Laserfiche WebLink
<br />City Council Special Meeting - 12/27/04 <br />Minutes - Page 5 <br /> <br />project. <br /> <br />Finance Director Miller addressed several of Councilmember <br />Ihlan's concerns and comments; noting that the process and use <br />of fee-based programs and enterprise fund allocations had been <br />developed over time to allow greater distinction and transparency <br />and to differentiate those programs and services that were <br />voluntary and those that were involuntary. Mr. Miller noted the <br />legally distinct government units, mandates and structures that <br />were dictated by State Statute and general accounting principals <br />in order to provide accountability. Mr. Miller welcomed a policy <br />discussion on any proposed restructuring at the Council's <br />discretion. <br /> <br />Mayor Klausing requested that City Attorney Jay Squires <br />respond to the legal ramifications in moving funding between <br />sources; and legal funding mechanisms in place. <br /> <br />City Attorney Squires noted that the question was very general, <br />but that it would be incorrect to assume that all funds generated <br />were able to have unrestricted movement, and certain fees were <br />assessed and limited to specific areas. <br /> <br />Mayor Klausing recognized the general accounting practices <br />used for government units, encouraging the continued <br />transparency as a valuable attribute. <br /> <br />Councilmember Kough concurred with Councilmember Ihlan's <br />concerns, specifically citing Tax Increment Financing (TIF) <br />monies and controls available to the City. <br /> <br />Finance Director Miller responded that the City Council has <br />control over all funds; delegating staff to follow policies and <br />procedures as proscribed by State Statute and City Code <br />mandates. Mr. Miller further noted that TIF reporting was <br />required to several state agencies and was heavily regulated, <br />assuring the City Council maximum integrity and accountability <br />of funds. <br /> <br />Discussion included contracts for consulting fees related to Twin <br />Lakes and the development process, current preliminary <br />