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^•V. V i ...-V’.--■‘ •T.i>i' *■ <br />'.ft <br />:.-Jr. <br />I <br />h- <br />I <br />iI?-r ■ 4: <br />r ■.-. <br />|;t <br />Ifs^^ <br />f ft <br />% <br />Iff; <br />I li­ <br />fe}!' <br />- •I <br />>■ ■ •■■ <br />I <br />i'n;. .. <br />m^'■'a : <br />'A- <br />i|S%: <br />■- <br />I*- <br />I & <br />fc'|'i;lpt <br />A <br />I <br />To thf City Council Mid Citizens of the City of OronoluMl. 1992 <br />H m City’f third year in the recycling program retulted in a 23% diversion of tonnage from iandfilli, well <br />Ami of th^ 16% mandate for 1992. with it participation rate well above S0%. <br />TTfo City purchased property north of Highway 12 on Wd Crystal Bay Road for the new City facilities <br />Hi pni$Gt includes a public works garage, City Council Chambers. Administrative Building, and i <br />Mice Building. <br />TiMra has bem widespread support in the community for new facilities for a number of years. After <br />dfolrfoulkM of a uawsletter to inform ail residems about the need for and costs of the facilities, a public <br />hantag was held in August of 1991 to receive public comments concerning the project. Approaimately <br />90 fiaiiaali aRtnded. Although there was nearly unanimous support for the facilities, there were <br />COMOMM expresSid regarding the size and cost of the project. Based on the results of the public hearing. <br />A m Cky Council decided to move ahead with the project. <br />The fSKUhies project is being financed through a lease/purchase agreement with the City HRA. This <br />affangemenf wu selected in order to expedite the project to take advantage of the favorable bond market. <br />fheFlrii CoiBunitsion moved aheMi with initial efforts to implement a master plan for a community-wide <br />blht/bike trail system. <br />Tht City continued iu D.A.R.E program in the elementary schcxtls with the foil support and cooperation <br />of the school district. <br />He City initiated its own water system in the Highway 12 area which will eventually supplement a <br />eaMract airaiigeiaeot from Long Lake plus provide for greater development in the Highway 12 corridor. <br />The wtfl and pumphouse were complet<»l in 1991. The water tower is scheduled to be completed in <br />1992. <br />He <br />financial Infoumation <br />Rt of die CHy is responsible for ^tablishing and maintaining a system of uuwnal <br />control. Internal eccouiuing controls are designed to provide reasonable, but not absolute. <br />Vivardi^ the safcfuardi^ of assets against loss from unauthorized use or dispositioo. and dw <br />idUdMiily of fbuMCial raoortB for preparing financial statemems in conformity with generally accepted <br />gPHIIlHAil prtnciplM and mainiiMng acccmntabiiity fw assets. Tnc concept (tf bcncfks Iftely to he <br />iirteii, and dm autetion of ooets md benefits requires cstimaics and judgements by managsmint. All <br />hMHil connol af^loationa occih ’ within this framework for the purpose of adcquatdy safofuarding aaaeis <br />Ml providing raMondble aisurance in the jmiper recording of finwiciad transactiom. <br />He City <br />1'^' <br />^etary ctmtrols to aid in compliance with the amiud budget as adopted by the City <br />______________^Jtary hnefratiun is employed as a management omirol device durtag the yeer for <br />(Bt ChMnl Fund and %NKial Rev enue Fimds Budgetary comrol for Debt Service Funds Is achievad <br />AB miB Bnnaral ohllgliion bond provisions BudgMary auurc^ for Capaal Frojcct Funds is accompifahed <br />lilMglim m of pfojict controls <br />c -'A j • ' <br />J <br />-i <br />;s <br />'ii <br />iC