HomeMy WebLinkAbout08-29-78 CCMAGENDA --SPECIAL COUNCIL MEETING
City of Lake Elmo, Minn.
MEETING TO BE EELD TUESDAY, AUGUST 29, 1978.
Please note 7:00 P. --- Part I --Bob Voto-- Explain. Audit
time,
7:30 P.M.-- Part II --Personnel decisions that effect
the Budget
Part III --Capital Equipment and Improvement
decisions that effect Budget
Part IV --Reserves
Part V -- Operating Budget for 1979
Part VI-- Other Personnel decisions(if time)
Part VII--S Year Capital Plan (if time)
Adjourn 10:30 P.M.
Minutes of Special Meeting of Lake Elmo City Council, August 29, 1978.
Meeting called to order. at 7:03p.m. by Mayor Armstrong.
Present: Mayor Armstrong, Councilwoman Lyons and Councilmen Pott and
Morgan.
Absent: Councilman Shervheim.
Audit: Mr. Robert Voto, of. DeLaHunt, Voto & Co., Ltd., reviewed the
audit for fiscal year ending Dec. 31, 1977. He pointed
out that although the 1977 audit was acceptable, state
legislation require that 1978 records be on an accrual basis.
Again in 1977, as in 1976, he pointed out that investment
fund interest should be assigned to appropriate fupd�when
received.
A special trust fund account should be established to record
all pass thru transactions.
Since Lake Elmo is now in its third flood project, it is
recommended that these expenditures be recorded in a separate
account.
Motion by Mayor Armstrong 2nd by Councilman Morgan to
approve the interfund cash transfers, recommended by the
auditors, on page 6 of 1977 audit. Said transfers to be
made during 1978. Carried 4-0. Councilman Shervheim absent.
Recommendation that city contract with Washington County
to get the assessment roles on the county computer system.
i
Motion by Councilman Pott 2nd by Councilman Morgan to
transfer the December 31, 1977 balance of $188. in the RR
crossing account to the Road Project account. Carried 4µ0.
A compliance audit will be required every three years on
Revenue Sharing. Auditor said we could comply in 1978 but
suggested we wait until 1979.
First hearing on Revenue Sharing budget is scheduled for
September 5, 1978. Recommend that council review the previous
expenditures.
Budget discussion. Personnel decisions: Councilman Pott recommended
that employee wages and benefits be reviewed once a year,
other than new hire.
Council reviewed and submitted the attached budget.
Budget: The unaudited 1979 budget was $368,460. Total revenue other
than General Property -tax was $199,829. This leaves $168,631.
to be levied from General Property Tax. (1978 was $171,792.).
Council agreed that they would approve this figure or 9.5
mils whichever was less. Final vote scheduled for Council
Meeting September 5, 1978.
Adjournment: Motion by Councilmhn:Pott, 2nd by Mayor Armstrong to
adjourn at 11:29 p.m. Carried 4-0.