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14; ityof <br /> I,NEWTTiON <br /> the city that works for you <br /> Council Worksession <br /> May 24, 2011 <br /> 5:30 pm <br /> Present: Mayor Jacobsen, <br /> Councilmember Phillips <br /> Councilmember Samuelson <br /> Councilmember Bauman <br /> Councilmember Burg <br /> Absent: <br /> Staff in attendance: <br /> Assistant to the City Manager Schawn Johnson <br /> Finance Director Dan Maiers <br /> Ramsey County Commissioner Jan Parker updated the Council on the County's <br /> 2012 budget goals and the proposed Vikings Stadium at the TCAAP site in Arden <br /> Hills. Commissioner Parker also discussed the upcoming joint library project <br /> with the City of New Brighton. Commissioner Parker also asked members of the <br /> City Council to consider supporting the proposed Arden Hills stadium by <br /> adopting a resolution. <br /> Members of the Council interviewed Mr. Geoff Holimon and Mr. Greg Meyers <br /> for two vacancies on the City's advisory commission. <br /> Finance Director Dan Maiers and representatives from the auditing firm Kern, <br /> Dewenter, Viere (KDV) LTD. provided the City Council with an overview of the <br /> City's 2010 audit report. The City Auditor provided the City Council with a very <br /> favorable report. Financial highlights included information indicating that the <br /> City's debt was lowered by over$4,000,000 dollars in 2010, liquidity increased <br /> and the City's net assets improved favorably, and the general fund ended with a <br /> fund balance surplus of$168,000. <br /> The meeting began at 5:15 pm. <br /> The meeting adjourned at 6:30 pm. <br />