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