HomeMy WebLinkAboutMinutes - 10/25/1993 - City Council COMMITTEE MEETING OF THE WHOLE
OCTOBER 25, 1993
A Committee Meeting of the Whole was called to order by Mayor
Steven Cuda on Monday, October 25, 1993 at 7:30 P.M. in the Council
Chambers of the Municipal Center. At roll call the following
Aldermen were in attendance: Locke, Lawson, Baird, Bolger. City
Staff in attendance were: City Administrator Peterson. Others
present: Rick Sherman of Sherman & Roach.
Mayor Cuda announced the purpose of the meeting was to review
the audit for the period ending April 30, 1993, prepared by the firm
of Sherman & Roach. Rick Sherman explained that they had been the
auditors for the City for the past three years. The format of the
audit report they have prepared is one in pyramid order with
increasingly detailed information as one gets further into the
report.
Mr. Sherman reviewed the various fund balances as well as the
management letter that was prepared in conjunction with the audit.
Mr. Sherman reviewed the combined balance sheet, the General Fund,
Special Revenue Funds, Debt Service Funds, several Project Funds,
Enterprise Funds, Internal Service Funds and Fiduciary Funds. He
reported that City finances are generally in good shape.
There being no further business to come before the Committee,
the meeting was adjourned at 8:20 P.M.