HomeMy WebLinkAbout2014 06-03 CCM Joint Work Session 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 3, 2014
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 6:30 p.m.
ROLL CALL
Mayor Tim Willson and Councilmembers Carol Kleven, Kris Lawrence-Anderson, Lin
Myszkowski, and Dan Ryan. Also present: City Manager Curt Boganey, Finance Director Nate
Reinhardt, Assistant City Manager/Director Building and Community Standards (BCS) Vickie
Schleunin g, Deputy Y and De ut City Clerk Maria Rosenbaum.
Others present were Financial Commissioners Teneshia Kragness, Rex Newman, and Dan
Schueller.
Councilmember Ryan moved and Councilmember Myskowski seconded to approve this
evening's agenda. Motion passed unanimously.
AUDITOR REPORT AND MANAGEMENT LETTER
James Eichten, CPA, partner with Malloy, Montague, Karnowski, Radosovich, & Company
(MMKR), the City's Auditing Firm, was introduced to review the City's Audit Report and
Management Letter.
Mr. Eichten outlined the auditor's role and outlined the Audit Opinions and Findings which
included the following:
Financial Report—Unmodified or Clean Opinion
•
Internal Controls O ver Fin ancial Reporting n —No Findings s
• Single Audit of Federal Awards—No Findings
• Legal Compliance Audit Findings — Withholding Affidavit and Timely Payment of
Invoices
Mr. Eichten reviewed the Management Report prepared by MMKR and pointed out highlights
relating to the Audit Summary and Governmental Funds Overview along with information on
Taxable Market Value, Tax Rates, Governmental Funds Expenditures per Capita, Governmental
Funds Expenditures per Capita, Governmental Funds Change in Fund Balance, General Fund
Financial Position, General Fund Revenue by Source, General Fund Expenditures by Function,
Enterprise Funds Change in Financial Position, Water Fund, Earle Brown Heritage Center Fund,
06/03/14 -1-
and Golf Course Fund. He also recapped that the City had received a clean opinion on financial
statements; single audit of Federal Awards, two legal compliance findings reported, improving
overall financial condition in the City's General Fund; and recommended an ongoing assessment
of financial projections and results including General Fund and Enterprise Fund activities.
Finance Director Reinhardt reviewed the 2013 Financial Highlights in each of the following
sections: General Fund, General Fund Revenues, General Fund Expenditures, Enterprise Funds,
Utility Funds, and other miscellaneous items.
City Manager Boganey and Finance Director Reinhardt responded to questions and statements
from Council Members and Commissioners.
MISCELLANEOUS
There was discussion regarding the principal property taxpayers in the City of Brooklyn Center
and it was noted that the PH Minneapolis, LLC is the FBI Building.
ADJOURNMENT
Councilmember Lawrence-Anderson moved and Councilmember Myszkowski seconded to
adjourn the Work Session at 7:46 p.m. Motion passed unanimously.
06/03/14 -2-
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 3, 2014.
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 23, 2014,Regular Session.
City Clerk qXor Pfb r',,�
06/03/14 -3-