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3.10. SR 05-22-2000'~ity of River MEMORANDUM Item #3.10. TO: FROM: DATE: SUBJECT: Mayor & City Council Lori Johnson, Finance Director May 22, 2000 Consider Request to Hire Finance Department Intern The finance department is requesting authorization to hire a summer intern to assist with inventorying the city's fixed assets. Although the finance department keeps records on the city's fixed assets, it has been some time since an actual physical inventory has been taken on all of the equipment and vehicles. The information gathered by the intern will be used for insurance purposes and will begin the laborious process of inventorying all assets, including infrastructure, as required by GASB 34. It is proposed that the intern work approximately 350 hours at $8 to $9 per hour for a total cost not to exceed $3,500. The intern must be an accounting major and preferably a college junior or senior. Depending upon the abilities of the intern and the time available, other accounting projects may be assigned. Action Requested The City Council is asked to authorize the finance department to hire an intern with the funds to come from council contingency. s:council/intern 13065 Orono Parkway · P.O. Box 490 · Elk River, MN 55330 · TDD & Phone: (612) 441-7420 · Fax: (612) 441-7425