HomeMy WebLinkAbout2002 06-17 CCM Joint Work Session with Financial Commission MINUTES OF THE PROCEEDINGS OF THE CITY COUNCIL
OF THE CITY OF BROOKLYN CENTER IN THE COUNTY
OF HENNEPIN AND THE STATE OF MINNESOTA
GENERAL WORK SESSION
MEETING WITH FINANCIAL COMMISSION
JUNE 17, 2002
PHILIP Q. COHEN ROOM — COMMUNITY CENTER
CALL TO ORDER
The Brooklyn Center City Council met for a general work session with the Financial Commission at
the Brooklyn Center Community Center in the Philip Q. Cohen Room and was called to order by
Mayor Myrna Kragness at 6:00 p.m.
ROLL CALL
Mayor Myrna Kragness, Councilmembers Kay Lasman and Bob Peppe. Tim Ricker arrived at 6:15
p.m. Councilmember Nelson was absent. Also present: City Manager Michael McCauley, Assistant
City Manager Jane Chambers, Fiscal and Support Services Director Doug Sell, and Deputy City
Clerk Maria Rosenbaum.
Others present were Financial Commission Chair Donn Escher, Financial Commissioners Jay
Hruska, Timothy Elftmann, Gavin Wilkinson, Jerald Blamey, Mark Nemec, Lawrence Peterson, and
Deloitte & Touche Auditor Clifford Hoffman.
DISCUSSION OF 2000 FINANCIAL AUDIT
Auditor Clifford Hoffman presented selected financial information regarding the City's
Comprehensive Annual Financial Report (CAFR) for the year ended December 31, 2001, on
operating fund status, productivity measures, enterprise funds with operating income (loss), selected
performance indicators, performance definitions, utility enterprise fund comparisons, general fund
revenues and expenditures, unreserved undesignated general fund balance compared to annual
expenditures, debt service schedule, and the competitive advantages and challenges that the City
faces. Mr. Hoffinan discussed the audit includes 3 reports, the CAFR, an independent auditors'
report on compliance and on internal control over financial reporting based upon the audit performed
in accordance with government auditing standards, and a management letter.
Mr. Hoffman indicated that the City is in a good financial state.
He discussed that it was recommended in the Management Letter from Deloitte & Touche that the
City should require LOGIS to obtain a Statement on Auditing Standards (SAS 70) Report during the
calendar year 2002 and annually thereafter.
06/17/02 -1-
I
LOGIS has not been examined independently under the provisions of the SAS 70 for the last five
years.
GENERAL DISCUSSION OF 2003 BUDGET PROCESS
City Manager Michael McCauley discussed that the uncertainties of the Legislature and the unknown
State Aids have hindered the 2003 budget process. He provided a brief overview of the preliminary
budget discussion that had several notable increases along with the priorities for expenditures in
2002 and informed the Council that levy limits are in place for 2003. The City will not receive the
calculation of its levy limit until the end of July; at the earliest, according to the State Revenue
Department.
Mr. McCauley discussed that with the cost of rental housing regulations escalating he would
recommend a review of the rental housing fees based on these increased costs and a corresponding
increase in rental licensing ees. Councilmember Pe e indicated that he would like to see a system
g pp Y
created that would work with the rental managers motivating them to do a better job with the rental
properties.
Mr. McCauley informed the Council that staff would continue to prepare a preliminary budget for
the Council's review, that the budget will need to be consolidated, and that a review will be focused
on the Engineering Department to determine what is the appropriate configuration and organization
for this department.
MISCELLANEOUS
Todd Paulson, Metropolitan Council Representative, addressed the Council to update them that the
location of the current Transit Hub is being planned under a different name and a location has been
determined. The Transit Oriented Site is being considered at the corner of Shingle Creek Parkway
and Bass Lake Road. This site is believed to be the best potential for reinvesting in the area and the
best land use site for this type of establishment. Plans will be brought forward sometime in July.
Mr. Paulson informed the Council that the Metropolitan Council continues discussions of the
Northwest Corridor Bus Way that will run from Rogers to Downtown Minneapolis.
ADJOURNMENT
A motion by Councilmember Lasman, seconded by Councilmember Peppe to adjourn the meeting at
8:15 p.m. Motion passed unanimously.
J "/A J M5& Aln� 4"
City Clerk � Mayor 4
06/17/02 -2-