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. <br /> S MINUTES OF THE <br /> ORONO CITY COUNCIL MEETING <br /> Tuesday,June 10,2013 <br /> 7:00 o'clock p.m. <br /> (4. 2012 COMPREHENSIVE ANNUAL FINANCIAL REPORT, Continued) <br /> The City of Orono received the GFOA certificate of achievement for excellence in financial reporting in <br /> 2011. Hoogeveen noted Orono tends to have a lot more historical information in their reports and the <br /> certificate is a testament to the City's goal to be comprehensive in their financial reporting. <br /> McMillan asked what fund balance percentage is desirable for the City. <br /> Hoogeveen stated a good starting point is the 50 percent range due to the timing of the City's tax receipts, <br /> but that there are good reasons to have it somewhat higher. Hoogeveen commented it typically comes <br /> down to the timing of ta�c receipts. Orono historically has had good fund balances and excellent control <br /> over expenditures. <br /> The City Council took no formal action on this item. <br /> 5. TOUR DE TONKA <br /> Tim Litfin, Minnetonka Community Education, stated he is here tonight to present some information on <br /> the 2012 Tour de Tonka as well as provide an update on the 2013 Tour de Tonka that is scheduled for <br /> Saturday, August 3. Liftin noted 2013 marks the eighth year for this event. <br /> The event starts and stops at the Westonka High School, with all the contestants leaving the high school at <br /> 7:30 a.m. The event has grown by 314 percent over the past seven years and riders range from 5-years- <br /> old to 83-years-old. The Tour de Tonka has riders from 212 different communities from 24 states. The <br /> largest number of riders came from Minnetonka,Minneapolis, Chanhassen, and Plymouth. There were a <br /> total of 487 volunteers in 2012,with 330 different rest stops being manned. Li�n noted the various local <br /> police and fire departments are instrumental in the success of the Tour de Tonka. <br /> For 2013, a 51-mile route has been added, but the event will also include 16, 26, 43, 77, and 100 mile <br /> options. The Tour de Tonka encompasses 22 different communities. <br /> Litfin played a video of highlights from past Tour de Tonka events. <br /> McMillan asked as the riders are coming out of Wayzata into Orono whether they would be traveling on <br /> County Road 15 or riding on the trail. <br /> Litfin indicated the riders will have a choice but that the majority of them elect to take the trail. <br /> The City Council took no formal action on this item. <br /> PLANNING COMMISSION COMMENTS—KEVIN LANDGRAVER,REPRESENTATIVE <br /> Landgraver reported the Planning Commission received some feedback at their last work session from <br /> Mike Gaffron on the comments from the City Council regarding the accessory uses and structures <br /> ordinance. The Planning Commission will be looking at alternative energy structures at the Council's <br /> request. <br /> Page 3 of 32 <br />