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r -I <br />1_._J <br />• <br />• <br />+ty Of Report Number <br />Agenda Section <br />the, city that works for you Council Meeting Date <br />REQUEST FOR COUNCIL CONSIDERATION <br />ITEM DESCRIPTION: Council Worksession Summary Report <br />DEPARTMENT HEAD'S APPROVAL: <br />CITY MANAGER'S APPROVAL: <br />No comments to supplement this report Comments attached <br />At the May 26, 2009 Worksession the Council <br />the following two topics. <br />09-140 <br />VI -3 <br />June 9, 2009 <br />1. Discussion of the 2008 Comprehensive Annual Financial Report and Management Letter with our <br />auditors, Kern DeWenter Viere (KDV)-Finance Director Dan Maiers introduced Steve Wischmann, <br />Partner with KDV and provided the City Council with an overview of the 2008 audit of the <br />City's accounting records and financial statements. The auditors issued the City an unqualified, <br />or clean, opinion that our financial statements are presented fairly in all material respects. <br />The following is a sum►nary of the financial results of our General Fund operations for the year ending <br />December 31, 2008: <br />Revenues <br />Expenditures <br />Net increase (decrease) <br />to fund balance <br />2008 Final <br />Amended <br />Budget <br />$12,848,070 <br />13,075,230 <br />r$zzz,1.60) <br />2008 <br />Actual <br />$13,025,688 <br />12,880,116 <br />$14.5,572. <br />2. Fleet and Non Fleet Discussion- Finance Director Dan Maiers provided the City Council with an <br />overview financial status update of the City's Fleet and Non -Fleet Replacement Programs. The funding <br />for this program remains inadequate to meet the City's future fleet and non -fleet equipment replacement <br />needs. The City Council directed the department director's to review the fleet and non -fleet replacement <br />schedules for their respective departments to determine if future purchases can be delayed. Department <br />Director's will report back to the City Council with recommended changes to their Fleet and Non -Fleet <br />requests at a future 2010 budget worksession. <br />C'.\Dmumunts and Settings\sjohns\Local Settings\I"emporary Internet Pi1cs\0LK8\May 26th City Council Worksession Recap Edits (2).doo <br />