Spring Valley Council approves audit for 2011
Wednesday, April 04, 2012 5:19 AM
The Spring Valley City Council, meeting Monday, March 26, approved the 2011 audit prepared by Smith Schafer & Associates of Rochester.
Tom Wente of Smith Schafer presented the audit to council members, noting that the "funds appear to be in pretty good shape" and that it was "an uneventful year" for the city.
Wente added, "All funds are adequately funded and all outstanding bonds are paid on a timely manner."
General property tax levy collections represented 32 percent of Spring Valley's total government revenues, at $799,158, including the Market Value Credit. The 2011 property tax levy is $878,027. LGA (Local Government Aid) yielded an additional 35 percent at $797,702.
The following were expenditures: general government expenses, $190,325; Public Safety, $346,859; Public Works $485,968; and Parks, $192,670. The library received $44,355 in county aid and had expenses of $22,031.
Wente noted, "Public Works is now the most significant expense. It has grown with the work done in town."
There was $1,239,722 in the general fund at the end of the year and $1,055,059 was spent in 2011.
Wente reported that the library fund had a balance of $144,061. The Park Fund had a balance of $1,713 and the EDA fund a balance of $30,122.
He noted the city no longer has a reserve fund, as the balance was moved to the Capital Improvement Fund for a balance of $774,957.
The council members approved the 2011 audit as presented.
City Administrator Deb Zimmer received two quotes from Spring Valley businesses interested in the job of demolishing the home the city recently purchased from Fillmore County located at 301 Center Avenue
Mayor Jim Struzyk added, "We can't burn the house. It is full of all sorts of stuff. We have to tear it down."
Zimmer noted the quotes were in the "ball park" area she expected. One quote was from O'Connell Excavating in the amount of $10,300. The other quote was from Valley Home Improvement for $13,000. The council approved accepting the low bid from O'Connell Excavating. This quote includes supplying a dumpster, cleaning the house, tearing down the house, removing basement stone walls below ground level and haul away, filling basement in with clean fill, tearing down the garage, tearing up the concrete floor and hauling away and leveling both of the areas then with a skid loader.
Zimmer said that O'Connell Excavating would like to start on the project right away.
Spring Valley Ambulance Service director Jim Cooper recommended the council approve the price increase on Epi-pens from $110 to $125 to reflect the cost increase in the product. The council approved the increased charge.
Although the boundaries for the City of Spring Valley remained unchanged after the state legislative redistricting, the council still had to pass a resolution which noted there was no change. The council approved that resolution.
The council granted a raffle permit to the Sportsmen's Club for its smelt fry later this month.
For her report, Zimmer noted that the annual Board of Review will be held before the next council meeting at 5:30 p.m. Monday, April 9, at city hall. She also shared that the Monday, April 23, council meeting has been rescheduled for Wednesday, April 18, at 5:30. It will begin with a public hearing to discuss an ordinance change to allow two off-sale liquor licenses. A second public hearing for the reconstruction of South Broadway will begin at 6 p.m. that evening. During this meeting a public hearing will also be held on the reconstruction of South Broadway.