MUNICIPAL OPERATIONS COMMITTEE

SEPTEMBER 22, 2003

COUNCIL CHAMBER

5:30 P.M.

Convened: 5:45p.m.

Recessed 6:30 p.m.

Present Were: Chairperson Councillor Joseph M. Petty

Councillor Stephen T. Patton

Councillor Konstantina B. Lukes

Also: City Auditor James A. DelSignore

Treasurer Thomas Zidelis

Assistant City Clerk Lisa M. Thomas, clerk

Speakers:

1. N. Brock Romano, KPMG Representative

2. David Gagnon, KPMG Representative

Presentation by Representatives of KPMG LLP regarding recommendations from the Comprehensive Annual Financial Report for the City of Worcester for the year ending June 30, 2002.

Chairman’s Order request the City Auditor to report to the City Council regarding the legal debt margin as of September 30, 2003.

Chairman’s Order request the City Auditor to report to the City Council regarding debts which include capital expenditures for the last ten years.