Laserfiche WebLink
ORONO CITY C <br />Monday, A <br />• 7:00 o' <br />ROLL <br />The Council met on the above mentioned date w <br />Peterson; Council members Bob Sansevere, Jim <br />Barrett; Representing staff were, City Administr <br />Planners Janice Gundlach and Melanie Curtis, P <br />Kellogg and Recorder Kristi Anderson. <br />Council member Jim Murphy was absent. <br />Mayor Peterson called the meeting to order at 7 <br />CONSENT AGENDA <br />1. Approve /Amend <br />Items 4, 6, 8, 13, 14, 15, 16, 17, 19 and 20 were <br />White moved, Sansevere seconded, to approve <br />4, Nays 0. <br />• APPROVAL OF MINUTES <br />2. Regular Council Meeting of August 8, <br />OF THE <br />INCIL MEETING <br />xst 22, 2005 <br />ck p.m. <br />the following members present: Mayor Barbara <br />cite, and Lili McMillan; City Attorney Thomas <br />- Ron Moorse, Planning Director Mike Gaffron, <br />is Service Director Greg Gappa, Engineer Tom <br />P.M, followed by the Pledge of Allegiance. <br />to the Consent Agenda. <br />Consent Agenda as amended. Vote: Ayes <br />White moved, Sansevere seconded, to approve'the Minutes of August 8, 2005, as submitted. <br />VOTE: Ayes 4, Nays 0. <br />PRESENTATION <br />3. 2004 Comprehensive Annual Financial Report — Ken Malloy <br />Ken Malloy, of the City's auditing firm, presented the management report and audit summary from <br />the annual report for the City. Malloy noted that, with regard to internal controls and compliances, <br />there were no notable issues. He pointed out that the structure of the statements had changed due to <br />the GASB requirements. While LGA and State hinds have been cut substantially over the past few <br />years, Malloy pointed out that the growth in the market values for homes in Orono is higher than <br />state averages; thus revenues from property taxes is higher due to the values. By contrast, Orono <br />has a low property tax rate of merely 17 %, as compared to the 40% statewide average. While <br />public safety expenses are higher due to the shared service agreements; Malloy noted that the cash <br />and fund balances are about even. He mentioned that the golf course cash balance and net asset <br />balance continues to decline and recommended the City keep an eye on this fund. <br />White asked how the $400 per capita for shared public safety services compared to other cities. <br />Malloy stated that the communities that provide joint or shared services naturally have a higher per <br />• capita rate, since the services are covering additional cities. <br />PAGE 1 of 9 <br />