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Council hears flood-related finance strain, approves bills totaling more than $305,000
Summary
Finance Director reported the CETA audit is complete and that flooding has stretched city funds; the council approved bills including checks 45150–45168 for $177,738.66 and EFTs totaling $127,694.80.
The Finance Director reported completion of the CETA audit and that the annual report had been completed and distributed to council members for review. Mollie Bost said city finances are currently stretched because of flooding and that future insurance and FEMA reimbursements should improve the position; as a result the city will defer major projects.
The council approved payment of bills including "checks numbered 45150 through 45168 in the amount of $177,738.66 and voided check 44874, EFTs totaling $127,694.80." Councilmember Richard Postma moved to pay the bills and Councilmember Todd Daniels seconded; the motion carried unanimously. The minutes also record that the Finance Committee met and discussed the city's finances and recommended deferring major projects until reimbursements arrive.
