Jerseyville City Council hears presentation on 2016 city fiscal audit
Jerseyville City Council met Tuesday, Oct. 25 to hear a presentation on the 2016 audit.
Here are the minutes as provided by Jerseyville:
OCTOBER 25, 2016
The Jerseyville City Council met in regular session on Tuesday, October 25, 2016, at 6:00 p.m. in the Jerseyville City Hall. Roll call: Present were Commissioners Steve Pohlman, Kevin Stork, Gary Goetten, Richard Perdun and Mayor Bill Russell. Also present was City Attorney Bill Strang.
Comm. Pohlman led the opening prayer and the Pledge of Allegiance was recited. A motion was made by Comm. Stork and seconded by Comm. Pohlman, to approve the minutes of the last regular meeting on October 11, 2016, Roll call vote showed Pohlman, aye; Goetten, abstain; Stork, aye; Perdun, aye; and Russell aye; motion carried.
A motion was made by Comm. Stork, seconded by Pohlman, to approve the bills as presented which totaled $365,301.54. Roll call vote showed all ayes, no nays, motion carried.
Danny Phipps, of Scheffel Boyle, CPA, gave the Council a presentation of the 2016 Audit. He summarized the overall change in the cash assets of the City saying it was down which was mainly due to the receipt of less grant money in comparison to 2015 & 2014. In the General Fund the difference between the revenue and expenses was only $101,174 and even with transfers to Road & Bridge and the Parks & Recreation Fund, it showed that the Fund is changing the trend of the last few years when the difference between revenue and expenses was increasing. Special Revenue Funds show an increase in revenues over the last 2 years which is mainly attributed to the increase in real estate taxes & IMRF and with the expenses staying much the same, these funds show an increase in the revenues over the expenditures and transfers. In the Water & Sewer Fund both the
Water and the Sewer Depts. show a decrease in revenue partly due to donated materials on the Stoney Creek project and the increase in expenses which include $209,000 in depreciation. The Police Pension Fund revenue is down due to the stock market trend, but the expenses are similar to the previous year with a small difference between the revenues and expenses of $17,385. The Fire Pension Fund is consistent with the previous 2 years, showing the revenue over expenses by almost $42,000. The revenues for governmental fund types show almost 70% of our revenue hinges on intergovernmental revenues with the largest section of that being the state sales tax. This years’ audit includes extra pages that deal with notes addressing the schedule of contributions summary of Actuarial Methods and Assumptions used in the calculation of the 2015 contribution rate for the Pension funds including the Police & Fire Pensions as required by the Governmental Accounting System. Danny summed up his report commenting that overall the City shows a good, steady year.
Scheffel Boyle appreciated the opportunity to do the audit and the cooperation of all the City employees. A motion was made by Comm. Stork, seconded by Comm. Perdun to approve the 2016 audit as presented. Roll call vote showed all ayes, no nays, motion carried.
A motion was made by Comm. Goetten, seconded by Comm. Stork to approve a Resolution to close State Hwy #67 for the Veterans’ Day parade on 11/11/16. Roll call vote showed all ayes, no nays, motion carried. Mayor Russell urged everyone to come out to support the veterans.
A motion was made by Comm. Perdun, seconded by Comm. Pohlman, to approve advertising for bids to purchase a 2016 Frontend Loader of 140 h.p. class with a 2.75 cu. yard bucket with bolt on blade, to be opened at the 11/8/16 meeting. Roll call vote showed all ayes, no nays, motion carried.
A motion was made by Comm. Goetten, seconded by Comm. Stork to approve advertising for bids to sell a 1997 Chevrolet truck in its’ current condition, bids to be opened at the 11/8/16 meeting. Roll call vote showed all ayes, no nays, motion carried.
A motion was made by Comm. Pohlman, seconded by Comm. Perdun, to approve a Resolution outlining the Sewage Treatment and Operations Contract with the Village of Kane. Roll call vote showed all ayes, no nays, motion carried.
City announcements include the lime spreading is complete and the Water Department will be flushing hydrants on November 15th & 16th. The 1st of November internal cleaning of the water tower is scheduled at the Industrial Park and sometime during the first two weeks of November the water tower downtown will be cleaned on the outside.
Saturday is the Halloween festival with costume judging, parade, food & candy…a free family event. Trick or Treating is Monday 10/31 5-9 p.m. and the Police & Fire Departments will have Trunk or Treating. With no Public Comment and no further business to discuss, a motion was made by Comm. Stork, seconded by Comm. Gotten, to adjourn the meeting Roll call vote showed all ayes, no nays, motion carried. The meeting adjourned at 6:27 p.m.