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City Receives Favorable Audit Report
The Meadowlakes City Council met for its scheduled meeting on Tuesday, March 21st at which time it heard a presentation of the 2016 Comprehensive Annual Financial Audit the fiscal year ending on September 30, 2016, from Certified Public Accountant Keith Neffendorf of the independent auditing firm of Neffendorf & Knopp, P.C. of Fredericksburg, Texas.
During the presentation, Mr. Neffendorf stated that his firm was giving the City an "unmodified and clean opinion" through every operation under the scope of the City of Meadowlakes.
Financial Highlights:
- The assets of the City exceeded its liabilities by $4,542,921 (net position). Of this amount, $722,991 (unrestricted net position) may be used to meet the City's ongoing obligations.
- The City's net position increased by $229,476 as a result of the year's operation.
- The City's Combine Governmental Funds ended the year with $384,354, an increase of $4,256
- The City's Public Works Fund reported an unrestricted net position of $475,327, a decrease of $79,888 (this is due to the early retirement of a loan for the construction of the new water storage tank)
- The City's Recreation Fund reported an unrestricted net position of ($24,994), a decrease of $39,835 due to the booking of $40,708 in equipment depreciation.
The Council approved the Audit report as presented
by unanimous vote.
In other action, the Council heard a request from Mr. Johnny Campbell, Executive Director of the Marble Falls Area EMS, Inc. regarding the Council's continued support of the Burnet County Everyone Always Rides Safe (BEARS) program sponsored by the Marble Falls Area EMS, Inc. The BEARS program provides resources and education for families about child passenger seat safety. The program also provides, free of charge, a child car seat to any individual in need of one. In 2016 they distributed 173 child safety seats in the Marble Falls area and held several car seat safety check events, during which 79% of the seats were found to be improperly installed.
In 1991, the Texas Legislature created the "Child Safety Fund" which allows counties to collect up to $1.50 per year from vehicle registration. The Funds are distributed based on the City in which the vehicle is registered. The funds collected must be used for legislatively mandated purposes which include any program designed to enhance child safety, health, and nutrition. The City received its first funding from this program in 2016, and all funds received were donated to the Marble Falls Area EMS, Inc. for the BEARS program. The Council unanimously approved the continued donation of all funds received under the State of Texas "Child Safety Fund" to the Marble Falls Area EMS, Inc. for 2017 for this purpose.
The Council also unanimously approved an interlocal agreement with Burnet County for assistance in improving drainage facilities at the wastewater treatment plant. Burnet County Precinct 4 Commissioner, Joe Don Dockery, was present to answer any questions.
The monthly consent items were approved, including the February 21st minutes, various staff reports and financial reports. Staff briefed the Council on several ongoing projects, among them the following:
- Expansion of the golf course irrigation system to the driving range
- Renovation of the sewage pump station located at the wastewater treatment plant
- Planned drainage improvements at the wastewater treatment plant
The next regularly scheduled City Council meeting will be held on April 18th at 5PM
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