County board makes financial policy changes

It was a quick meeting of the Carver County Board on April 15, as the Board had just three active agenda items to discuss.

To begin the meeting, the commissioners were introduced to the newest assistant county administrator, Tom Vellenga, who comes to Carver County after some time as founder and president of Heartland Democracy.

First on the active agenda was a presentation from the Carver County Sexual Violence Center, who provided their annual update.

The SVC, who’s office is located on the second floor of the old mill building (500 Pine St. N, Suite 203, above Cy’s) in downtown Chaska, has been working in Carver County since 1987 and acts as a victim-centered organization that provides free services to anyone over the age of 12 that has been a victim of sexual violence.

The center offers a 24-hour crisis line and advocates are available to help victims in whatever way possible, whether helping them to report to police, go to the government center for orders or protection or restraining orders, short-term counseling, or whatever the victim feels he or she needs.

Weather permitting, the SVC planned to hold its ninth annual Candlelight Vigil at City Square Park in Chaska in the evening of April 17, to honor victims and survivors of sexual violence, their families, and friends.

Also at the April 15 meeting, the Board approved recommended changes to the county’s Financial Policy Manual. Finance Director David Frischmon described how the county’s investment portfolio must be adjusted to current market values. The mark-to-market adjustment for Carver County in 2013 was a negative $4.3 million, larger than in years past due to rising interest rates during 2014.

The Board discussed options at a work session in January and approved recommended changes April 15 including reducing the percentage of fund balance at year end and providing direction to county staff to manage mark-to-market adjustments monthly.

The percentage of fund balance was resident from 37 to 35 percent, which will partially offset the impact from the $4.3 negative adjustment (a one-time financial impact).

To end the meeting, the Board entered into a closed session to discuss eminent domain proceedings related to the upcoming CSAH 18 (Lyman Blvd) reconstruction in Chanhassen between Audubon Road and Power Boulevard.

In the April 15 consent agenda the following items were approved:

• donations for the Carver County 2014 Healthy & Safety Fair

• a letter of understanding with the state, defining the eligibility and use of county turn back funds for the Southwest Reconnection Project

• to contract with the Board of Water & Soil Resources for Clean Water Legacy Funds. The Carver County Water Management Organization applied for four CWL grants and will receive three, totaling $390,000.

The next meeting of the Carver County Board will be Tuesday, May 6 at 9 a.m.

 

Contact Melissa Marohl at melissa.marohl@ecm-inc.com

 

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