Laserfiche WebLink
REQUEST FOR COUNCIL ACTION <br /> Date:June 20, 2022 <br /> Item No.: 7.a <br />Department Approval City Manager Approval <br /> <br />Item Description: Receive Annual Comprehensive Financial Report, Auditor Communication <br />Letter, and Reports on Compliance for Fiscal Year Ending December 31, 2021 <br />1 B ACKGROUND <br />2 State Statute requires an annual presentation of the City’s year-end financial report by an independent <br />3 auditor. The purpose is to provide a forum for which an independent report can be made directly to <br />4 elected officials with regard to the City’s financial operations. <br />5 <br />6 Rebecca Petersen, from the firm of Redpath and Company, LLC will be present to provide an overview <br />7 of the Annual Reports, as well as the audit process and anyrequired disclosures or findings. <br />8 <br />9 Staff will be available for any follow-up questions if necessary. <br />10 P OLICY O BJECTIVE <br />11 The presentation of the annual report is required by State Statute. <br />12 F INANCIAL I MPACTS <br />13 Not applicable. <br />14 S TAFF R ECOMMENDATION <br />15 Staff recommends the Council formally accept the 2021 Annual Comprehensive Financial Report and <br />16 Audit Reports. <br />17 R EQUESTED C OUNCIL A CTION <br />18 Motion to accept the 2021 Annual Financial Reports. <br />19 <br />Prepared by: Michelle Pietrick, Finance Director <br />Attachments: A: 2021 Annual Comprehensive Financial Report and Auditor Reports <br /> B: Copy of audit presentation PowerPoint slides <br />20 <br />Page 1 of 1 <br /> <br />