B Audit ReportCITYOF
690 City Center Drive
PO Box 147
~hanhassen, Minnesota 55317
Phone
952.937.1900
General Fax
952.937. 5739
~ngineering Department Fax
952.937.9152
Building Department Fax
952.934.2524
Web Site
www. ci. cha,hassen, mn. us
MEMORANDUM
TO:
FROM:
Mayor
City Council
Bruce M. DeJong, Finance Director
DATE: July 18, 2001
SUBJECT:
Audit Report
The audit for the City of Chanhassen has been a longer process than normal this
year. We have been cleaning up several items that have been left unresolved for
years and gaining a better understanding of each of the items on our balance sheet.
HLB Tautges, Redpath has had an excellent crew working on our audit and have
provided a lot of accounting assistance, since we have an empty accountant
position.
The preliminary audit report will be presented by Dave Mol on Monday. He will
provide some handouts at the meeting and be available for questions after the
presentation. Dave has also done some preliminary work on our TIF reports
which he will also talk about on Monday evening.
The year-end results look very similar to what I have been predicting as far as the
General Fund is concerned. We added $556,000 to the fund balance, which is
comprised of approximately $300,000 revenue more than budgeted in building
permit fees and $256,000 which is our share of the excess TIF that was returned to
Hennepin County late last year.
City of Chanhassen. A growht~, commu,/n, w/#J £kllll hke$. mM/tv schooh, a cha~rnh~¢ downtown, t/_,'i~Jinv busi, esses, and beautihd harks. A vreat o/ace to live. work. a,d