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• • MINUTES OF THE PROCEEDINGS <br /> OF THE <br /> HUGO CITY COUNCIL <br /> SPECIAL MEETING . <br /> April 29, 1981 <br /> The meeting was called to order by Mayor LaValle at 7:10 P.M. <br /> PRESSENT: LaValle, McAllister, Irsfeld and Vail <br /> ABSENT: Schletty Schletty arrived at 7:20 PM <br /> Mayor LaValle called the special meeting to order to discuss the <br /> 1980 audit report by Anfinson and Hendrickson & Co. and also added <br /> to the agenda was the Armon System on Sunset Lake. <br /> Don Anfinson and Gary Groen representing the firm discussed with <br /> the City (buncil the financial position of-the different funds. <br /> Mr. Anfinson pointed out that the city had a carry over in the <br /> general account but suggested the council look into other ways <br /> of special levies. The capital improvement fund has been carried <br /> in the ledgers and Mr. Anfinson felt the council should review <br /> the account to.determine.°the °necessity of it. Resolution to <br /> be discussed at council meeting of May 4, 1981 . <br /> Local government Aid- should be a budget item in the future. <br /> R.E.C. (residential equivalent charges) should be tabulated on a yearly <br /> basis. . <br /> Expenses and: revenues should be looked at to determine future rate changes. <br /> Auditor suggested paying bills by invoice instead of statements to <br /> eliminate posAble duplications of payments. <br /> Council would like a monthly statement on securities pleded to the City <br /> byt the First State Bank of Hugo. <br /> City should pass Resolution if they are not going to levy the ad valorem <br /> for the general obligation. <br /> Councilman Irsfeld stated the type of financial statement he would like. <br /> Auditor would like to review the accounting system with the new procedures-. <br /> that have been established to eliminate year.,end problems. <br />