 audit and highlight the financial condition of the <br />General Fund. Other areas of importance to be reviewed include <br />assessments and collections, Area and Unit Fund, investments and <br />market value. Mr. Schumacher also noted that he will be <br />discussing plans to implement a fixed assets system. <br />Ms. Vaske used the overhead projector to show areas discussed by <br />Mr. Schumacher. The General Fund balance grew by $114,275.00 in <br />1994. The General Fund balance on December 31, 1994 was <br />$1,870,934.00. A policy adopted by the City Council in March, <br />1991 indicates that the General Fund balance at the beginning of <br />each fiscal year should equal the anticipated expenditures for <br />the first one -half of the coming year. The General Fund balance <br />on December 31, 1994 was short and the shortfall relates to <br />PAGE 3 <br />