CCMtg04-16-90WSMin1. Mayor e ~:oo e
pre a fro an da Assoc rotas g d g he
results of the audi[yfor ex BB/89e
2. arbara R ord. V sident, K and A led
that eDecause of ainaaegua ee a inq r
1986-1987, andoA naDlef[oa fozm as
~ega rd ing t wn ~ch ala nd,~b ilding a
caa a Yne e a e rP
building andaequipment of t xed A oupa
the a oP aeprec tartan e se rn the Ente p rse
Funarfoi th y ar e~ding September l0, 1999en
cept f effects n
financial o any, the general
f inane is lut piesenten
the £iua nc ial aposition of t ityya of 5 emberri
1989eca ash flows eof :i erpri pse P a tux
e yeaa a e rn confoxmrty rt genera llys accepted accounting
p nciples.r
ked if e any s
rhea prob Tema wrtn fixed assets and Ms. Rennardf sand at hereewere
and said there w significant improvement i
til ity Eund due t d he r
s 4200,OG6 listed on page of !Ceunder net rncome as cop ed
wrtha 55,000 for th p vrou y ar.
reos.ewea the ma e eae le Beer a~~a maae tha
following comments.
rol oP fixed a xhe physical i
teas
req ~rrea b lpro
Ala p~ i oe a= aiiea t ~ea9ara< rot
areouat aaa ine coat of soma recrrea =sets eoula mot Da obta~~ea.
xea problema:
rol tf or equ vpme
rt ye tags in gtf and
caP,c a~a~t ssoo rn
~apieal exea~sesai aia as
be practical 9e d tahil ea m ofgh
that. happened ep - 9B8 sbuT
dt deparements implement procedu reso to account Eor
all fixed ass efs in the future.
Scnloitman s
rega ieyPS ¢lpts (n
e„aait aiea t
o prooiemaa oa sne tsaia this commaat wo~ia~beeeelataa e~omtpaye
3eaoe the a~a ie re porel.
scnlotema~ r eeaea t the n blie works
Departments implemen p -numbered receipts for cash.
aid t o follow-up b ing made o
parking £ine~t tana s aid awl arye number axe wrvtten off which
represents lost revenue to the City.
ked a of collecting fines
£or s andbu bills. nbels
Bald e ing s tog pxoceaures
ol.le ct efor ws aid t
ab ill siohadib red Deed cfromt550,00o n
5]0~, 000 orangep [0 530t 000 and he Saida efforts were continuing to
collect all mo ey owed the City.
and congratulated t is staff for
the improvements made in accounting pro edurest
aid formal a nee of t rep would be
placed on the ge da for 5/]/gpta
4. The work session adjourned at ]:20 e
Mayor, City of Longwood. Fta.
ATTE~~SET/:J
ity Clerk