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ARDEN HILLS CITY COUNCIL—JUNE 27, 2016 2 Mayor Grant read a proclamation recognizing Sue Schroeder for her 20 years of dedicated service to the Communications Committee. He noted a bench has been placed in Crepeau Park in Ms. Schroeder's honor. He presented Ms. Schroeder with a framed copy of the proclamation and a round of applause was offered by all in attendance. Councilmember Holden thanked Ms. Schroeder for her involvement in the newsletter years ago and stated she appreciated her professionalism and writing ability. Councilmember Holmes also thanked Ms. Schroeder and her family for being in attendance. She appreciated the entire family's assistance with the newsletter over the years. Mayor Grant stated the Arden Hills Notes would live on because of Ms. Schroeder's dedication to this publication. B. 2015 Financial Statements Aaron Nielsen, MMKR, reviewed the City's 2015 Financial Statements in detail with the Council. He discussed the City's Comprehensive Annual Report, the Special Purpose Audit Report, and the Management Report. He congratulated the City for receiving an unmodified or clean opinion. He commented on the City's revenues and expenses for 2015 on a per capita basis, along with year end fund balances. As there were no further questions, Mayor Grant thanked Mr. Nielsen for his presentation. C. MnGFOA Financial Award Presentation Sue Virnig, MnGFOA, presented the City and Sue Iverson with a Certificate of Achievement for Excellence in Financial Reporting, the Outstanding Achievement in Popular Annual Financial Reporting, and the Distinguished Budget Presentation Award and congratulated the City on its great financial work. She stated these certificates were the highest form of recognition for governmental accounting. Ms. Virnig was pleased to report this was the City's seventh consecutive year for receiving the Distinguished Budget award and the ninth consecutive year for the Popular Annual Financial Reporting and CAFR award. She explained Arden Hills was one of three cities to receive all three awards. She stated this record reflects a high level of dedication to the City's finances and administrative services. She congratulated Ms. Iverson and her staff for receiving these awards. Mayor Grant congratulated Sue Iverson and the entire Finance Department for their efforts. He was proud of the excellence displayed by this department on behalf of the City. A round of applause was offered by all in attendance. Interim City Administrator and Director of Finance and Administrative Services Iverson stated achieving this recognition was a group effort. She thanked each member of City staff and City Council for their contributions.