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• Adopted a Red Flag and Identity Theft Prevention Program in compliance <br />Federal Trade Commission mandate. <br />• Continued business retention and recruitment activities. <br />• Replaced the entire Financial Management and Accounting System. <br />• Negotiated and implemented cost - sharing agreement with Town of <br />Superior for Library services. <br />• Developed a Medical Marijuana Dispensary Ordinance. <br />• Completed numerous improvements to trails and playgrounds. <br />• Substantially completed the Cemetery Expansion Project. <br />• Installed a Mass Notification Warning System. <br />• Completed multi - million dollar reconstruction of Dillon Road from 96th to <br />104th street. <br />• Completed over $1 million in general street improvements, including <br />asphalt and concrete replacement. <br />• Complete nearly $1 million in Recreation Center improvements. <br />• Complete over $1 million in Water and Wastewater Utility projects. <br />PROJECTS PLANNED IN 2010 <br />The City reviews and publishes its Five -Year Capital Improvements Plan on an <br />annual basis. Planned City projects for 2010 include: <br />• Begin the multi - million dollar reconstruction of the South Boulder <br />Road /Highway 42 intersection. <br />• Complete over $1 million in general street improvements. <br />• Complete over $1,500,000 in Recreation Center and parks improvements. <br />• Install remote radio -read water meters throughout the City. <br />• Complete over $2.5 million in Water and Wastewater projects. <br />FINANCIAL INFORMATION <br />Management of the City is responsible for establishing and maintaining internal <br />controls that are designed to ensure that the assets of the City are protected from <br />loss, theft or misuse. Also, management ensures that financial statements are <br />prepared in conformity with generally accepted accounting principles through the <br />compilation of adequate accounting data. Internal controls are designed to <br />provide reasonable, but not absolute, assurance that these objectives are met. <br />The concept of reasonable assurance recognizes that: (1) the cost of a control <br />should not exceed the benefits likely to be derived; and (2) the valuation of costs <br />and benefits requires estimates and judgments by management. <br />Budgetary Controls. The City maintains budgetary controls. The objective of <br />these budgetary controls is to ensure compliance with legal provisions embodied <br />in the annual appropriated budget approved by the City Council. The level of <br />budgetary control (that is, the level at which expenditures cannot legally exceed <br />3 <br />