|6/24/2022 2:54:00 PM|
Stacy Council sees city audit and township net position to compare
by MATT SILVERStacy City Council met June 14 for a regular meeting. All members were present.
The council opened the meeting with a presentation from Dennis Oberloh of Oberloh and Associates. Oberloh was presenting the city’s 2021 audit. Oberloh said the city was compliant in all areas. He then noted the general fund increased from $666,000 to $720,000 including covid aid. Expenditures increased as well from $598,000 to $793,000 with $63,000 of that going to general government, $30,000 to public works and $37,000 to culture and recreation.
Oberloh told the council the general fund balance currently sits at $1,373,993. It is recommended a balance sit no lower than 35 percent of the city’s operating budget. Stacy is currently at 190 percent “in great shape” Oberloh added.
Oberloh said water revenue was down $20,000 but noted that water expenditures were down $30,000. Oberloh said the city paid off $60,000 in the water debt last year.
In sewer funds, Oberloh said revenue was down $20,000 but expenditures were down $50,000 leaving a net operating revenue of $172,000 up from $133,000 the year prior, and $120,000 in bonds were paid off.
Oberloh noted that Stacy has some of the healthiest water and sewer numbers in the state.
Oberloh was approved to analyze Stacy and Lent Township numbers. Lent Township ended the year with a cash position of $716,000 and Stacy with $2.9 million. Oberloh then pointed out Stacy has much more debt than Lent to the tune of $3.7 million to $1.3 million.
The council thanked Oberloh for the audit and the comparative numbers. Mayor Mark Utecht said it helps the council get a better feel of what’s going on” with Lent and Stacy with the merger.
In the engineer’s report, city engineer Dan Boyum gave a run down of happenings since the last meeting. He told the council the 307th street project got the first bitumous lift last week. Boyum then told the council the county would be awarding bids for Stacy Trail for a mill and overlay project.
Boyum then presented the council with a change order for the street utility project along with a payout request. The payout request was for $141,898 which included the change order for $78,000. The $78,000 was for geotextile fabric and breaker run rock for 307th street. The contractor encountered wet soils and the rock and fabric were needed under the pipe.
After being questioned by Mayor Utecht, Boyum noted the project has come in $239,802 over budget. Utecht said he “was not happy. Somebody missed something about the soils and overlooked this. He said, "I am not happy absorbing these costs. Someone should have done a better job researching the soils. I need better answers as to why this couldn’t have been prevented.” Utecht added. “Someone has to share these costs with us.”
Boyum agreed to discuss the matter with his company Stantec and Dresel Contracting to see if a resolution could be found.
Utecht thanked Boyum and Dresel for getting the first layer of pavement down on 307th Street.
The council and Boyum then discussed the curb and gutter along 311th street. Some residents have complained the curbs are too high and are scraping their vehicles. Total cost to fix the five driveways request would total $6,681. The council agreed to send a letter to all residents on 311th street asking for specifics on what they would like done. All responses would need to be back to the city before the July meeting.
The council finished the meeting agreeing to place signage at Doyle Fields and at Lions Park banning alcohol on the premises. Alcohol is allowed only if sold by someone holding a permit with the city, such as the Lions.
The meeting adjourned at 8:35 p.m.