CC PACKET 06081999 - Laserfiche WebLink

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City Council Meeting Minutes May 25, 1999 Page 5 1 Motion by Faust, second by Thuesen,to approve a rear yard variance request by Coppo 2 Partners for 2837 Anthony Lane. 3 4 Motion carried unanimously. 5 6 B. Stuart Bonniwell will present the 1998 City Audit. 7 Ranallo welcomed Stuart Bonniwell and invited him to address the Council. Mr. Bonniwell 8 reviewed the 1998 City Audit Report, which he presented to the Council at their May 4, 1999 9 worksession for comments and questions. He added the changes to the final report were a result 10 of issues raised at that worksession. 12 Mr. Bonniwell noted an addition to the report on Page 4-5 of Exhibit A, an exhibit'of fund types 13 and account groups, to include the general fund, special revenue funds, debt service funds, and 14 capital project funds. 15 16 Mr. Bonniwell noted, under the column General Long-Term Debt in Exhibit A on Page 5, the 17 City currently has over$7 million in general long term debt. He added the remaining sections of the report are concerned with details of the variance funds which were reviewed extensively at the recent worksession. 20 21 Cavanaugh stated there appear to be only 2 recommendations in the report,pertaining to a parks 22 improvements fund and liquor inventory fund. He asked Mr. Bonniwell to review these 23 recommendations. Mr. Bonniwell stated the creation of a parks improvements fund would assist 24 the City in attracting funds to be spent in the future, similar to a capital project fund but 25 designated for parks. 26 27 Mr. Bonniwell stated, with regard to the liquor inventory system, an adjustment-was made to the 28 inventory at the end of 1998, and he recommends a quarterly reconciliation of funds in case of 29 discrepancy. 30 31 Cavanaugh asked how the Council should act on these recommendations. Mr. Bonniwell stated 32 last year's recommendations were addressed by City management. Mr. Mornson stated the parks 33 improvements fund issue will be addressed at the budget worksession. Mr. Bonniwell stressed 34 the importance of making funds more visible for parks improvements. 35 36 Cavanaugh noted Mr. Bonniwell's statement dated March 30 which was included in the meeting 37 packet but not referenced in the audit report. He stated he believes the information would be of 38 interest to the public and should be in the report. Mr. Bonniwell stated that is a separate letter which is not typically included in the report of items which he felt might be of interest to the Council. He added this is a standard practice. 41