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Louisville City Council Meeting <br />May 2, 2001 <br />Page 3 <br /> <br />REGULAR BUSINESS <br /> <br />PROCLAMATION - OLDER AMERICANS MONTH <br /> <br />Mayor Davidson read the proclamation proclaiming May 2001, as Older Americans <br />Month in the City of Louisville. <br /> <br />The Louisville Senior Board Members, Jim Purfurst, Kathy Gibson, Pat McNutt, Dolores <br />Gagne, Sheila Newton, Ann Todd, Harriett Olson and Walt Oehlkers were present to <br />receive the proclamation. <br /> <br />Sheila Newton, Vice-Chairperson of the Louisville Senior Board, accepted the <br />proclamation. Newton introduced the other members of the Senior Board and the Senior <br />Center Coordinator, Cathy Bittler. <br /> <br />Sisk thanked the Senior Board for their contributions. <br /> <br />2000 AUDIT PRESENTATION - BONDI & COMPANY <br /> <br />Finance Director Dianne Ray introduced Kim Higgins of Bondi & Company, the firm <br />that conducted the audit for the City of Louisville. <br /> <br />Kim Higgins, C.P.A., Partner with Bondi & Company presented the 2000 Audit and <br />Management Letter for the City of Louisville. She stated that Louisville's 2000 Audit <br />received the highest rated opinion attainable. <br /> <br />Higgins introduced George Nixon, C.P.A for Bondi & Company, who was a member of <br />the audit team for the 2000 City audit. Higgins reviewed the audit and the process for the <br />Council members. She stated that this year the audit was performed in two phases. The <br />first phase was between September and December when the audit team reviewed detailed <br />transactions. This information was obtained from the Finance staff electronically through <br />new software. The second phase was conducted in March when all the balances were <br />reconciled and balances confirmed with third party entities. <br /> <br />Higgins reviewed the Management Report, which documents a financial analysis of <br />expenditures and revenues in detail. Among the revenues, sales tax and assessed <br />valuation were included. <br /> <br />Mayer noted that with respect to the assessed valuation/mill levy chart, the Town of <br />Superior's mill levy is lower, however there are several special districts, which are not <br />reflected in the report's chart. <br /> <br />3 <br /> <br /> <br />