CC_Minutes_2023_0508 - Laserfiche WebLink

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Regular City Council Meeting Monday, May 8, 2023 Page 4 Councilmember Schroeder thanked Commissioner McGuire for all of the work she is doing with the Rice Larpenteur Alliance, not just from the County but herself personally. She appreciated all of the effort. Councilmember Strahan thanked Commissioner McGuire for the workforce contribution. Working in the workforce field she felt honored that there are so many resources provided that so many communities do not have. b. Police Civil Service Meeting with City Council Chair Bob Murphy and Commissioner Shawna Dees from the Police Civil Service Commission were at the meeting and gave an update to the Council. Mayor Roe thanked the Police Civil Service Commission for the update and encouraged them to keep up the good work. c. Receive Annual Comprehensive Financial Report, Auditor Communication Letter,and Reports on Compliance for Fiscal Year Ending December 31,2022 City Manager Patrick Trudgeon briefly highlighted this item as detailed in the Request for Council Action and related attachments dated May 8, 2023. Mr. Trudgeon introduced Mr. Joshua Kent, the City's Assistant Finance Director, to the City Council, noting he has been with the City for almost one year. Assistant Finance Director Kent thanked the Council and City for the job. He indicated he is enjoying being a part of the City and learning how the City is run. He introduced Ms. Rebecca Peterson, Director of Redpath, and Company, who made a presentation to the City Council. Mayor Roe thanked Ms. Peterson for the presentation. Councilmember Schroeder thanked Ms. Peterson for the presentation. She was curious with the billing issue for the water and asked if Ms. Peterson considered that a material issue considering part of it was in 2021. Ms. Peterson explained that was definitely discussed during the audit and when looking at that, the auditors look at internal controls from a perspective of can the staff prevent or detect errors. She stated clearly the billing issue was not prevented but it was not left undetected and from a material perspective, when they looked at the financial reporting requirements, it did not result in a material misstatement. From an audit perspective, it did not rise to the level of a reportable condition, but it was something that was talked about during the course of the audit. In the letter the Council would have received at the beginning of the audit, one of the areas that was identified as a risk was revenue recognition and it really does relate to that billing issue and did get their attention during the course of the audit.