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CITY COUNCIL WORK SESSION May 26, 2015 <br />DRAFT <br />45 management analysis and answer questions with regard to the financial condition of the <br />46 City. The auditors reviewed a written summary of the audit finding (on file), specifically <br />47 noting the general fund revenue and expenditures, the city's strong fund balance, <br />48 enterprise funds, future debt service obligations and current debt levels. Regarding how <br />49 the 2011-2012 fund balance is charted in the report, information is presented in a manner <br />50 that confuses different information presented on the same graph; the auditors will update <br />51 that page. Council Member Roeser asked about the city's pension obligations and <br />52 received additional explanation of that element. <br />53 <br />54 The council will consider acceptance of the audit report at the council meeting. <br />55 <br />56 The meeting was adjourned at 6:28 p.m. <br />57 <br />58 These minutes were considered, corrected and approved at the regular Council meeting held on <br />59 June 9, 2015. <br />60 <br />61 <br />62 <br />63 <br />64 Julianne Bartell, City Clerk Jeff Reinert, Mayor <br />65 <br />2 <br />