HomeMy WebLinkAbout24-065 Resolution Approving the 2023 Annual Financial Reprt and Managment Letter
4646 Dakota Street SE Prior Lake, MN 55372
RESOLUTION 24-065 RESOLUTION APPROVING THE 2023 ANNUAL FINANCIAL REPORT AND MANAGEMENT LETTER Motion By: BURKART Second By: BRAID
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 2023 Annual Financial Report and Management Letter; and,
WHEREAS,
MMKR has issued an unmodified opinion with respect to the City’s 2023 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 2023 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 11th day of June 2024.
VOTE Briggs Braid Burkart Churchill Lake Aye ☒ ☒ ☒ ☒ ☒
Nay ☐ ☐ ☐ ☐ ☐
Abstain ☐ ☐ ☐ ☐ ☐
Absent ☐ ☐ ☐ ☐ ☐
M:\2- City Clerk\City Council\Resolutions\2024\24-065 Resolution Approving the 2023 Annual Financial Reprt and Managment Letter .docx 2
______________________________ Jason Wedel, City Manager