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April 27,2021 Page 3 of 8 <br /> Public Hearing Public Hearing <br /> None. <br /> Council Business Council Business <br /> 1. Consider Pt <br /> 1. Consider Pt Quarter 2021 Interim Financial Statements. Quarter 2021 Interim <br /> Financial Statements. <br /> City Manager Massopust indicated Interim Finance Director Smith would be presenting this item to the <br /> Council. <br /> Interim Finance Director Smith stated in an effort to keep the Council informed on the City's fiscal <br /> condition, a comparison of the 2021 revenues and expenditures for the period ending March <br /> 31, 2021 (unaudited)was discussed in detail. It was noted the comparison shown includes <br /> those programs and services that constitute the City's core functions for which changes in <br /> financial trends can have a near-term impact on the ability to maintain current service levels. <br /> Programs such as debt service and tax increment financing which are governed by pre-existing <br /> obligations and restricted revenues are not shown. The information is presented on a modified <br /> cash basis accounting method, which measures only the actual revenues that become available <br /> and measurable, and expenditures are recognized in the period the liability is incurred. It <br /> should be noted that many of the City's revenue streams such as property taxes are <br /> non-recurring or are received intermittently throughout the year. This can result in wide <br /> revenue fluctuations from month to month. In addition, some of the City's expenditures such <br /> as new capital purchases are also non-recurring and subject to wide fluctuations. To <br /> accommodate these differences, a comparison is made to historical results to identify whether <br /> any new trends exist. Staff commented further on the 1st Quarter financials and recommended <br /> approval. <br /> Mayor Niedfeldt-Thomas reported a variance of 10% of under was acceptable to the City. She <br /> requested further information regarding this matter. Interim Finance Director Smith reported <br /> 10%was a standard measure for variances in finance. She explained this variance amount was <br /> also acceptable to the City's auditor. <br /> Motion by Councihnember Abdulle,seconded by Councihnember Dunsworth to approve the 1 <br /> Quarter Interim Financial Statements. <br /> A roll call vote was taken. <br /> 5 Ayes,0 Nays-Motion Carried <br /> 2. Consider a Resolution Approving a Special Use Permit Amendment for Clearscape2.Cooviner a Resolution <br /> `�'t' g p Approving a Special Use <br /> Landscaping at 125& 175 Old Highway 8 SW. Pemrit Amendment for <br /> Clearscape Landscaping at <br /> City Manager Massopust indicated Assistant Director of Community Assets and Development Gozola would s&175 Old Highway 8 <br /> be presenting this item to the Council. <br /> Assistant Director of Community Assets and Development Gozola stated Clearscape Holdings LLC, the <br /> company operating On Time Landcare, is seeking to consolidate its various real estate <br /> locations throughout the metro into a central company headquarters located at 125/175 Old <br /> Highway 8. The new landscaping company would replace the existing landscaping company <br /> (D-Rock) on the subject site. This SUP amendment would make minor changes to the previous <br /> SUP approval in February. Staff reported the Planning Commission reviewed this item and <br /> recommended approval based on the findings of fact and listed conditions. <br /> Councilmember Abdulle requested what type of movements would be allowed from Old <br /> Highway 8. Assistant Director of Community Assets and Development Gozola explained cars from both <br /> directions could make a turning movement into this site.He explained staff could not speak to how this may <br />