City Council Minutes 2007 07 02 - Laserfiche WebLink

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City Council Meeting Minutes July 2, 2007 Page 5 of 9 Alan Miller, Acting Finance Director reported the 2006 Comprehensive Annual Financial Report is complete. He noted the report concludes the City is in good financial condition and the City's assets have increased. He recognized former Finance Director Patty Leslie and Account Manager Jodie Ferrera for their work in the audit process. He introduced Wendy Swan horst, representative from the CPA firm of Swanhorst & Company, LLC. Wendy Swanhorst presented the results of the City's annual audit in the 2006 Management Letter, which nOlted the City entered into no unusual or significant transactions during the year and no difficulties were encountered during the audit. Swanhorst & Company, LLC provided Staff with a schedule of audit adjustments. Of these adjustments none were determined to, either individually or in the aggregate, indicate matters that could have a significant effect on the City's financial reporting. Swanhorst & Company, LLC also provided, in conjunction with the Management Letter, items for Council consideration. She explained new legislation mandates municipal governments include all infrastructure assets in their financial statements. PRESENTATION. GOVERNMENT FINANCIAL OFFICERS ASSOCIATION 2006 DISTINGUIStiED BUDGET PRESENTATION AWARD Mayor Sisk requested a Staff presentation. Interim City Manager Balser reported the City of Louisville and former Director of Finance Patricia A. Leslie received the Distinguished Budget Presentation Award for fiscal year 2005. This is the sixteenth year that Louisville has received the award. Louisville has also received the Certificate of Achievement in Financial Reporting Program Award for 2005. For fiscal year 2005, 1,069 entities received the Budget Award nationwide. She thanked Former Finance Director Patty Leslie and all members of the! Finance Staff for all their work on the budget. RESOLUTION No. 32, SERIES 2007 - A RESOLUTION APPROVING A SPECIAL REVIEW USE TO AUTHORIZE THE INSTITUTE OF TAOIST EDUCATION AND ACUPUNCTURE, INC. AT 325 SOUTH BOULDER ROAD Mayor Sisk requested a Staff presentation. Principal Planner McCartney explained the applicant, Ms. Hilary Skellon, representing the Institute for Taoist Education and Acupuncture, Inc. (Institute) proposes to relocate the Institute from its current 608 Main Street location to an existing building at 325 South Boulder Road. This is a private school and requires review and approval as a Special Review Use (SRU).