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<br /> <br />Meeting held remotely pursuant to MN Statute Sec. 13D.021. <br />ZOOM Meeting ID # 841 1131 4644 <br /> <br />Acting Mayor Petryk called the meeting to order at 7:00 p.m. <br /> <br />COUNCIL PRESENT REMOTELY: Haas, Miron, Petryk <br />COUNCIL ABSENT: Klein, Weidt <br />OTHERS PRESENT REMOTELY: City Attorney Dave Snyder, City Engineer Mark Erichson, <br />Community Development Director Rachel Juba, Finance Director Ron Otkin, Planner Kendra <br />Lindahl <br />PRESENT AT CITY HALL: City Administrator Bryan Bear, City Clerk Michele Lindau <br /> <br />Approval of Minutes for the July 6, 2020 City Council Meeting <br /> <br />Miron made motion, Haas seconded, to approve the minutes for the City Council meeting held <br />on July 6, 2020, as presented. <br /> <br />Roll call vote – all ayes. Motion carried. <br /> <br />Approval of Agenda <br /> <br />Petryk made motion, Haas seconded, to approve the agenda as presented. <br /> <br />Roll call vote – all ayes. Motion carried. <br /> <br />Presentation of 2019 Audit Report – Jason Miller, Smith Schafer & Associates <br /> <br />Jason Miller from the independent accounting firm of Smith Schafer & Associates presented to <br />the Council a recap of the audit of City finances for the 2019 fiscal year. He talked about how <br />they came about their opinion on the financial statement and the procedures they perform in an <br />audit. They issued an unmodified opinion, which is the highest given, meaning they didn’t find <br />any misstatements. There are seven areas they test and found one minor exception in the legal <br />requirement regarding outstanding checks that will need to be reported to the state. Miller <br />reviewed governmental fund revenues stating most revenue comes from property taxes. He next <br />reviewed governmental fund expenditures stating general government, public safety, and <br />highways and street expenditures make up almost 90% of expenditures. He reviewed general <br />fund reserves saying it has been the City’s policy to reserve 50% of the following year’s <br />budgeted expenditures, and the City has exceeded that. He highlighted the importance of having <br />those reserves. He talked about debt service requirements stating there was one more year of <br />large debt payments, and then it dropped significantly. Capital projects expenditures included <br />major projects such as Adelaide Landing Park, electronic equipment upgrades in City Hall, <br />purchase of an aerial truck and plow truck, and street projects including 130th Street. He provided <br />information on enterprise funds that showed positive income. He summarized by saying the <br />information is on the website and a summary of the financial information was published in the <br />City’s official newspaper. Miller and the Council thanked staff for their work. <br /> <br />Minutes <br /> <br />HUGO CITY COUNCIL MEETING <br />REMOTE MEETING <br /> <br />MONDAY, JULY 20, 2020 – 7 P.M.