HomeMy WebLinkAbout1983.06.20 CC Minutes - Special meeting 53
MINUTES OF THE SPECIAL MEETING OF THE HUGO CITY COUNCIL
June 20, 1983
The meeting was called to order by Mayor McAllister at 5:27 PM.
PRESENT: McAllister, Schwab, Peltier
Also, Lu Prachar, Carole LaBelle, Ken Malloy, Don Anfinson
ABSENT: Atkinson, Vail
The auditors were present to discuss the 1982 audit with the Council.
Discussion only on the following:
1 . Transfer balance of revenue sharing funds to the general fund.
2. Transfer balance of Water Works Improvement Bonds into the Sanitary Sewer
Sinking Fund. A projected deficit of approximately $200,000 by the end
of the life of this fund
(NAIL ARRIVED AT 5:50 PM)
3. Consider refinancing of temporary 1981 bonds - due to expire 1984.
4. Follow guidelines of audit during budget process. Each fund revenue and
expenditure.
The auditors suggested implementation of a new accounting system that would eli-
minate potential errors of the bookkeeper, and help in the audit process. It
was the general concensus of the Council present that the city commit itsself to a
program of establishing a standard of accounting, and Anfinson, Hendrickson will
work with our treasurer to see that this system is ready to put in place in January,
1984.
5. Consider the transfer of money collected from the increase in sewer billing
to the sanitary sewer sinking fund to help offset deficit.
(ATKINSON ARRIVED AT 6:50 PM)
The auditors will meet with the bookkeeper sometime in the beginning of August to
set up a new budget process.
MOTION: Peltier made motion, Vail seconded, to adjourn the Special Meeting at 6:55 PM.
All aye. Motion Carried.
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Mary eager, Clerk /
City o Hugo