CCP 07-28-1997 - Laserfiche WebLink

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I I CITY OF ARDEN HILLS I- MEMORANDUM DATE: July 24, 1997 I TO: Brian Fritsinger, City Administrator FROM: Terrance Post, City Aceountant@ I SUBJECT: July 1997 Finance Department Report I Department Activities . Second Quarter (4/1/97 - 6/30/97) utility bills were issued on July 16,1997.115,364,390 I gallons of water were purchased from the City of Roseville, and approximately 110,500,000 gallons were billed out resulting in a shrinkage factor of 4.2%. This loss factor is within expected limits. In spite of the recent wet weather we have been I experiencing, there was some discussion of a possible drought in the May time frame. This is reflected in 1997 Second Quarter water purchases being 18% higher than in 1996. . In accordance with Statute requirements, the City's 1996 Financial Statement was I published in the July 23,1997 edition of the ShoreviewlArden Hills Bulletin. . Although the City received its July Tax Settlement on July 7, 1997, supporting Ie documentation concerning assessment payments has not yet been received from Ramsey County to internally book the transaction. I August Priority Proiects . Develop the 1998 Proposed Budget to a stage where it can be reviewed and modified by Council such that it forms the basis of the Preliminary Levy proposal and new Truth in I Taxation reporting requirements. . Work closely with staff on Gateway Business District development activities, and be prepared for a possible September bond issuance. I . Assist the Public Works Superintendent on an implementation plan for the commercial water meter replacement project. I Finance Committee DDdate . The Committee continues to proceed on a track to formally present Assessment Policy change recommendations to the City Council at the September Worksession. I I I .. I