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HomeMy WebLinkAbout08-025 City Audit 2008 - 2009 4646 Dakota Street S.E. Prior Lake, MN 55372-1714 RESOLUTION 08-025 A RESOLUTION APPROVING THE FIRM OF ABDO, EICK AND MEYERS LLP TO PERFORM THE CITY'S FINANCIAL AUDITS FOR FISCAL YEARS 2008 and 2009. MOTION BY: Hedbera SECOND BY: LeMair WHEREAS, The certified public accountant firm of Abdo, Eick and Meyers LLP has been instrumental in improving the administrative controls of the City's financial operation; and WHEREAS, New and comprehensive auditing standards have increased the scope and performance requirements of an independent financial statement audit; and WHEREAS, The financial reports of the City of Prior Lake's fiscal condition has resulted in an unqualified opinion for all past audit years; and WHEREAS, The proposed annual cost for such audit services over the next two years is determined to be reasonable and cost effective. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE that: 1. The recitals set forth above are incorporated herein. 2. The City of Prior Lake hereby authorizes Abdo, Eick and Meyers LLP to perform the audit services for the following years and cost from the General Fund Operating Budget: Fiscal Year 2008 2009 General Audit Fee $24,000.00 $25,000.00 3. The Mayor and City Manager are hereby authorized to execute the agreement letter for auditing services on behalf of the City of Prior Lake: Passed and adopted this 3rd day of March, 2008. Haugen Erickson Hedberg LeMair Millar YES X X X X X NO Haugen Erickson Hedberg LeMair Millar {Seal} Ci~MYJf City of Pri ake www.cityofpriorlake.com :vi\CQU:!CL\RESOLUTi\2008\08-025 City i\udR~O~c44 7.9800 / Fax 952.447.4245