HomeMy WebLinkAbout25-081 Approving the 2024 Annual Financial Report and Managment Letter
4646 Dakota Street SE Prior Lake, MN 55372
RESOLUTION 25-081 Motion By: Lake Second By: Churchill
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 LB Carlson, LLP have been retained by the City Council for this purpose; and, WHEREAS, LB Carlson, LLP has submitted the 2024 Annual Financial Report and Management Letter; and, WHEREAS,
LB Carlson, LLP has issued an unmodified opinion with respect to the City’s 2024 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 2024 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 10th day of June 2025. VOTE Briggs Braid Churchill Lake Heillier
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______________________________ Jason Wedel, City Manager