HomeMy WebLinkAbout2007-10-30 SpecialMinutes of Special Meeting of
Boazd of Aldermen of City of Riverside, Missouri
October 30, 2007
A special meeting of the Boazd of Aldermen of the City of Riverside, Missouri, was held in the
City Hall, of Riverside, Missouri on October 30, 2007 at 6:30 p.m
Those answering roll call were Mayor Kathy Rose, Aldermen Fuller, Dazata, Hurt, Salyer, Bruns
and Super.
Also present were Louise Rusick, City Clerk, Chief Gregory Mills, Brent Miles, Director of
Planning & Economic Development, Jeff Rupp, Public Works Duector, Meredith Hauck, City Intern and
John McClelland, City Attorney.
Auditor's Report Mia Frommelt, McGladrey & Pullen gave a brief report to the board. Ms.
Frommelt presented two letters to the Boazd detailing significant matters related
to the conduct of the annual audit and control deficiencies. There were four
audit adjustments made to the original trial balance presented at the time of
the audit. The adjustments that could have a significant effect on the City's
financial reporting process is Payroll taxes for accrued wages and vacation and
Accounts payable and retainage accruals.
One of the changes is the Tax Increment Financing (TIF) reporting and is shown
as fund of the city in the current year and it was determined the T]F Commission
is a blended unit, but is still it's own separate legal entity and this is clarified in
the report. TIFexpenditures aze recorded as debt service.
The City received the Certificate of Achievement for Excellence in Financial
Reporting for fiscal year ending June 2006 and a report will be submitted
again applying for this award again for 2007.
The significant changes for 2006-2007 aze Intergovernmental Revenue. There
was a significant increase of $3.3 million over the yeazs. This will be decreasing
azound $930,000 due to the single audit last yeaz. The TIF Revenue increased
and Investments increased due to rates were up. Gaming Revenue increased
approximately $1.3 million.
Governmental funds increased about $12.9 million. The increase shown from
2006-2007 is due to the TIF. There were also increases in the Capital
Expenditures i.e., the I-635 Interchange, the N.W. Platte Bridge and Horizons
projects.
The Government Finance Officer's Association recommends preparation be
done for expenditure transfers and looks at fund balances on a long term basis.
This is just to make sure we are monitoring for future years.
Two letters were issued to the City, one for any control deficiencies and the
other letter for significant matters related to the conduct of the annual audit.
Suggestions are listed for internal control improvement. There were no
disagreements and no issues in performing the audit. No material weaknesses
were found. The report will be delivered to the City on Thursday of this week.
Mins. 10/30/07
Donna Resz, Finance Officer mentioned the $1 million revenue was the City
received a $lmillion grant for NW Gateway and NW Vivion Road.
Business License Brent mentioned the staff is in the process of rewriting Section 605, Business
Workshop Licenses. Last year just a little under $32,000 was collected on business
licenses, not a large amount of revenue for the City. The current list of
categories includes 126 and a minimal amount of these are used and some aze
very much out of date. This listing needs to be minimized from an economic
development and council standpoint. We can give a report quarterly or so, for
example for 2007 stating what percentage of businesses are retail and then for
2008 the percentage noting any differences the next year.
The business license section does not correlate with the recently implemented
Unified Development Ordinance (UDO), in other words the present section
looks like it was written in 1976 and portions of it were.
The other reason to change this is we are anticipating a major influx of increased
businesses in the upcoming yeazs. Three types of permits are proposed, Type I,
businesses that have their office, base or main operations, headquarters here in
the City, Type H, any business that operates from a residential structure in the
City (home occupations) and Type III, businesses that conduct business within
the City, but their office, base or main operations is located outside the City.
The Fireworks section has a few minor revisions. The Liquor License Section
needs revised and this will be proposed in February. T'he Gazage Sale section
will be looked at.
At the present time, all business licenses aze being entered into the Incode
softwaze to interface with building permits and any other permit that often
is required for businesses.
Staff would like to present a draft of the changes for the business license section
at the November 20~ meeting.
2007-115
Bill No Alderman Dazata moved to place Bill No.2007-115 on its first reading, said Bill
.
Paymentof authorizing the payment of certain indebtedness listed therein, seconded by
Certain Indebtedness Alderman Salyer, the vote was:
Aye: Aldermen Dazata, Salyer, Bruns, Hurt, Fuller and Super.
Motion carries.
2007-115
No
Ord Alderman Fuller moved to place Bill No. 2007-115 on its second reading, and
.
.
Approved upon passage of same become Ordinance No. 2007-115, seconded by Alderman
Salyer, the vote was:
Aye: Aldermen Bnuss, Super, Fuller, Dazata, Hurt and Salyer.
Motion carries.
Adjournment By unanimous decision, the meeting adjourned at :12 p.
Ci lerk
Mins. 10/30/07