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taxes and low sales tax as a reason for low <br /> revenue. The level of services and an aggressive <br /> Capital Improvements Program also keep the City's <br /> revenue reserves lower than recommended. Bondi's <br /> opinion echoes that of past auditing firms and <br /> Ssyamanaki stated, "...Council has a job ahead of <br /> it to improve our financial position." <br /> Szymanski also stated that the auditing firm was <br /> very pleased with Financial Services Director, <br /> Sharon Asti-Caranci. Ms. Asti-Caranci took over <br /> such of the auditing tasks in-house and, according <br /> to Szymanski, 'the City is taking charge of its <br /> own financial position more than it has in the <br /> past years.• <br /> In summary, Szymanski stated that the Financial <br /> Committee was very satisfied with the audit and <br /> recommend Council'& acceptance of the 1986 Audit <br /> by Bondi a Co. <br /> Mayor Fauson also commended Ms. Asti-Caranci for <br /> her perforsmance. <br /> Szymanski moved that Council accept the 1986 Audit <br /> for the City of Louisville performed by Bondi s <br /> Co. Scarpella seconded. Unanimous. <br /> APPROVAL OF EHGAGEI4E) T LETTER MITE <br /> BONDI & CO. Hundley stated that late in 1986, staff requested <br /> proposals for an annual auditor. The RPP outlined <br /> that the City would enter into a one year contract <br /> with the successful auditing firm, with an option <br /> of . yearly renewals for a period of three years. <br /> Submitted for Council's approval is an Engagement <br /> Letter from Bondi & Co. regarding the renewal of <br /> their contract to provide auditing and accounting <br /> services for 1987. <br /> Szymanski stated that the Finance Committee's <br /> opinion of the work Bondi 6 Co. performed for the <br /> City of Louisville was most satisfactory and <br /> recommended that the contract be renewed for 1987. <br /> Szymanski moved that the Engagement Letter from <br /> Bondi s Co. be approved. Anderson seconded. <br /> Unanimous. <br /> RESOLUTION 8$ - SPECIAL REVIEW USE - <br /> BRO9'HERS THREE Rautenstraus read in its entirety Resolution 88, <br /> Series 1987, "A Resolution approving a special <br /> review use for Brothers Three.' <br /> Wanush stated that the applicants are requesting <br /> approval of outdoor dining at the Brothers 3 Bar <br /> 4 <br />