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October 23, 2018 Page 2 of 4 <br /> Planning Commission Minutes from September 18, 2018. <br /> <br />Special Order of Business <br /> <br />None. <br /> <br />Consent Agenda <br />1. Consider Approval of Payments of Electronic Funds Transfer (EFT) 5257-5631, ACH <br />Payments 5258-5634 & Vouchers 156406-156469 for a total of $1,835,673.95. <br /> <br />2. Receipt of Donation from Antique Car Run. <br /> <br />3. Consider Approval of a Drainage and Utility Easement over Outlot A, New <br />Brighton Exchange 3rd Addition. <br /> <br />Motion by Councilmember Jacobsen, seconded by Councilmember Allen to approve the Consent <br />Agenda as presented. <br /> <br />Councilmember Jacobsen thanked the Antique Car Run for their generous donation to the City of New <br />Brighton. <br /> <br />4 Ayes, 0 Nays - Motion Carried <br /> <br />Public Hearing <br /> <br />None. <br /> <br />Council Business <br />1. Consider 3rd Quarter 2018 Interim Financial Statements. <br /> <br />City Manager Lotter indicated Finance Director Davitt would be presenting this item to the Council. <br />Finance Director Davitt reviewed the City’s 2018 revenues and expenditures for the period ending <br />September 30, 2018. A thorough summary on the General Fund and the City’s utility funds <br />was provided for the Council. It was noted the information is presented on a modified cash <br />basis accounting method, which measures only the actual revenues that become available and <br />measurable, and expenditures are recognized in the period the liability is incurred. It should be <br />noted that many of the City’s revenue streams such as property taxes, are non-recurring or are <br />received intermittently throughout the year. This can result in wide revenue fluctuations from <br />month to month. In addition, some of the City’s expenditures such as new capital purchases are <br />also non-recurring and subject to wide fluctuations. To accommodate these differences, a <br />comparison is made to historical results to identify whether any new trends exist. <br />Councilmember Jacobsen asked if there were any line items that were trending lower than <br />budgeted. Finance Director Davitt reported permits were trending lower than anticipated. <br /> <br />Motion by Councilmember Jacobsen, seconded by Councilmember Allen to accept the Third <br />Quarter 2018 Interim Financial Statements. <br /> <br />4 Ayes, 0 Nays-Motion Carried <br /> <br /> <br /> <br /> <br /> <br /> <br />Special Order of <br />Business <br /> <br /> <br /> <br />Consent Agenda <br />1. Pay. of EFT 5257-5631, <br />ACH Pay. 5258-5634 & <br />Vouchers 156406-156469. <br /> <br />2. Donation from <br />Antique Car Run. <br /> <br />3. Drainage and Utility <br />Easement over Outlot <br />A, NBE 3rd Addition. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />Public Hearing <br /> <br /> <br /> <br /> <br />Council Business <br />1. Consider 3rd Quarter <br />2018 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 /> <br />