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<br />. <br /> <br />. <br /> <br />City of Centerville <br />February 27, 2002 <br />Council Minutes <br /> <br />Council Member Capra indicated she would like the auditor to explain, in layman's <br />terms, where the City can take the funds to clean up the accounts. <br /> <br />Council Member Nelson indicated the funds needed to come out of the general fund. <br /> <br />Council Member Broussard Vickers indicated she was not sure where to move the money <br />from. She then indicated she would like to support Staff s request to wait until after the <br />audit and asked Staff to gather further information on the deficit accounts while waiting <br />for the results of the audit. <br /> <br />Council Member Nelson noted if the funds are moved from the general fund the City <br />would need to reduce expenditures to cover it because the reserve amount for the general <br />fund is not appropriate. <br /> <br />Mayor Swedberg said the City cannot keep the 2001 books open indefinitely. <br /> <br />Council Member Nelson indicated that adjustments can be made in the prior year until <br />the audit is finished. <br /> <br />Council Member Broussard Vickers indicated that the capital expenditure funds should <br />not to be spent if the intent is to use those monies to clear the books. <br /> <br />Mayor Swedberg said he would feel comfortable if Ms. Moore-Sykes guarantees Council <br />that money will not be spent in those accounts. <br /> <br />Ms. Moore-Sykes indicated she would need Council approval for expenditures. <br /> <br />Council Member Nelson indicated she does not want to use the capital improvement <br />funds until after the TIF situation and the deferred compensation situation have been <br />resolved. <br /> <br />Council Member Broussard Vickers asked Staff to gather information concerning the <br />deficit funds and determine whether there was a transfer from the water and sewer fund <br />for the public works facility. <br /> <br />Council Member Nelson asked if the audit would take place in March. <br /> <br />Ms. Moore-Sykes indicated the audit would take place in April. <br /> <br />Council Member Nelson indicated she does not want to wait until June to clear these <br />issues up and said the auditor may be able to give answers on issues to begin cleanup <br />some time in the next month. <br /> <br />Mayor Swedberg indicated there is some urgency with this matter because as the City <br />proceeds further into the budget cycle fewer choices are available for reconciliation of the <br />deficit accounts. <br /> <br />Page 15 of24 <br />