06-04-2018 CCM - Laserfiche WebLink

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City Council Minutes Page 3 June 4, 2018 Moved by Councilmember Wagner and seconded by Councilmember Westgaard to declare June 6, 2018, as George Anderson Day in Elk River. Motion carried 5-0. 6.4 Acknowledge Contribution from The Bank of Elk River Mr. Hecker presented the staff report. Moved by Councilmember Westgaard and seconded by Councilmember Olsen to adopt Resolution 18-33 acknowledging contribution to the City of Elk River from The Bank of Elk River with the donation of $16,000 to be used by the Elk River Parks and Recreation Department for the Riverfront Concert Series. Motion carried 5-0. Mayor Dietz presented a plaque to employees of The Bank of Elk River in attendance. 6.5 Introduction of New Employee: Senior Communications Coordinator Kaylin Clement Ms. Allard introduced Senior Communications Coordinator Kaylin Clement. Council welcomed Kaylin to the city. 6.6 Comprehensive Annual Financial Report for the Year Ended December 31, 2017 Ms. Ziemer introduced Chris Knopik, Michelle Hoffman, and Troy Gabler, representatives from CliftonLarsonAllen. Ms. Ziemer thanked city staff for their work throughout the year. Mr. Knopik and Ms. Hoffman provided an overview of the audit. Ms. Hoffman highlighted the City of Elk River has been awarded the GFOA Certificate for Excellence in Financial Reporting for the 28th consecutive year. She drew Council's attention to concerns with the garbage fund. The Council asked the CliftonLarsonAllen representatives questions regarding their presentation. Councilmember Ovall asked what other cities do regarding their sewer and garbage funds. Mr. Knopik responded most cities pass on the fees to the residents and break even. Sewer fees ideally cover 100% of deprecation. Mayor Dietz asked that the presentation materials be given to council prior to the meeting. He also asked for clarification on sections of the CAFR report. NATURE