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Elk REQUEST FOR ACTION <br /> River <br /> To Item Number <br /> Mayor and City Council 6.1 <br /> Agenda Section Meeting Date Prepared by <br /> Awards/Reco tions/Presentations June 3, 2013 Tim Simon, Finance Director <br /> Item Description Reviewed by <br /> Comprehensive Annual Financial Report (CAFR) and Audit Cal Portner, City Administrator <br /> Results for the Year Ended December 31, 2012 Reviewed by <br /> Action Requested <br /> Accept by motion,the CAFR for the City of Elk River for the year ended December 31, 2012. <br /> Background/Discussion <br /> Andrew Berg, Governmental Services Partner with Abdo,Eick, &Meyers will present a PowerPoint <br /> presentation of the city's 2012 CAFR and audit results. The CAFR presentation will review the general <br /> fund activity, some of the special revenue funds, and all the enterprise funds. Much of this information is <br /> summarized in the Management Letter. The Fire Relief report will be briefly discussed as a formal <br /> presentation was made at the quarterly board meeting on May 29. The CAFR will be available on the city <br /> website after the meeting. <br /> The following are some highlighted areas of the CAFR and corresponding page numbers. <br /> Transmittal letter—page 1-3 <br /> Certificate of Achievement for Excellence in Financial Reporting—page 4 <br /> Independent Auditor's report—page 7-8 <br /> Management's Discussion and Analysis—page 9-18 <br /> Enterprise Funds—page 27-34 <br /> Statistical Section—page 87-116 <br /> Please let finance know if you would like a hard copy of any of the reports. <br /> Financial Impact <br /> None <br /> Attachments <br /> • Comprehensive Annual Financial Report for the year ended December 31, 2012 <br /> • Other Required Reports (Legal compliance) <br /> • City of Elk River Management Letter <br /> • Elk River Fire Department Relief Association Financial Statements and Supplementary <br /> Information <br /> • Elk River Fire Relief Management Letter <br /> P 0 w E A E 0 0 T <br /> N:\Public Bodies\Agenda Packets\06-03-2013\Fina1\x6.1 sr Auditpresentation.doc INAT- UREI <br />