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4646 Dakota Street SE
Prior Lake. MN 55372
CITY COUNCIL AGENDA REPORT
JUNE 21, 2010
7B
JERIL YN ERICKSON, FINANCE DIRECTOR
JERIL YN ERICKSON, FINANCE DIRECTOR
2009 FINANCIAL PERFORMANCE STANDARDS
The Financial Performance Standards are included in the 2030 Vision and
Strategic Plan. The Financial Performance 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 2009 Financial
Performance Standards were originally communicated as a part of the
audit presentation made by our independent auditors, Abdo, Eick &
Meyers, in May 2010.
In light of the economic downturn and the corresponding budget challenges
we are facing for 2010, it is important to revisit the Performance Standards
to see how we have benefited from having them in place and how they will
be impacted going forward.
The Financial Performance Standards will be published in the Summer
edition of the Wavelength which is scheduled to be included in the July 10
issue of the Prior Lake American.
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R\CoLlncil\2010 Agenda Reports\06 2110\Financial Performance Standards Presentation.doc