City Council Minutes 1997 05 06 - Laserfiche WebLink

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Dianne Ray, Finance Director, introduced Patricia Sodenberg, Accounting Supervisor. Steve Baysinger, Parks & Recreation Director, introduced: Robert C. Bernhardt, Parks Maintenance Technician I Joe L. Falson, Parks Maintenance Technician I Neal A. Lucero, Parks Maintenance Technician II Rita D. Smith, promoted from Recreation Program Specialist I to Recreation Supervisor I for Senior Services Kerry Stewart, Resource Specialist in the Senior Program Bruce Goodman, Chief of Police, introduced: Dan Wilson, Police Officer Donna Geringer, Police Officer Tom Phare, Public Works Director, introduced Margaret "Peggy" Flaherty, Civil Engineer I. PROCLAMATION - SENIOR CENTER MONTH Davidson read and presented the Senior Center Month proclamation to Harriet Olson of the Senior Advisory Board. Olson thanked Council and invited them to the Centennial Dinner on May 14 at noon at the Recreation Center. Sisk thanked the Senior Advisory Board and all of the senior citizens and employees of Louisville who give tirelessly of their efforts. PRESENTATION - 1996 AUDIT AND MANAGEMENT LETTER - KlM HIGGINS, BONDI & COMPANY Kim Higgins, partner in charge of the audit engagement for the City of Louisville, introduced Robin Risers, Senior CPA, who performed much of the audit. Higgins thought the audit report looked excellent this year and gave tribute to Finance Director Dianne Ray and the department. She reviewed the Auditor's Report/Financial Statements. She commented that the City looked very favorable from a financial statement standpoint: strong cash positions, liabilities are decreasing, and fund balances are increasing. Sisk asked for a review of the long term debt. Higgins reported that at the end of 1995, beginning of 1996, Louisville had $28,948,262 in debt. Nothing was added to debt in 1996, but the reductions on an overall basis was almost $2 million, so the long term debt dropped to $27,029,720.