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<br />. <br /> <br />. <br /> <br />. <br /> <br />Arden Hil1s Council <br /> <br />May 10,1993 <br /> <br />10 <br /> <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 /> <br />staff was directed to prepare a recommendation as to a new <br />rate structure and report back to Council. <br /> <br />ANNJJAIc_l'.1W_I_'LR~1'OR.1'.hND MANAGEMENT LETTER <br /> <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 /> <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 />"Lexingt.on Avenue" column is planned to be used for County <br />Road I road improvement.s. He explained act.ivity wit.hin the <br />PIR fund. with regard to Ent.erprise Funds, he noted t.hat. <br />cash balances are significant.ly less t.han three or four <br />years ago, and are now at minimum levels. <br /> <br />Council asked for various clarificat.ions and explanations <br />relat.ive to specific funds; Groen explained. <br /> <br />Councilmember Hicks asked for clarificat.ion of t.he first. <br />paragraph of Abdo, Abdo and Eick's April 7, 1993 Management. <br />Let.ter. Groen explained that the language wit.hin t.he first. <br />paragraph is st.andard language indicat.ing that Cit.y st.aff is <br />limited and t.he syst.em of int.ernal control would be st.ronger <br />if duties could be furt.her segregat.ed. <br /> <br />MOTION: <br /> <br />MaIone moved, seconded by Hicks, t.o accept. t.he 1992 <br />Audit. Report prepared by Abdo, Abdo and Eick. Mot.ion <br />carried unanimously (4-0). <br /> <br />COUNCIL COMMENTS <br /> <br />j\OADSIDE VENDOR9. <br /> <br />Councilmember Hicks reported t.hat. a roadside vendor was <br />observed selling flowers wit.hin t.he Cit.y on Mothers' Day. <br />Administ.rat.or Person st.at.ed the vendor had received approval <br />