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CONSENT ITEM – 7B <br /> <br />MEMORANDUM <br /> DATE: May 24, 2021 <br />TO: Honorable Mayor and City Councilmembers <br />Dave Perrault, City Administrator <br />FROM: Gayle Bauman, Finance Director <br />SUBJECT: Approve 2020 City Financial Statements and Audit <br />Budgeted Amount: Actual Amount: Funding Source: <br />N/A N/A N/A <br /> <br />Council Should Consider <br />Motion(s) to approve, table or deny the following: <br /> <br />• 2020 City of Arden Hills Financial Report and Audit Results. <br /> <br />All items need a simple majority for action unless otherwise noted. <br /> <br />Discussion <br />The 2020 financial statements and audit results are completed and a presentation was made to the <br />City Council by the City’s auditor, Aaron Neilson of MMKR, earlier this evening. The reports will <br />be submitted to both the State Auditor and the Government Finance Officers Association. <br /> <br />Budget Impact <br />None. <br /> <br />Attachments <br /> None.