HomeMy WebLinkAbout03-107 IRESOLUTION 03-107
SO lNG THE FIRM OF ABDO, EICK AND MEYERS LLP
TO THE CITY'S FINANCIAL AUDITS
FOI ~ FISCAL YEARS 2003-2005.
Motion By: PETER~tEN Second By: ZIESKA
WHEREAS the certified public accour tant firm of Abdo, Eick and Meyers LLP has been instrumental in
improving the administrati/e controls of the City's financial operation; and
WHEREAS the City of Prior Lake las determined that continued accounting assistance will be
important because of the national implementation requirement of GASB Statement 34 that
will require new accour~ling formats and the capital cost preparation of major road
infrastructure; and
WHEREAS, the financial reports of the City of Prior Lake's fiscal condition has resulted in an unqualified
opinion for the past three /ears; and
WHEREAS the proposed a~nual cost for such audit services over the next three years is determined to
be reasonable and cost-e fective.
NOW THEREFORE, BE IT RESOLVE D BY THE CITY COUNCIL OF PRIOR LAKE, MINNESOTA that:
1. The recitals set forth above are inc ~rporated herein.
2. The City of Prior Lake hereby exer :ises its option to engage Abdo, Eick and Meyers LLP to ped'orm
the audit services for the following ears and costs:
Fiscal Year General A~ ~dit Fee Fire Relief Assn. Audit Fee TIF Report Fee
2003 $11,7 :)0 $1660 $850
2004 $12,050 $1710 $850
2005 $12,4 :)0 $1760 $850
3. The Mayor and City Manager are ~ uthorized to execute the agreement on behalf of the City.
PASSED AND ADOPTI iD THIS 16th DAY OF JUNE, 2003.
YES
Haugen X Haugen
Blomberg × Blomberg
LeMair X LeMair
Petersen X Petersen
Zleska X Zleska
City Manager, City of Prior Lake
16200 Eagle Creek Ave. S.E., Prior Lake, 14innesota 55372 1714 / Ph. (952) 447-4230 / Fax (952) 447-4245
~,N EQUAL OPPORTUNITY EMPLOYER