Minutes - Council Work Session - 06/28/2016

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programing for the local schools and preservation or reuse of historical buildings, such as the old town hall in Ramsey. Councilmember Kuzma asked if there are any plans for the old town hall. Ms. Ebnet-Mavencamp stated that to her knowledge the building is just sitting at this time and noted that a good starting point would be to have a structural survey completed and then further complete a needs survey of the community to determine the best use. Asst. City Administrator/Economic Development Manager Brama thanked Ms. Ebnet- Mavencamp for coming in to introduce herself, noting that the intent of the case was to create this connection. He noted that the Historical. Society does have resources that the City can use if they so choose in the future, providing the example of the old town hall. Mayor Strommen stated that as the Council continues to move forward with the Strategic Plan and vision the Council the identity of the City can continue to play a role and perhaps the Historical Society can help to tell that story. The Council thanked Ms. Ebnet-Mavencamp for her time. City Administrator Ulrich confirmed that Ms. Ebnet-Mavencamp would help to organize a volunteer group if there was a group of volunteers that were willing to assist. 2.02: Review 2015 Comprehensive Annual Financial Report (CAFR), Management Report and Special Purpose Audit Reports Finance Director Lund introduced Aaron Nielsen of MMKR. Aaron Nielsen, MMKR, reviewed the documents which he provided to the Council including the Comprehensive Annual Financial Report (CAFR), Management Report and Special Purpose Audit Reports. He reported that the City earned the highest rating, an unmodified audit opinion. He briefly highlighted the changes which were implemented as a part of the changes in standards for the pension accounts. He stated that there were no material weaknesses and no instances of non-compliance in regard to governmental standards. He noted that in terms of legal compliance there was one finding, noting that a bid was tested and was missing the required contractor language. He noted that through this process they review past findings to determine if the issue had been corrected and advised that the two findings from the previous year were reviewed and had been corrected. He reported that the City received an increase in market value and tax capacity this past year. He provided a summary of the City funds, budgetary information, operations and net investments and assets. Councilmember Riley referenced the retirement change, stating that it is his understanding that the change is simply in recording and does not change the cash amounts of the City. Mr. Nielsen confirmed that there were no cash entries changed just changes made to the financial statements. City Council Work Session / June 28, 2016 Page 2 of 4