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<br /> . , <br />Arden Hills Council 10 May 10, 1993 . <br />Councilmember Malone stated that currently the City's <br />residential water rate includes a quarterly standby fee, a <br />quarterly minimum fee, and a per gallon rate thereafter. He <br />suggested that the new rate structure incorporate a base <br />that fluctuates in correlation with supply costs, a fixed <br />component, and a variable component. <br />Staff was directed to prepare a recommendation as to a new <br />rate structure and report back to Council. <br />ANNUAL AUDIT REPORT AND MANAGEMENT LETTER <br />Gary Groen, representing the City's consulting auditing firm <br />of Abdo, Abdo and Eick, highlighted the City's 1992 Audit. <br />Council had been provided with the 1992 Audit Report and <br />Management Letter prepared by from Abdo, Abdo and Eick. <br />Groen drew attention to activity with regard to long term <br />debt for fire equipment and water tower funding, and <br />reviewed variances and transfers in and out of the General <br />Fund. He stated that the financial position of the General <br />Fund is up from 1991 and is adequate. With regard to the . <br />Capital Projects Fund, he stated that the balance under the <br />"Lexington Avenue" column is planned to be used for County <br />Road I road improvements. He explained activity within the <br />PIR fund. With regard to Enterprise Funds, he noted that <br />cash balances are significantly less than three or four <br />years ago, and are now at minimum levels. <br />Council asked for various clarifications and explanations <br />relative to specific funds; Groen explained. <br />Councilmember Hicks asked for clarification of the first <br />paragraph of Abdo, Abdo and Eick's April 7 , 1993 Management <br />Letter. Groen explained that the language within the first <br />paragraph is standard language indicating that City staff is <br />limited and the system of internal control would be stronger <br />if duties could be further segregated. <br />MOTION: Malone moved, seconded by Hicks, to accept the 1992 <br /> Audit Report prepared by Abdo, Abdo and Eick. Motion <br /> carried unanimously (4-0). <br />COUNCIL COMMENTS <br />ROADSIDE VENDORS <br />Councilmember Hicks reported that a roadside vendor was . <br />observed selling flowers within the City on Mothers' Day. <br />Administrator Person stated the vendor had received approval <br />J <br />