HomeMy WebLinkAbout2001 06-18 CCM 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 18, 2001
CITY HALL - COUNCIL CHAMBERS
CALL TO ORDER
The Brooklyn Center City Council met for a general work session with the Financial Commission at
Brooklyn Center City Hall in Conference Room B and was called to order by Mayor Myrna
Kragness at 6:00 p.m.
ROLL CALL
Mayor Myrna Kragness, Councilmembers Kay Lasman, Ed Nelson, Bob Peppe, and Tim Ricker.
Also present: City Manager Michael J. McCauley, Assistant City Manager Jane Chambers, Fiscal
and Support Services Director Doug Sell, and Deputy City Clerk Maria Rosenbaum.
Others present were Financial Commissioners Jay Hruska, and Timothy Elftmann. Commissioner
Gavin Wilkinson arrived at 6:35 p.m.
Clifford Hoffman and Molly Manke from Deloitte & Touche LLP were present to present the 2000
Financial Audit.
DISCUSSION OF 1999 FINANCIAL AUDIT
Auditor Clifford Hoffman presented selected financial information regarding the City's
Comprehensive Annual Financial Report (CAFR) for the year ended December 31, 2000, 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 a summary of the practice ratings that the City received, and
the competitive advantages and challenges that the City faces. Mr. Hoffman discussed the audit
includes 3 reports, the statement of 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 content letter.
Council discussed a few of the items with Mr. Hoffman.
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Mr. Hoffman indicated that the City is in a good financial state and that the outcome of the year with
the City's staff being short one employee was handled extremely well.
Mr. Hoffman thanked the Council for their time and informed the Council that he will be at the City
Council meeting on June 25, 2001, to make a formal presentation to the City Council if they had no
questions. There were no more questions from the Council.
MISCELLANEOUS
Council discussed tax increment finance (TIF) Districts and the Twins Stadium issue.
Mayor Kragness informed the Council that she had heard that Dayton's had announced the news
about their eight million dollar renovation. Council discussed the TIF regarding Brookdale.
ADJOURNMENT
A motion by Councilmember Nelson, seconded by Councilmember Lasman to adjourn the meeting
at 7:47 p.m. Motion passed unanimously.
City Clerk May r
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