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City Council Regular Meeting Minutes <br />June 8, 2010 <br />Page 2 <br />Motion carried unanimously, <br />IV. PUBLIC HEARING. <br />None. <br />V. REPORTS FROM COMMISSION AND STAFF. <br />9 None. <br />10 <br />11 VI. GENERAL BUSINESS OF COUNCIL. <br />12 <br />13 A. 2009 Auditor's Report. Peggy Moeller, Tautges Redpath presenting <br />14 (Report on Compliance with Minnesota Legal Compliance Audit Guide for Local <br />15 Government; Communication with Those Charged with Governance; Audit Management <br />16 Letter; Comprehensive Annual Financial Report.) <br />17 <br />18 Ms. Peggy Moeller, Tautges, Redpath, provided a presentation on the 2009 Auditor's Report. <br />19 Reports issued in the 2009 Auditor's Report include: 1) Comprehensive Annual Financial <br />20 Report; 2) Audit Management Letter; 3) Report on Internal Controls; 4) State Legal Compliance <br />21 Report; 5) Communication With Those Charged With Governance. <br />22 <br />23 Mayor Faust noted that the Internal Control Findings repeated in 2009 were related to personnel <br />24 and that these findings are quite common within many small organizations. The way to resolve <br />25 the findings would be to hire another employee for the department, but the cost would far <br />26 outweigh any potential savings. He pointed out that the General Fund balance increase of <br />27 approximately $85,000 is less than 2% of the $5 million operation, and that it would be difficult <br />28 to get much closer to zero/zero in these tumultuous times. He noted that the City receives its <br />29 distribution from the counties on or about December 15°i and June 15°' of each year and it is <br />30 important to have the necessary reserve fund balance to operate between these payments. The <br />31 reserve finds are invested with the League of Minnesota Cities to garner interest and are readily <br />32 available for city use. <br />33 <br />34 Councilmember Stille requested that moving forward, the Annual Liquor Operations Report <br />35 include information on the City's gross profit margin in relation to the State average. He verified <br />36 with Ms. Moeller that the City does not pay above statutory requirements in the area of post <br />37 employment benefits. <br />38 <br />39 Motion by Councilmember Gray, seconded by Councilmember Roth, to Accept the City of St. <br />40 Anthony 2009 Auditor's Report prepared by HLB Tautges Redpath, Ltd. <br />41 <br />42 Motion carried unanimously. <br />43 <br />44 B. City Engineer Update. Todd Hubmer, WSB & Associates and Stacie Kvilvang, Ehlers & <br />45 Associates, presenting_. <br />46 <br />2 <br />