City Council Minutes 07-09-2018 SpecialMINUTES
SPECIAL MEETING — MONTICELLO CITY COUNCIL
Monday, July 9, 2018 — 5:15 p.m.
Academy Room
City Hall - Monticello Community Center
Present: Brian Stumpf, Jim Davidson, Bill Fair, Charlotte Gabler, Lloyd Hilgart
Absent: None
Others: City staff. Jeff O'Neill, Wayne Oberg, Angela Schumann, Shibani Bisson, Rachel
Leonard, Tom Moores, Sarah Rathlisberger, Tracy Ergen, Matt Leonard, Ann
Mosack, Tom Pawelk, Jennifer Schreiber, and Jim Thares
Others: Jim Eichten, MMKR
1. Call to Order
Mayor Brian Stumpf called the special meeting to order at 5:15 p.m.
2. 2017 Audit Review
Wayne Oberg, Finance Director, gave a presentation previewing the 2017 Financial
Audit that Eichten, MMKR, will present at the Council meeting. He commended his
staff for their work and participation in the audit. It was noted that the cost of the audit
has decreased over the years due to the Finance Department staff's efforts.
Mr. Oberg discussed interfund loans and the efforts taken to reduce the number. There
have been no interfund loans for the last six years. He also commented on the investment
horizon and the fact that the city should limit the number of long term investments.
3. CIP/Revenue Source Discussion
Jeff O'Neill, City Administrator, commenced discussion on diversifying revenue sources
by looking at additional revenue sources. Wayne Oberg distributed a draft CIP request
from 2019-2028. He remarked briefly on additional revenue sources which included:
sales tax; gas franchise fee; stormwater utility; refuse fee; impact fees; and sale of
property.
There was discussion among the Council in regard to debt service levy and funding
sources. Specifically there was discussion on a possible local option sales tax to help pay
for Bertram Chain of Lakes Athletic Complex. There is a short time line for getting a
sales tax question on the ballot. The City Council will need to pass a resolution at the
next meeting to meet this time line. Wayne Oberg noted that he will invite Northland
Securities to a workshop to discuss the local option sales tax.
4. Adjournment
By consensus the meeting was adjourned at 6:20 p.m.
Recorder: Jennifer Schreiber
Approved:
Attest:
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City Council Special Meeting Minutes —July 9, 2018