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Harmony Council receives audit report


Fri, Apr 17th, 2009
Posted in Government



The Harmony City Council approved the audit for 2008 as completed by Smith Schafer and Associates. This is the second year they have done the audit for the city. Ben Turnquist and Jason Boynton presented the audit to the council at their regular meeting on April 14.

Boynton explained the purpose of the audit report is to assure the city that their financial statements are free of misstatement. They had met with City Administrator Jerome Illg in March to go over Harmony's financial statements, as well as the Management Discussion and Analysis (MD&A) which was prepared by Illg.

The presentation went over the expenditures and revenues of the different areas of the budget, as well as the fund balances in these departments. The ending fund balance of the general fund was $432,000, the ambulance had $200,000 and the Community Center project was a negative $236,658 until the debts are paid off. The fire fund has a negative $90,478 due to equipment purchases, and the revolving loan fund has $143,000.

The TIF (Tax Increment Financing) revenue for the city is at $102,908, which is up from $84,000 in 2008. Local Government Aid (LGA) was down 12 percent to $327,527 due to the unallotment in 2008.

Expenditures were up eighteen percent to $126,905. These costs include the new siren that was $10,355, as well as the mayor, council, elections, legal and civil defense costs. Expenditures for the library were up seven percent, and there was a six percent increase in Park and Recreation spending. Capital Outlay for government buildings was $444,000 due to the Community Center improvements.

Boynton also went over the city's reserves, and stated that the unreserved general funds were 82 percent of the total general fund. He said a city should have at least 50 percent unreserved.

The debt service general obligation bonds for housing are at $2.58 million, about one-third of which is Heritage Grove. Boynton explained that Harmony's debts are not burdensome compared with other cities, and he has no worries that the debts cannot be repaid.

Illg said that everything that has the opportunity to be refinanced has been refinanced in recent years.

Council member Dan Tieffenbacher asked Boynton if they could lock in the audit price of $11,500 for the next two years, instead of having to renew the contract every year. Boynton is going to look into that option.

Electrical upgrade and alley improvements

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County recognizes Child Protection Month

Fri, Apr 10th, 2009
Posted in Government

Social Service Director Thomas Boyd and county employees that work child abuse cases informed the board as to the increase in abuse cases at the board's April 7 meeting. Working through child abuse cases can involve cooperation between social worker ..... 
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Preston Historical Society seeks bonding for further elevator restoration

Fri, Apr 10th, 2009
Posted in Government

Richard Petsch updated the council at their April 6 meeting on the efforts to obtain up to $450,000 from the sale of bonds through the state to further renovate the grain elevator to its 1916 condition. The plans include a bagging shed, scale house, ..... 
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Minnesota Farm Bureau applauds passage of Green Acres Bill

Fri, Apr 3rd, 2009
Posted in Government

On Monday, March 30, the Minnesota House passed the Federal Tax conformity and Green Acres conference committee report on a vote of 130-3. On April 1, the Senate also adopted those changes on a vote of 59-5. Farm Bureau would like to thank all Minnes ..... 
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Minnesota Farm Bureau applauds passage of Green Acres Bill

Fri, Apr 3rd, 2009
Posted in Government

On Monday, March 30, the Minnesota House passed the Federal Tax conformity and Green Acres conference committee report on a vote of 130-3. On April 1, the Senate also adopted those changes on a vote of 59-5. Farm Bureau would like to thank all Minnes ..... 
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Rep. Davids supports compromise "Green Acres" fix

Fri, Apr 3rd, 2009
Posted in Government

ST. PAUL - By a vote of 130-3, the Minnesota House of Representatives has approved legislation that makes changes to the state's "Green Acres" property tax program. State Representative Greg Davids (R-Preston) helped approve the measure.

"Th ..... 
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Holmen to serve as Genex beef rep

Fri, Apr 3rd, 2009
Posted in Government

Mark Holmen of Fountain, has joined Genex Cooperative, Inc. as an area beef representative providing personalized genetic and reproductive services while striving to improve the profit potential of beef producers throughout southeast Minnesota.
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KM Cattle Co. joins American Angus Association

Fri, Apr 3rd, 2009
Posted in Government

KM Cattle Company, Lanesboro, Minnesota, is a new member of the American Angus Association®, reports Bryce Schumann, CEO of the national breed registry organization in Saint Joseph, Missouri.

The American Angus Association, with nearly ..... 
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Spring Valley Council hears audit findings, discusses vehicle ordinance

Sat, Mar 28th, 2009
Posted in Government

The Spring Valley City Council met at its newly scheduled time of 6 p.m. on March 23. All council members were present and approved minutes from their March 9, 2009 meeting as well as the final accounts payable report from March.

Tom Welti, ..... 
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