The Common Council held a work session on July 6, 2026, at 6:30 PM in the Common Council Chamber. The meeting featured three presentations – the 2025 audit, capital projects updates, and a proposed youth arts program – followed by discussion of 11 agenda items covering finance, public safety, planning, and community engagement. The council took no final votes, but authorized staff to bring multiple resolutions for approval at the next meeting and scheduled public hearings for future dates.
2026. We have a couple of presentations and then quite a few agenda items to get through this evening. And after that, we will go into an executive session for discussion of matters concerning the medical, financial credit, or employment history of a particular person, persons, or corporation, or matters leading to the appointment, employment, promotion, demotion, discipline, suspension, dismissal, or removal of a particular person, persons, or corporation. So at this time I will turn it over to our city. Okay. Good evening, Mayor and Council. Good evening. Tonight we have our auditors from O'Connor Davies. I'll call you PKF. And they're going to talk to us. So Tony Tracy are comptroller will introduce them and they're going to talk to us about the audited results for 2025. Good evening, Mayor and City Council. Good evening. So we have Jeff Shaver and Carolyn Kopp from O'Connor Davies here to discuss the 2025 audit and the financial statements. Good evening. Thank you for the introduction, Tony, members of the City Council. Good evening, uh my name is Jeff Shaver, partner with PKF O'Connor Davies. Happy to be here to present the results of the audit for the fiscal year ended 2025. In terms of the agenda, I'll give you a very brief overview of the audit and then I'll take you through some financial highlights. We'll focus mostly on the general fund. We'll touch on your other funds briefly and cap off by talking about your debt service. Um in terms of the audit, we like to delineate management's responsibilities versus our responsibilities as the auditors. And essentially, management is responsible for the fair presentation of the financial statements. That includes uh selecting and implementing the appropriate accounting policies, presenting the statements in accordance with U.S. GAAP, establishing and maintaining effective internal controls, compliance with laws, regulations, and provisions of contracts, and providing us with all uh records that we request as your auditors. We as auditors are primarily responsible for forming and expressing an opinion on the financial statements. We've issued what's known as an unmodified opinion on the financial statements. Sometimes we refer to that as a clean opinion, and that's the most favorable opinion that you can receive. That means that the financial statements are fairly stated in all material respects, and the note disclosures are consistent uh with the previous year and accurately stated. We also perform tests of the city's compliance with provisions of laws, contracts, and grants. We also have to do uh what's known as the compliance audit in accordance with the uniform guidance. Uh that's a federal requirement that if for any entity that expends more than a million dollars in federal expenditures in any given year. Uh we've issued a clean audit report on that as well. Uh we're required to communicate any deficiencies and internal controls that we consider to be material weaknesses or weaknesses that uh the city council would want to be aware of, and um, you know, management would need to take for medial action. Happy to report. None no material weaknesses are reported. Um we would be required to communicate any fraud or legal acts that we either came upon or became aware of. I'm happy to report there, there are none to report. Uh there were no significant difficulties in the conduct of our audit. Um Tony and the Comptroller's office uh made it a uh a smooth uh process for us. We received everything that we requested, and um overall the process was relatively smooth, and we didn't have any disagreements with management. And we as auditors are required to be independent with respect to the city and and we are okay. So getting into some financial highlights. This is the general fund. Revenues and expenditures compared to the budget. So this is very high level. I'll take you into some more details on the next slides. Uh the top of the line is the revenues. Before I start with the numbers, it's it's four columns here with the original budget in your first column. The final, the second budget is the final budget that would encompass any approved transfers or amendments made during the year.