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<br /> <br />'~ ,J <br />, ' <br /> <br />TO: Honorab]e Mayor and Council Members <br /> <br />FROM: Staff <br /> <br />SUBJECT: Reso]ution #02-003 <br /> <br />DATE: February 22, 2002 <br /> <br />This resolution was presented to Council at your February 13, 2002 meeting. Council <br />concensus was to direct staff to review general fimd balances and the 2001 budget for <br />unexpended fimds. Mr. McDonald received reports from Staff prior to submittal of the <br />transfers and felt comfortable in presenting the same to Council for consideration; <br />however staff requests that Council consider waiting until the 200] audit has been <br />completed insuring total accuracy of the balances. At that time, Council may consider <br />reducing the percentage of reserves retained. <br /> <br />Abdo, Abdo, Eick & Meyers will commence the auditing process on April 15, 2002, with <br />a completed audit by the end of April. <br />