HomeMy WebLinkAbout06-101
A/RJ~
~o~ 16200 Eagle Creek Avenue S.E.
U tr1 Prior Lake, MN 55372-1714
~ RESOLUTION 06-101
RESOLUTION APPROVING THE FIRM OF ABDO, EICK AND MEYERS LLP
TO PERFORM THE CITY'S FINANCIAL AUDITS FOR FISCAL YEARS 2006 and 2007.
MOTION BY: LeMair
SECOND BY: Millar
WHEREAS,
The certified public accountant firm of Abdo, Eick and Meyers llP has been
instrumental in improving the administrative controls of the City's financial
operation; and
WHEREAS,
The City of Prior lake has determined that continued accounting assistance
will be important because of the national implementation requirement of
GASB Statement 45 that will require OPEB liability disclosure for other post
employment benefits; and
WHEREAS,
The financial reports of the City of Prior lake's fiscal condition has resulted
in an unqualified opinion for all past audit years; and
WHEREAS,
The proposed annual cost for such audit services over the next two years is
determined to be reasonable and cost effective.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE that:
1. The recitals set forth above are incorporated herein.
2. The City of Prior lake hereby authorizes Abdo, Eick and Meyers llP to perform the
audit services for the following years and cost from the General Fund Operating Budget:
Fiscal Year
2006
2007
General Audit Fee
$18,000.00
$19,000.00
Fire Relief Assn. Audit Fee TIF ReDort Fee
$1,950.00 $1,600.00
$2,000.00 $1,600.00
Passed and adopted this 26th day of June, 2006.
Haugen
Dornbush
Erickson
leMair
Millar
YES
X Haugen
X Dornbush
X Erickson
X leMair
X Millar
NO
{Seal}
r:u L.I_..
City Manager C; 7
City of Prior lake
www.cityofpriorlake.com
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