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Regular City Council Minutes - 06/16/03 Minutes -Page 3 DeWenter, Viere, Ltd. Councilmember Maschka left the meeting momentarily from 6:19 p.m. until 6:21 p.m. Finance Director Chris Miller introduced Matt Mayer of the City's independent auditor firm, Kern, Dewenter & Viere to review the highlights from the Management Letter of the 2002 year-end financial report. Mr. Mayer reviewed comparisons between 2001 and 2002 for General Fund revenues and fund balances; tax capacity rates and tax comparisons; annual Debt Service payments; nationwide bond rating comparisons; activity of the City's enterprise funds (sanitary sewer, water, golf, solid waste recycling, storm drainage) with most funds remaining stable, but continuing to show declining assets); and noted a reconunendation that a statutory language provision in construction contract language regarding payment of subcontractors be included in future contracts as appropriate. Mayor Kysylyczyn interrupted the presentation to address applicant and audience member Daniel Peterson regarding Consent Agenda Variance Request Item XI. C. entitled, "Approving Daniel Peterson's Request for a variance at 345 South Owasso Boulevard (PF 3484). " Mr. Peterson requested whether his continued attendance was necessary at the meeting, and had several questions regarding "Save Roseville " signs, to which Mayor Kysylyczyn responded prior to Mr. Peterson leaving the meeting. Councilmembers commented on and sought clarification from Mr. Mayer on several items in the report. Items of note included in the discussion included Councilmember Schroeder's correction on Page 110 of the report regarding the percentage of voters in November of 1999; and Mayor Kysylyczyn's comments regarding unfunded liability related to volunteer Fire Relief Association funding policies as detailed on Page 68 of the report.