06-06-2017 City Council Meeting Minutes

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City Council Minutes June 6, 2017 Page 8 of 9 COUNCIL MEMBER AKERSON MOVED TO CHANGE THE REGULARLY SCHEDULED CITY COUNCIL MEETING FROM JULY 4, 2017 TO JULY 6, 2017 AT 6:30 PM. COUNCIL MEMBER SWANSON SECONDED THE MOTION. MOTION CARRIED 3-0. 10.6. Call Special Meetings COUNCIL MEMBER AKERSON MOVED TO CALL A SPECIAL COUNCIL MEETING FOR JULY 11, 2017 AT 6:00 PM FOR THE PURPOSE OF A UTILITY RATE STUDY WORK SESSION. COUNCIL MEMBER SWANSON SECONDED THE MOTION. MOTION CARRIED 3-0. COUNCIL MEMBER SWANSON MOVED TO CALL A SPECIAL MEETING ON AUGUST 22, 2017 AT 6:00 PM FOR THE PURPOSE OF THE CAPITAL IMPROVEMENT PLANNING AND 2018 PRELIMINARY BUDGET WORK SESSION. COUNCIL MEMBER AKERSON SECONDED THE MOTION. MOTION CARRIED 3-0. 10.7. 2016 Year End Financial Report Nancy Malecha presented the 2016 year-end financial report to the Council. The general fund capital outlay and council contingency carryover monies remaining at year-end total $66,983.56. The City's Accounting and Reporting Policy states, "the City will commit fund balance in the general fund of up to 50% of the following year's general fund budgeted expenditures for cash flow purposes." As of December 2016, the City is at 62% fund designation. Ms. Malecha noted that the City is in good financial condition and hopes to recommend the use of the fund balance monies to help pay for some of the 2018 projects that the City has prioritized. COUNCIL MEMBER AKERSON MOVED TO ACCEPT THE 2016 YEAR END FINANCIAL REPORT. COUNCIL MEMBER SWANSON SECONDED THE MOTION. MOTION CARRIED 3-0. 10.8. Audit Services Proposal Nancy Malecha presented the proposal from CliftonLarsonAllen to perform audit services for the City's 2017-2019 audits. Council Member Akerson suggested the City get other proposals for audit services and Mayor Adams concurred adding that the City has utilized their services for more than five years and it is always good to have another viewpoint.