HomeMy WebLinkAbout15-094 2015 Annual Finance Report and Management Letter O� p�O+P
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4646 Dakota Street SE
`t12v7vsse. Prior Lake, MN 55372
RESOLUTION 15-094
A RESOLUTION ACCEPTING THE 2014 ANNUAL FINANCIAL REPORT AND MANAGEMENT LETTER
Motion By: Morton Second By: Thompson
WHEREAS, Minnesota Statutes requires that the city's financial records be annually audited; and,
WHEREAS, the annual audit is conducted in conformance with generally accepted accounting principles;
and
WHEREAS, the purpose of the audit is to express an opinion about whether the financial statements
prepared by the city are fairly presented in all material respects in conformity with accounting
principles generally accepted in the United States of America; and,
WHEREAS, the firm of Malloy, Montague, Karnowski, Radosevich and Co. P.A. (MMKR) have been
retained by the city council for this purpose; and,
WHEREAS, MMKR has submitted the 2014 Annual Financial Report and Management Letter; and,
WHEREAS, MMKR has issued an unmodified opinion with respect to the city's 2014 financial statements;
and,
WHEREAS, the city staff and city council have carefully examined the submitted statements and reports
and their contents at a work session and regular city council meeting
NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE,
MINNESOTA as follows:
1. The recitals set forth above are incorporated herein.
2. The city council hereby accepts the 2014 Annual Financial Report and Management Letter.
3. The staff is hereby directed to submit the reports to the Office of the State Auditor.
PASSED AND ADOPTED THIS 26th DAY OF MAY, 2015.
VOTE Hedberg Keeney McGuire Morton Thompson
Aye ® ® ® ® ►�
Nay ❑ ❑ ❑ ❑ ❑
Abstain ❑ ❑ ❑ ❑ ❑
Absent ❑ ❑ ❑ ❑ ❑
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Frank Boyfe'ity Manager