06-24-2013 Council Packet - Laserfiche WebLink

Home Browse Search

MINUTES OF THE ORONO CITY COUNCIL MEETING Tuesday, June 10, 2013 7:00 o’clock p.m. _____________________________________________________________________________________ Page 1 of 32 ROLL CALL The Orono City Council met on the above-mentioned date with the following members present: Mayor Lili Tod McMillan, Council Members Cynthia Bremer, Aaron Printup, and Lizz Levang. Representing Staff were City Administrator Jessica Loftus, Assistant City Administrator for Long-Term Strategic Planning Michael Gaffron, Planning Coordinator Melanie Curtis, Finance Director Ron Olson, Public Works Director/City Engineer Jesse Struve, and Recorder Jackie Young. Mayor McMillan called the meeting to order at 7:00 o’clock p.m., followed by the Pledge of Allegiance. APPROVAL OF AGENDA Item Nos. 10, 11, 12, 13 and 14 were added to the Consent Agenda. Levang moved, Printup seconded, to approve the Consent Agenda as amended. VOTE: Ayes 4, Nays 0. APPROVAL OF MINUTES *2. CITY COUNCIL WORK SESSION OF MAY 28, 2013 Levang moved, Printup seconded, to approve the minutes of the Orono City Council work session of May 28, 2013, as submitted. VOTE: Ayes 4, Nays 0. *3. REGULAR CITY COUNCIL MEETING OF MAY 28, 2013 Levang moved, Printup seconded, to approve the minutes of the Orono City Council meeting of May 28, 2013, as submitted. VOTE: Ayes 4, Nays 0. PRESENTATIONS 4. 2012 COMPREHENSIVE ANNUAL FINANCIAL REPORT Dennis Hoogeveen and Michelle Hoffman, Clifton, Larson, Allen, were present. Hoogeveen noted the audit recently done of the City’s finances provides reasonable but not absolute assurance regarding the accuracy of the financial statements. The audit included the implementation of GASB 62 and 63, which were adopted in 2012 but had minimal impact on the audit for this year. The audit also included the use of significant accounting estimates for useful life of assets, valuation of investment, and post-employment benefits. Hoogeveen noted that they did receive the full support of management during the audit and that the City has been issued a clean or unqualified opinion on the financial statements. As a result of the City needing to follow the government audit controls, a report on internal controls must be issued, and in that regard two exceptions were noted, which are the same two that have been reported in the past and are quite common in smaller cities. Hoogeveen commented the City overall does a good job of monitoring and modifying their internal controls when necessary. As it relates to the Minnesota legal compliance regulations, the City had no exceptions noted for 2012. Item #02 - CC Agenda 06/24/2013 Approval of Council Minutes 06/10/2013 [Page 1 of 32]