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Department Approval: <br />� "�'. ��t <br />REQUEST FOR COUNCIL ACTION <br />Manager Approved: <br />Item Description: Presentation of the 2005 Audit and Financial Statements <br />Date: 5/22/2006 <br />I�em N�o: 6. <br />Agenda Section: <br />E'rc.�tint�itians <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 2005 Annual Financial Report and <br />supporting documents will be provided at the meeting. <br />Jim Eichten, from the firm of Malloy, Montague, Karnowsl�i, 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 />disclosures. <br />Staff will be available for any follow-up questions if necessary. <br />Council Action Requested <br />Motion to accept the 2005 Annual Financial Report. <br />