Minutes 11/24/1987 - Laserfiche WebLink

Home Browse Search

C) i) J,'/ TUESDAY, NOVEMBER 24, 1987 Mr. Robert St. Lawrence. CPA, of Ford, Hogg & Cobbe, CPA's, appeared before Council and formally presented a report on his firm's audit of the City's financial records and accounts for the fiscal year ended June 30, 1987; and, as pointed out by City Manager Brown. the only exception taken by the auditors in the report was the City's method of recording purchases considered as fixed assets, which method has since been revised to conform to the auditor's recommendations, according to Mr. Brown. Council was also informed that other problems heretofore cited in prior audit reports have been satisfactorily resolved or corrected. In accepting the report, Council suggested that future reports include a schedule comparing estimated fund (surplus) balances (from recommended budgets) with actual and audited balances. Council also concurred with Councilman's Groden's suggestion that Council be apprised (by reports) of findings from periodic/surprise cash audits. In reviewing a report submitted by City Manager Brown and his staff on the potential usage and/or development of properties along Smith Lake Road, Council was presented with the conclusion that, because of many factors (including topography and prohibitive land-grading costs as well as inaccessibility to the nearby Norfolk & Western Railroad) cited in the report, residential usage appears to be the best option for development of the area, pending determination of the feasibility of providing water service to the area and pending a determination of the interest on the part of private landowners and realtors in attempting to develop the property for residential usuage, along with the cooperation of the County of Henry inasmuch as portions of the area are within Henry County. Mr. Brown indicated that he would discuss this matter with realtors and the property owners.