06-26-95 Special
CITY OF RICHFIELD, MINNESOTA
SPECIAL CITY COUNCIL STUDY SESSION
JUNE
Martin Kirsch, Mayor; Michael Sandahl; Susan Rosenberg;
MEMBERS PRESENT:
Russ Susag; and Don Priebe.
James Prosser, City Manager; Steven Administrative
STAFF PRESENT:
Services Director; Thomas Ferber, City Clerk; William Fillmore.
Liquor Operations Director; and Bridget Walstrom, Finance
AUDITOR’S STAFF
Eric Partner Deloitte Touche LLP; Steve Dahl,
Manager Deloitte Touche LLP; and Sachin Shah, Audit
Senior Deloitte & Touche LLP.
The meeting was called to order by Mayor Kirsch at 6:00 p.m.
Item #IPRESENTATION OF 1994 COMPREHENSIVE ANNUAL FINANCIAL
REPORT.S.S. LETTER NO. 22
Eric Partner Deloitte Touche LLP, summarized, reviewed, and answered
questions regarding the audit of the 1994 Comprehensive Annual Financial Report related
to the following issues:
Auditor’s responsibility under generally accepted auditing standards
Significant accounting policies
Management judgments and accounting estimates
Performance of the audit and cooperation of management and staff
Information in the Comprehensive Annual Financial Report
Sachin Shah, Audit Senior Deloitte Touche LLP, reviewed and answered
questions regarding the audit of the 1994 Comprehensive Annual Financial Report related
to the following issues:
Unreserved General Fund balance
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Unreserved General Fund Balance compared to annual expenditures
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General Fund revenues
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General Fund expenditures
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Productivity measures
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June 26.
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Water
and sanitary sewer rate comparisons to other cities
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recommendations
in the audit management letter regarding the following issues: