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City of Centerville <br />Council Meeting Minutes <br />April 27, 2016 <br />agreement. Attorney Glaser stated that minor upgrades on the tower will be under this contract; <br />however, major upgrades will require renegotiations. <br /> <br />Motion by Council Member King, seconded by Council Member Paar to approve the T- <br />Mobile Fourth Amendment to Site Lease Agreement as presented. All in favor. Motion <br />carried. Council Member Fehrenbacher Abstained. <br /> <br /> <br />2.City of Centerville Water Supply Plan <br /> <br />Engineer Statz stated that the Plan is derived by computing the amount of residences served by <br />municipal water when the City is fully built out and whether its current infrastructure can <br />accommodate for that. He stated that the Plan is required by the MN DNR and that there are <br />several sections of the report he will work with Staff to complete. <br /> <br />Mayor Wilharber questioned whether this Plan will become a part of the Comprehensive Plan <br />and Engineer Statz stated that it will be referenced. Council Member King questioned the <br />development of the Vickers property and whether existing infrastructure could adequately supply <br />it. Engineer Statz stated that storage capacity could adequately cover the development, however, <br />he would have to research the necessity of adding an additional well. <br /> <br />Motion by Council Member Paar, seconded by Council Member Fehrenbacher to accept <br />Stantec’s proposal to assist City Staff in completion of Centerville’s Water Supply Plan not <br />to exceed $8,500. All in favor. Motion carried. <br /> <br /> <br />3.Steve McDonald, ABDO, Eick & Meyers <br /> <br />Mr. Steve McDonald, a principle with the accounting firm introduced himself to Council and <br />stated that he would be presenting an overview of the City’s 2015 financials. Mr. McDonald <br />stated that Abdo, Eick & Meyers, LLP had an unmodified opinion, encountered no issues and <br />their opinion is the same in previous years (proper segregation of duties, internal controls, and <br />levels of funding are satisfactory). He commended Staff on their preparation and minimal need <br />for journal entries. Mr. McDonald reported that two (2) items that were addressed in last years’ <br />Management Letter had been resolved. He stated that compliance testing of bonding, bidding, <br />deposit and investment procedures were completed and found to be compliant, implemented <br />GASB 68 and GASB 71 requiring a prior period adjustment. Mr. McDonald stated that the <br />adjustment effected the overall financial statement but no individual funds were involved and <br />was the City is accounting for a portion of employee PERA liability accounted for on the balance <br />sheet. <br /> <br />Mr. McDonald stated that the General Fund has decreased in 2015 but remains to have a 54% <br />reserve which exceeds the required 40-50% of 2016 budgeted expenditures and explained that <br />this is due to Council’s authorization to transfer funding to assist in the Centerville Road project <br />which was a good use of the fund reserves. He reviewed the Special Revenue Fund (Cable TV), <br />Capital Projects and Park Fund highlighting that they remained to have deficit balances. He also <br />stated that the Debt Service Funds had positive cash balances which indicated that they are <br />building a sufficient amount for bond payments. He stated that the City’s outstanding bond <br />Page 4 of 7 <br /> <br /> <br />