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City Council Regular Meeting Minutes <br />June 27, 2017 <br />Page 2 <br />1 V. REPORTS FROM COMMISSION AND STAFF - NONE. <br />2 <br />3 VI. GENERAL BUSINESS OF COUNCIL. <br />4 <br />5 A. Presentation of 2016 Audit. <br />6 <br />7 Ms. Peggy Moeller, representing Redpath, Ltd. presented a PowerPoint of the 2016 Audit <br />8 Review for the City of St. Anthony. The reports that were issued included the Comprehensive <br />9 Annual Financial Report, State Legal Compliance Report, Report on Internal Controls and <br />10 Communication with those Charged with Governance. For the Comprehensive Annual Financial <br />11 Report, Ms. Moeller noted the financial statements are the responsibility of management, the role <br />12 of the Independent Auditor is to report on the fair presentation of the financial statements and a <br />13 clean opinion was issued on the 2016 financial statements. <br />14 <br />15 Ms. Moeller reported the State Legal Compliance Report is required by Minnesota Statute 6.65. <br />16 The OSA audit guide covers seven categories including contracting and bidding, deposits and <br />17 investments, conflicts of interest, public indebtedness, claims and disbursements, other <br />18 miscellaneous provisions and tax increment provisions and there were no findings of <br />19 noncompliance. <br />20 <br />21 Ms. Moeller stated for the Report on Internal Control consideration of internal control as a basis <br />22 for designing audit procedures. No opinion was provided on internal control and there were no <br />23 findings for 2016. The financial results were reviewed including the General Fund, Water and <br />24 Sewer Enterprise Fund, the Liquor Fund, and HRA. <br />25 <br />26 Ms. Moeller reviewed the Communication with Those Charged with Governance required <br />27 communications indicated no change in accounting policies, no difficulties encountered in <br />28 performing the audit, and no disagreements with management. . <br />29 <br />30 Councilmember Stille asked about the desegregation of duties and City Manager Casey stated <br />31 some responsibilities and duties were shifted. Ms. Moeller stated enough changes were made that <br />32 it is no longer a significant deficiency. <br />33 <br />34 Mayor Faust noted Ms. Moeller works for the Council on the audit and not the Finance <br />35 Department. <br />36 <br />37 Motion by Councilmember Stille, seconded by Councilmember Brever, to accept the 2016 Audit <br />38 as presented. <br />39 <br />40 Motion carried 5 -0. <br />41 <br />42 VII. REPORTS FROM CITY MANAGER AND COUNCIL MEMBERS. <br />43 <br />44 City Manager Casey had no report. <br />I.1 <br />