2016.05.24 WS Minutes - Laserfiche WebLink

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city of [ .]ice 11.J1 lrl��i 'k the cit.%Y, that works hor you Council Worksession May 24, 2016 5:00 pin Present: Mayor Valerie Johnson Councihnember Gina Balnnan Councilmember Brian Strub Councilmember Paul Jacobsen Councilmember Mary Burg Absent: Staff in Attendance: Dean Lotter, Brenda Davitt Guests in Attendance: Steve Wischmann, BerganKDV 2015 Annual Financial Report Presentation Lotter stated the Council would be reviewing the 2015 audit this evening. Steve Wischmann, BerganKDV, reviewed the 2015 Annual Financial Audit results in detail with the City Council. He was pleased to report the City received an unqualified opinion for the 2015 audit, which was the highest opinion offered. He discussed the changes that have been made in the audit world and commented on his responsibilities as the City's auditor. The City's internal controls, fund balances and outstanding debt levels were reviewed. He encouraged the City to remain diligent on its PERA contributions. He thanked City staff for being well prepared for the audit and commended the City on their fine financial standing. Discussion ensued regarding the Fire Relief and PERA Fund Balances. Councilmember Bauman commented on a retirement fund alternative to PERA. Councihnember Strub questioned if a PERA representative could provide the Council with update on the health of the City's fund. Lotter believed staff could arrange for this type of presentation with PERA. Councilmember Strub believed it would benefit the Council to have a discussion on retirement fund alternatives. Davitt provided the Council with a rnerno frorn staff and a brief presentation on the golf course, and fleet/non- fleet funds. Councilmember Burg thanked staff for the thorough report. Discuss Council Engagement Opportunity Lotter asked if the Council wanted to discuss potential opportunities for community engagement. He understood the Council was interested in holding two neighborhood meetings in 2017 along with an Open House. He believed that the Council was also interested in holding a neighborhood meeting in Vermont Park in August. The last item would be for the Council to hold an offsite meeting at lrondale High School.