Laserfiche WebLink
<br /> <br />City of Elk River <br />REQUEST FOR COUNCIL ACTION <br />Agenda Section Meeting Date <br />Administration une 19, 2006 <br />Item Description <br />Presentation of Comprehensive Annual Financial Report for the <br />eriod ended December 31, 2005 <br /> <br /> <br />Administrator <br /> <br />Introduction <br />Steve McDonald of Abdo, Eick, and Meyers will present the city's 2005 Comprehensive Annual Financial <br />Report (CAFR) along with staff. <br /> <br />Discussion <br />The presentation of the CAFR will include reviewing general fund activity, various special revenue funds, <br />and all of the enterprise funds. We will briefly highlight the other funds but will concentrate mainly on <br />those with more activity. We will also briefly review the 2005 Fire Relief Association audit. <br /> <br />Summary comments and data on the city's financial status and economic condition are in the transmittal <br />letter beginning on page 1 and in management's discussion and analysis which begins on page 10. General <br />fund detailed financial data, including the original and final budgets along with actual revenue and <br />expenditure data, is on page 24; enterprise fund information starts on page 27. Reviewing those sections <br />of the CAFR will give you the highlights of the City's financial condition. <br /> <br />Additional trend information may be found in the back of the CAFR in the statistical section starting on <br />page 76. This section provides additional information on demographics, economic indicators, property <br />tax collections and related data, and 10-year historical revenue and expenditure data. <br /> <br />Financial Impact <br />None <br /> <br />Attachments <br /> <br />Previously distributed to Mayor and Council <br />· Comprehensive Annual Financial Report for the City of Elk River for the year ended December <br />31,2005 <br /> <br />· Elk River Fire Department Relief Association financial statements and supplementary <br />information <br /> <br />Action Requested <br />City Council is asked to review and accept the Comprehensive Annual Financial Report for the City of <br />Elk River for year ended December 31, 2005. <br /> <br />s: \ Council\Lori\2006\ CAFR.doc <br />