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Regular City Council Meeting Monday, May 16, 2016 Page 4 11. Presentations a. 2015 Audit Presentation Assistant Finance Director Jason Schirmacher introduced Auditor Matt Mayer from the firm of BerganKDV, Ltd. for an overview of the 2015 annual audit re- port, the audit process itself and any required disclosures or findings. Mr. Mayer congratulated the City of Roseville on their "Certificate of Achievement for Ex- cellence in Financial reporting" presented again this year for its comprehensive annual financial reports award-winning report, and recognition by other jurisdic- tions for that effort. Documents provided were entitled: "Comprehensive Annual Financial Report," "Communication Letter," and Reports on Internal Control and Compliance with Government Auditing Standard and Legal Compliance" for fiscal year ended De- cember 31, 2015. Mr. Mayer's presentation included a review of the General Fund budget to actual for 2015; and a financial analysis by fund: the General Fund, Tax Capacity, Levy and Rates; and the following Enterprise Funds: Water Fund; Sewer Fund; Golf Course; Solid Waste Recycling; and Storm Drainage. Mr. Mayer recognized improvements in the Golf Course Fund in 2015 due to an extended season and favorable weather, but recommended ongoing diligence in monitoring that Fund going forward. Mr. Mayer also recommended caution in monitoring the Solid Waste Recycling that was significantly supported through grant funds form Ramsey County. Mr. Mayer noted the Storm Drainage Fund's strong financial condition even after transferring funds to the Water Fund. Mr. Mayer referenced their firm's minimal finding of material misstatements de- tected as a result of audit procedures that had been corrected by management, specifically adjusting amounts due other governments, and adjusting compensated absences. At the request of Councilmember Willmus specific to the approximate $468,000 pending in property tax appeals with Ramsey County, Finance Director Chris Mil- ler advised that no broad update is available as to when outcomes may be re- solved, with only one settlement reported to date and resulting in $1,800 back to the City of Roseville. Mr. Miller noted the more significant property appeals were still pending (approximately 12), but he anticipated their resolution yet this year, at which time the City Council would be advised accordingly, . For the Enterprise Fund graphs in the audit report, Mayor Roe sought clarification as to whether capital funds entered into the figures represented as operating reve- nues and expenditures.