HomeMy WebLinkAbout2011 06-06 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
JOINT WORK SESSION WITH FINANCIAL COMMISSION
JUNE 6, 2011
CITY HALL - COUNCIL CHAMBERS
CALL TO ORDER
The Brooklyn Center City Council met in Joint Work Session with the Financial Commission and
the session was called to order by Mayor Tim Willson at 6:32 p.m.
ROLL CALL
Mayor Tim Willson and Councilmembers Carol Kleven, Kay Lasman, and Dan Ryan.
Councilmember Tim Roche was absent and excused. Also present: City Manager Curt Boganey,
Fiscal and Support Services Director Dan Jordet, and Deputy City Clerk Maria Rosenbaum.
Others present were Financial Commissioners Steve Landis. Financial Commissioner Rex
Newman arrived at 6:34 p.m., Dan Schueller arrived at 6:40 p.m., and Koffi Agbossou arrived at
6:45 p.m.
A motion by Councilmember Lasman, seconded by Councilmember Ryan to approve this evening's
agenda. Motion passed unanimously.
AUDITOR REPORT AND MANAGEMENT LETTER
Malloy, Montague, Karnowski, Radosovich, & Company, P.A. had been selected for the City's
Auditing Firm and Jim Eicthen was introduced to review the City's Management Report and Special
Purpose Audit Reports.
Mr. Eichten outlined the auditor's role and informed there were no findings involving the City's
internal control over financial reporting. This is exceptional and tends to not always be the result
with a City that has Federal Awards. Staff should be commended for their work on the outcome of
this clean opinion.
Mr. Eichten informed that the two internal control findings from last year, Preparation of Adjusting
Journal Entry and Lack of Management Approval for Payroll, have been eliminated.
Mr. Eichten discussed and informed that pages four through nineteen of the Management Report
were financial results and pointed out benchmarks for Legislation, Property Taxes, Taxable Market
Values, Local Tax Capacity, Governmental Funds Revenue per Capita, General Fund Financial
Position, General Fund Revenues, General Fund Revenue by Source, General Fund Expenditures,
General Fund Expenditures by Function, Utility Funds, Enterprise Funds, Statement of Net Assets,
and the change in Net Assests.
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Fiscal and Support Services Dan Jordet informed the information provided with the 2010
Comprehensive Annual Financial Report (CAFR) for the year ended December 31, 2010, was
available for discussion; however, he would like to discuss the following this evening.
First, he wished to commend staff for the clean opinion, clearance of last year's findings, and the
lack of findings for 2010. Those to be recognized and credited are Sue Fogal, Nancy Cary, and Clara
Hilger, Steve Lillehaug, Tom Agnes, Tom Bublitz, and Bruce Ballanger.
There was discussion of the Golf Course Fund and what can be done structurally. This will be a
topic discussed by staff to look at recommendations on how to proceed with this fund.
The MSA Fund has been partially repaid by the State of Minnesota and the payment is not seen in
the materials previously provided in the CAFR.
There was discussion regarding pages 61 -63 in the CAFR and it was noted that the tax increment
bonds are healthy and the utility revenue bonds did not change, making 2011 in good shape.
ADJOURNMENT
Councilmember Lasman moved and Councilmember Ryan seconded to adjourn the Work Session at
7:32 p.m. Motion passed unanimously.
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STATE OF MINNESOTA)
COUNTY OF HENNEPIN) ss. Certification of Minutes
CITY OF BROOKLYN CENTER)
The undersigned, being the duly qualified and appointed City Clerk of the City of Brooklyn
Center, Minnesota, certifies:
1. That attached hereto is a full, true, and complete transcript of the minutes of the of the
City Council of the City of Brooklyn Center Joint Work Session with Financial
Commission held on June 6, 2011.
2. That said meeting was held pursuant to due call and notice thereof and was duly held at
Brooklyn Center City Hall.
3. That the City Council adopted said minutes at its June 13, 2011, Regular Session.
JL)IPM r `
City Clerk Mayor
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