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r <br /> City Council Meeting Minutes <br /> • May 25, 1999 <br /> Page 5 <br /> 1 Motion by Faust, second by Thuesen, to approve a rear yard variance request by Coppo <br /> 2 Partners for 2837 Anthony Lane. <br /> 3 <br /> 4 Motion carried unanimously. <br /> 5 <br /> 6 B. Stuart Bonniwell will present the 1998 Ci1y Audit. <br /> 7 Ranallo welcomed Stuart Bonniwell and invited him to address the Council. Mr. Bonniwell <br /> 8 reviewed the 1998 City Audit Report, which he presented to the Council at their May 4, 1999 <br /> 9 worksession for comments and questions. He added the changes to the final report were a result <br /> 10 of issues raised at that worksession. <br /> 11 <br /> 12 Mr. Bonniwell noted an addition to the report on Page 4-5 of Exhibit A, an exhibit of fund types <br /> 13 and account groups, to include the general fund, special revenue funds, debt service funds, and <br /> 14 capital project funds. <br /> 15 <br /> 16 Mr. Bonniwell noted, under the column General Long-Term Debt in Exhibit A on Page 5, the <br /> 17 City currently has over$7 million in general long term debt. He added the remaining sections of <br /> the report are concerned with details of the variance funds which were reviewed extensively at <br /> 40 the recent worksession. <br /> 20 <br /> 21 Cavanaugh stated there appear to be only 2 recommendations in the report, pertaining to a parks <br /> 22 improvements fund and liquor inventory fund. He asked Mr. Bonniwell to review these <br /> 23 recommendations. Mr. Bonniwell stated the creation of a parks improvements fund would assist <br /> 24 the City in attracting funds to be spent in the future, similar to a capital project fund but <br /> 25 designated for parks. <br /> 26 <br /> 27 Mr. Bonniwell stated, with regard to the liquor inventory system, an adjustment was made to the <br /> 28 inventory at the end of 1998, and he recommends a quarterly reconciliation of funds in case of <br /> 29 discrepancy. <br /> 30 <br /> 31 Cavanaugh asked how the Council should act on these recommendations. Mr. Bonniwell stated <br /> 32 last year's recommendations were addressed by City management. Mr. Morrison stated the parks <br /> 33 improvements fund issue will be addressed at the budget worksession. Mr. Bonniwell stressed <br /> 34 the importance of making funds more visible for parks improvements. <br /> 35 <br /> 36 Cavanaugh noted Mr. Bonniwell's statement dated March 30 which was included in the meeting <br /> 37 packet but not referenced in the audit report. He stated he believes the information would be of <br /> 38 interest to the public and should be in the report. Mr. Bonniwell stated that is a separate letter <br /> 39 which is not typically included in the report of items which he felt might be of interest to the <br /> 0 Council. He added this is a standard practice. <br /> 41 <br />