HomeMy WebLinkAbout7A - Financial Gold Standards. o~ PRjo~
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~ ~ 4646 Dakota Street S.E.
u x Prior Lake, MN 55372-1714
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CITY COUNCIL AGENDA REPORT
MEETING DATE: SEPTEMBER 21, 2009
AGENDA #: 7A
PREPARED BY: JERILYN ERICKSON, FINANCE DIRECTOR
AGENDA ITEM: 2008 FINANCIAL GOLD STANDARDS
PRESENTATION: The Financial Gold Standards are included in the 2030 Vision and Strategic
Plan. The Financial Gold Standards are prepared each year as a tool to aide in
communicating the fiscal performance and condition of the City to residents.
Certain aspects of the 2008 Financial Gold Standards were originally
communicated as a part of the audit presentation made by our auditors, Abdo,
Eick & Meyers, in May 2009.
In light of the economic downturn and the corresponding budget challenges we
are facing for 2010, it is important to revisit the Gold Standards to see how we
have benefited from having them in place and how they will be impacted going
forward.
The Financial Gold Standards will be published in the Fall edition of the
Wavelength which is scheduled to be included in the October 3 issue of the Prior
Lake American. /
www. cityofpriorlake. com
ounce gen a epos ' ~ Fax 9 2.447.4 4
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