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July 25, 2017 Page 2 of 4 <br />None. <br /> <br />Consent Agenda <br />1. Consider Approval of Payments of Electronic Funds Transfer (EFT) 2091 - 2103 & Vouchers <br />154094 to 154183 for a total of $882,998.64. <br /> <br />2. Consideration of a Resolution approving a Site Plan amendment for Big Blue Box <br />located at the unaddressed parcel immediately east of 587 1st Street SW. <br /> <br />3. Consideration of Amendment to On Sale Liquor License for New Brighton Eagles <br />#3718. <br /> <br />4. Consideration of Request for Exemption from Lawful Gambling License – New <br />Brighton Eagles Auxiliary #3718. <br /> <br />5. Consider approval of Updated Data Policies. <br /> <br /> <br />Motion by Councilmember Jacobsen, seconded by Councilmember Burg to approve the Consent <br />Agenda as presented. <br /> <br />5 Ayes, 0 Nays - Motion Carried <br /> <br />Public Hearing <br /> <br />None. <br /> <br />Council Business <br />1. Consideration of the 2nd Quarter 2017 Interim Financial Statements. <br /> <br />City Manager Lotter indicated Finance Director Davitt would be presenting this item to the Council. <br />Finance Director Davitt stated in an effort to keep the Council informed on the City’s fiscal <br />condition, a comparison of the 2017 revenues and expenditures for the period ending June <br />30th, 2017 was reviewed with the Council. Staff compared those programs and services that <br />constitute the City’s core functions for which changes in financial trends can have a near-term <br />impact on the ability to maintain current service levels. Programs such as debt service and tax <br />increment financing which are governed by pre-existing obligations and restricted revenues are <br />not shown. In addition, expenditures in the City’s Fleet and Non-Fleet programs are not shown <br />as these expenditures are specifically tied to pre-funded asset replacement funds. These <br />replacement funds are not susceptible to year-to-year fluctuations and therefore annual reviews <br />are considered sufficient. <br />Finance Director Davitt reported the information is presented strictly on a cash basis which <br />measures only the actual revenues that have been deposited and the actual expenditures that <br />have been paid. This is in contrast with the City’s audited year-end financial report which <br />attempts to measure revenues earned but not collected, as well as costs incurred but not yet <br />paid. <br />Finance Director Davitt explained it should be noted that many of the City’s revenue streams <br />such as property taxes, are non-recurring or are received intermittently throughout the year. <br />This can result in wide revenue fluctuations from month to month. In addition, some of the <br />City’s expenditures such as new capital purchases are also non-recurring and subject to wide <br />fluctuations. To accommodate these differences, a comparison is made to historical results to <br />identify whether any new trends exist. Staff reviewed the financials in further detail <br /> <br />Consent Agenda <br />1. Payments of Electronic <br />Funds Transfer (EFT) 2091 <br />- 2103 & Vouchers 154094 <br />to 154183. <br /> <br />2. Res. Site Plan <br />Amend Big Blue Box <br />immediately east of <br />587 1st Street SW. <br /> <br />3. Amend On Sale Liq. <br />Lic. New Brighton <br />Eagles #3718. <br /> <br />4. Exmpt. Lawful <br />Gambl License – New <br />Brighton Eagles <br />Auxiliary #3718. <br /> <br />5. Updated Data Policies. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />Public Hearing <br /> <br /> <br /> <br /> <br />Council Business <br />1. Consideration of the <br />2nd Quarter 2017 <br />Interim Financial <br />Statements. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />