08/07/1986 Meeting Minutes - Laserfiche WebLink

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v MINUTES OF THE SPECIAL MEETING OF THE. COUNCIL OF THE CITY OF NORTH OLMSTED AUGUST 7, 1986 Present: President Pro Tem Thos 0`Crady, Councilmen Lackey, McKay, Saringer, Tallon. Also present: Mayor Yvonne Petrigac-, Finance Director Edward Boyle, Clerk of Council Florence Campbell... Absent: Council President Woerpel, Councilmen. Rademaker and teTi~.amosky.. Special Council Meeting was called to order by Presdent_Pro Tem O'Grady at 8:00 P.M., in Council Chambers, 5200 Dover Center Road. President Pro Tem O'Grady announced that in the absence of President Woerpel, he would chair tonight's council meeting. Also,. Ordinance No. 86~-66, an. amendment to the Zone Map, changing a Single Residence A District to a Mixed Use A District, will be added to the agenda and placed on second reading. Mr. Lackey moved to amend ,the agenda to allow a report from. Finance Director Boyle at this time, second by Mr. McKay, unanimously approved. Finance Director Boyle reported:. 1) The Arthur Young and Company audit is coming to a close. This audit is .the conversion audit to convert from cash basis accounting to an accrual basis, which is ,the recognized method pre- scribed by the State of Ohio. In changing to the accrual basis,. .the city-must show accounts receivable, accounts payable and inventories. North Olmsted has not done inventories in the past,.mainly because .they were not prescribed,. Has been trying to get some of the inventories done .this year --.parts inventories and fixed assets inventories. They have not been completed;. has not received anything from the Service Garage.. To continue the audit now, allowing the Ser- vice Department to complete its parts inventories, .then bring the auditors back to check the inventory, have the supervisors check it and .then .the state check it, could cost the city anywhere from $2,000 to $.10,000 in additional costs. To avoid this expense, Finance Director asks .the council to accept a qualified audit for the city - qualif ied only in respect to inventory.. This does not mean that the council is accepting the audit since it has nothing in front of it to accept at this time; this would limit the scope of the audit by the exclusion of the inventory and thus would provide for a qualified audit. After further discussion, Mr. McKay moved council accept a qualified audit in the area of in- ventory only, second by Mrs. Saringer. Roll call on motion: Affirmative vote: Lackey, McKay, Saringer, Tallon. Negative vote: O'Grady. 4 Aye - 1 Nay - Motion carried. Mrs. Saringer, Chairman Building, Zoning and Development Committee, reported: 1) BZD Committee met July 29th with Mrs. Saringer and Mr. Tallon in attendance; Mr. Rademaker was absent. Also present were Councilman Lackey, Building Commissioner Spino and Dave McDermott from Engineering Department. The following proposals were discussed: