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November 5, 2011     Times
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November 5, 2011
 

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City Audit Reviewed By Mike Laldn A representative of the city's audit firm attended the Oct. /8 meeting. The City Council heard the results of the recent audit and was pleased with the results. The city received a spar- kling clean bill of financial health. The 45-page audit had no issues that the city needed to address. With its $1.4 million in assets, the city has $1.4 million in untapped legal debt margin. The Council was told they had accom- plished something other governments can envy. The city finances came in under budget. At a time of government financial problems around the state, country, and world, the city is in very good financial shape. The City Council's conserva- tive fiscal approach to spending has kept the city in the black. In Other City Business City Treasurer Jim Sutton reported city deposits were $29,590.17 fom Oct. 12 through Oct. 18. That included fines of $1,347.95. The city's appropriation was reviewed and passed by the Council. Replacement of hailed damaged city roofing was moved to November meting. City is awaiting the adjustor's written report. The oil and chipping of city- streets went over the project budget by $6,000 $7,000. The Council passed a resolution to cover the overage in the Motor Fuel Tax budgeL Well project is on hold. The new city well work will commence when the EPA issues the construc- tion permit. Leaf pickup is in high gear. City employees have been concentrating on leaf pickup and other city work is on hold. The new main work to move the main line is fled up awaiting an easement from a landowner. Court action may be needed to obtain the easement. Public Works Director Mike Patridge reported the electrical work at the Elkhart lift station is 80% complete. Further work at the station is "at the mercy of leaf pickup", Mike said. The recent hydrant flushing revealed the water was cleaner than usual. Mike said that's a good thing. The water was so clean that no one called the city about discolored water during the hydrant flushing. Mike noted a tractor- trailer took a bad turn off 54. The driver missed his turnat Stahl's and the GPS told him to make the turn off 54 near the fertil- izer plant. The cab of the truck got stuck on the rail- road tracks and the trailer partially blocked 54. Just another example of relying on GPS, but not being aware of geographi- cal anomalies. Next Meeting Next City Council meet- ing is Tues. Nov. 8 at 6:30 p.m. in City Hail. Matador Collapse Causes Further Damage The back of the "Mata- dor" building came tum- bling down into the alley. At least it wasn't the entire back wall. While a private contrac- tor was working on the building, the damaged part of the west wall fell into the adjoining build- ing occupied by Deron Powell's State Farm Insur- ance Office. Did You Know - Warren Buffer reportedly made $63 Million last year and paid 11% of it in federal taxes. Nov. 5, 2011 The ,falling wall went through the back third of Deron's office resulting in the evacuation of the office. Ameren responded to a call and all utilities were shut off. Deron is in the process of making arrangements to tempo- mrily relocate operations - at least that was the plan Tuesday (Oct. 31 ). One quarter of all U.S. million- aires pay a lower tax rate than most people in the middle dass. The damaged structures are not on the "city radar" at this point in time as a safety issue. The alley behind the buildings has been blocked off. The Fire Department responded to the collapse, and monitored the situa- tion through the afternoon. No one was injured. The "twin" structures are over 150-years old. Times Photos An 11 year old boy has enrolled at the University of Minnesota. Do You Know Who You Can Trust? It's a hard choice in today's financial marketplace. With so many banks and other financial companies trying to get your business, it's hard to know who really has your best interest at heart. What's the solution? Placing your trust in A Real Community Bank solves that problem. Because only banks qualified to display this banking seal of approval are dedicated to hometown values 'and hometown commitment. As A Real Community Bank, we're committed to the community where we live and work. Committed to making all our decisions locally and remaining focused on the needs of our customers and community. Come visit and tell us how we can serve you. 130 S. Washington St. - Mt Pulaski THE: FARMERS. aaa B A N K Ol41mg     -3tm 187 792-5211 www.farm-bank.com Did You Know - A marathon runner in England was disquali- fied after people saw him riding a bus on the route. Mt. Pulaski Times A House bill would criminalize satirizing the TSA. Mexico will be selling desalinated drinking water to the U.S. Harrisburg, Pennsyl- , The Gap is planning vania is filing for bank- on closing a third of : ruptcyprotection. ; , eirstorastheUS Microsoft says that One in eight parents any PV viruses are the go &lEne, bef0re taking fault of the user. their kids to the ER. 3