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2011_0516_packet
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2011_0516_packet
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14 <br />15 <br />18 <br />19 <br />20 <br />Rf- <br />REQUEST FOR COUNCIL ACTION <br />*ate: 05/16/11 <br />Item <br />City Manager Approval <br />Item Description.- Receive the 20 10 Audit Report and Financial Statements <br />BACKGROUND <br />State Statute requires an annual presentation of the City's year-end financial report by an independent <br />auditor. The purpose is to provide a forum for which an independent report can be made directly to elected <br />officials with regard to the City's financial operations. A copy of the 20 10 Annual Financial Report along <br />with other various reports will be distributed at the meeting. <br />Jim Eichten,, from the firm of Malloy, Montague, Karnowski,, and Radosevich,, and Company, P.A., will be <br />present to provide an overview of the Annual Report, as well as the audit process and any required <br />dlisclosures. <br />Staff will be available for any follow-up questions if necessary. <br />POLICY OBJECTIVE <br />The presentation of the annual report is required by State Statute. <br />FINANCIAL IMPACTS <br />Not applicable <br />STAFF RECOMMENDATION <br />Staff recommends the Council formally accept the 20 10 Audit Report and Annual Financial Report <br />REQUESTED COUNCIL ACTION <br />Motion to accept the 20 10 Annual Financial Report <br />Prepared.by: Chris Miller, �Finance Director <br />Attachments: A: None <br />Page I of I <br />
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