HomeMy WebLinkAbout19-064 2018 Annual Financial Report
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 19-064
A RESOLUTION ACCEPTING THE 2018 ANNUAL FINANCIAL REPORT AND
MANAGEMENT LETTER
Motion By: Thompson Second By: Braid
WHEREAS, Minnesota Statutues 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 2018 Annual Financial Report and Management Letter;
and,
WHEREAS, MMKR has issued an unmodified opinion with respect to the City’s 2018 financial
statements; and,
WHEREAS, The City staff and City Council have carefully examined the submitted statements
and reports and their contents at a 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 2018 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 by the Prior Lake City Council this 20st day of May, 2019
VOTE Briggs Thompson Burkart Braid Erickson
Aye ☒ ☒ ☒ ☒ ☒
Nay ☐ ☐ ☐ ☐ ☐
Abstain ☐ ☐ ☐ ☐ ☐
Absent ☐ ☐ ☐ ☐ ☐
______________________________
Michael Plante, City Manager