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The Elk River Vision <br />A welcoming community with revolutionary and spirited resourcefulness, exceptional service, and community <br />engagement that encourages and inspires prosperity <br /> <br /> <br />Request for Action <br /> <br />To <br />City Council <br />Item Number <br />6.2 <br /> <br />Meeting Date <br />June 3, 2024 <br />Prepared By <br />Lori Stich, Finance Manager <br /> <br />Item Description <br />Annual Comprehensive Financial Report for Year <br />ended December 31, 2023 <br />Reviewed by <br />Lori Stich <br />Joe Stremcha <br />Cal Portner <br />Tina Allard <br /> <br />Action Requested <br />Accept, by motion, the Annual Comprehensive Financial Report for the City of Elk River for the year ended <br />December 31, 2023. <br /> <br />Background/Discussion <br />The city is required to have an annual independent audit of its financial statements in which the audit firm <br />issues an opinion on the city’s financial statements. <br /> <br />BerganKDV conducted the city’s audit for the year 2023 and will present a summary of the 2023 financial <br />report and audit results. <br /> <br />Financial Impact <br />N/A <br /> <br />Mission/Policy/Goal <br />Responsible for every dollar - good stewards <br /> <br />Attachments <br />1. City of Elk River 2023 ACFR - FINAL <br />2. City of Elk River 2023 CL - FINAL <br />3. City of Elk River 2023 GAS.UG.LC Reports - FINAL <br />4. 2023 Elk River Audit Presentation-updated <br /> <br /> <br />Page 114 of 464