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ARDEN HILLS CITY COUNCIL – JUNE 12, 2023 4 <br /> <br />4. PUBLIC PRESENTATIONS <br /> <br />A. 2022 Financial Statements <br /> <br />Aaron Nielsen, MMKR, reviewed the 2022 financial statements with the Council and offered the <br />City a clean or unmodified opinion on the 2022 audit. He provided a summary on the City’s <br />governmental funds, enterprise funds and fund balances. He commended the City for its stable <br />and strong financial position and asked for comments or questions on the 2022 audit. <br /> <br />Mayor Grant stated it was not unusual for a City the size of Arden Hills to have a notation within <br />the audit regarding the segregation of duties. He commented on the City’s fund balance policy, <br />noting the City carried a balance of 50%. <br /> <br />Councilmember Fabel commented on the City’s expense for public safety stating this was the <br />City’s largest expense. He asked if staff had any comparison information on how Arden Hills <br />compares to other cities of like size when it comes to public safety expenditures on an absolute <br />and per capita basis. <br /> <br />Mr. Nielsen explained the management report summarizes public safety expenditures state-wide <br />on a per capita basis. He reviewed this information in further detail with the Council. <br /> <br />Mayor Grant thanked Mr. Nielsen for his presentation on the audit. <br /> <br />6. APPROVAL OF MINUTES <br /> <br />A. May 15 , 2023, City Council Work Session <br />B. May 22 , 2023, Regular City Council <br /> <br />Mayor Grant reported he spoke with staff about having a comment included in the May 15 <br />worksession minutes. <br /> <br />Councilmember Holden noted she discussed minor corrections to the May 22 Council minutes <br />with the City Clerk. <br /> <br />Councilmember Monson explained she spoke with staff regarding a minor change to the May 15 <br />worksession minutes. <br /> <br />MOTION: Councilmember Holden moved and Councilmember Monson seconded a <br />motion to approve the May 15, 2023, City Council Work Session meeting <br />minutes as amended; and the May 22, 2023, Regular City Council meeting <br />minutes as amended. The motion carried (5-0). <br /> <br />7. CONSENT CALENDAR <br /> <br />A. Motion to Approve Consent Agenda Item - Claims and Payroll <br />B. Motion To Approve 2022 City Financial Statements And Audit