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<br />I <br />- <br /> CITY OF ARDEN HILLS <br />r MEMORANDUM <br /> DATE: November 21, 1997 <br />. TO: Brian Fritsinger, City Administrator <br />. FROM: Terrance Post, City Accountant @) <br /> SUBJECT: November, 1997 Finance Department Report <br />I Department Activities <br />I . Greater number of false alarm billings due to threshold (i.e" 3 no-charge alarms) being <br /> exceeded by customers, Also revenue analysis to properly record 1998 license payments <br /> as deferred revenue in 1997, <br />I . Public Works continues to progress on commercial water meter replacement project. <br /> Eighty-nine (89) meters have been installed thus far. Finance is providing administrative <br />I support for this project to insure that quarterly water consumption is properly calculated <br /> (i.e., a portion with old metering and a portion with the new meters,) <br />Ie . Continue to work with Standard & Poors (S & P) and the City's Financial Advisors <br /> (Ehlers & Associates) on monitoring bond issuance status. S & P gave the City a high <br />I rating (A+) for this proposed issuance, <br /> December Priority Proiects <br /> . Prepare for and provide information for the December 4, 1997 Truth-In-Taxation public <br />I hearing. This process will culminate in the adoption of the final 1998 Budget on <br /> December 15,1997, <br />. . Develop a 1998 EDA Budget in a form that the EDA Commissioners can consider <br /> adopting, <br />I . Assist the City's external auditor for some pre-audit December fieldwork. <br />. Finance Committee Update <br /> . As per direction from Council at the November 17, 1997 W orksession, Committee <br /> members will be solicited for their ideas regarding continuation of the Committee, <br />. interest in serving on a Task Force, or other ways to invigorate participation, <br />I <br />if <br />. <br />