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<br />Community Town Hall Meeting - 04/26/04 <br />Page 7 <br /> <br />revenues were allocated to the General Fund. <br /> <br />Mr. Miller responded that, after the City's external auditors <br />completed their work, which was in process at this time, they <br />would make a formal presentation to the City Council on their <br />findings related to the 2003 Budget, at which time the City <br />Council would be acting on approval of the final 2003 Budget as <br />amended; and that any excess funds were automatically allocated <br />to a respective Reserve Fund; with only the City Council able to <br />take action regarding those reserves. Mr. Miller noted that, over <br />the course of the year, the City Manager often needed to approve <br />transfers within a specific department, in accordance with <br />directive previously provided by the City Council, to facilitate <br />the day-to-day operations and community dynamics in ever- <br />changing programming, staffing situations, and efforts to take <br />advantage of cost-saving opportunities. <br /> <br />Mayor Klausing recognized Councilmember Schroeder's <br />clarification, seeking further information on specific City <br />Council authority on exact expenditures under Minnesota <br />Statute. <br /> <br />Mr. Miller further responded that Statute dictated the Council's <br />level of budget control in the General Fund, but noted that the <br />City Council could chose to be more restrictive than State <br />Statute, at their discretion. Mr. Miller advised that <br />Councilmembers, at each meeting, had the option for approval or <br />denial of payment of expenditures listed individually on the <br />check register and for expenditures and contracts in excess of <br />$5,000, where each line item expenditure was defined by staff. <br />Mr. Miller noted the managerial skills and accountability <br />maintained by staff in providing detailed expense and revenue <br />information for Council information and action. <br /> <br />Schroeder moved, Klausing seconded, approved the year-end <br />amendments to the 2003 Budget for the Community <br />Development, License Center, Lawful Gambling and <br />Information Technology Funds respectively, as outlined in the <br />staff report dated April 26, 2004. <br />