Laserfiche WebLink
Request for Action <br />ver <br />To <br />Item Number <br />Mayor and City Council <br />7.1 <br />Agenda Section <br />Meeting Date <br />Prepared by <br />Presentations, Awards, <br />June 1, 2015 <br />Tim Simon, Finance Director <br />& Recognition <br />Item Description <br />Reviewed by <br />Comprehensive Annual Financial Report for the <br />Cal Portner, City Administrator <br />Reviewed by <br />Year Ended December 31, 2014 <br />Action Requested <br />The City Council is asked to approve, by motion, the Comprehensive Annual Financial Report for the <br />City of Elk River for the year ended December 31, 2014. <br />Background /Discussion <br />Annually, the city is required to have an independent audit of its financial statements in which the audit <br />firm issues an opinion on the financial statements. <br />Andrew Berg, Governmental Services Partner with Abdo, Eick, & Meyers will present a PowerPoint <br />presentation of the city's 2014 Comprehensive Annual Financial Report (CAFR) and audit results. The <br />presentation on the CAFR will review the general fund activity, some of the special revenue funds, and all <br />the enterprise funds. Much of this information is summarized in the City of Elk River Management <br />Letter. <br />The Fire Relief report will be briefly discussed as a formal presentation was made at the quarterly board <br />meeting on June 1st. <br />The CAFR will be available on the city's website shortly after this Council meeting. <br />Financial Impact <br />N/A <br />Attachments <br />• City of Elk River Management Letter <br />• Comprehensive Annual Financial Report for the year ended December 31, 2014 <br />• Other Required Reports (Legal compliance) <br />• Elk River Fire Department Relief Management Letter <br />• Elk River Fire Department Relief Association Financial Statements and Supplementary <br />Information <br />P0WIeEa 0 <br />Template Updated 4/14 INAWRE1 <br />