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2.2.

CC Work Session

Meeting Date:: 06/27/2023

Information

Title:

Review 2022 Annual Comprehensive Finance Report, Management Report, Special Purpose Report and Single Audit

Purpose/Background:

The City's 2022 annual report has been completed. Aaron Nielsen from the auditing firm of MMKR will be present to review the 2022 Annual Comprehensive Financial Report and Management Report that provides auditors comments on audit process and the Special Purpose Audit Reports on internal controls and legal compliance. The City was also required to have a Single Audit this year in regards to the Coronavirus funds received under the American Rescue Plan Act (ARPA).

Mr. Nielsen will also be making a brief presentation of the audit report at the regularly scheduled council meeting.

The receipt of the 2022 Annual Comprehensive Financial Report and the request for submittal of the Annual Comprehensive Financial Report to the Governmental Finance Officers Association for the Certificate of Achievement in Financial Reporting has been placed on the Consent Agenda of tonight's meeting.

Timeframe:

30 minutes.

Funding Source:

Auditing services are funded under the Finance Department's budget.

Responsible Party(ies):

Finance Director

Outcome:

Presentation of the summarization of the Annual Comprehensive Report, Management Report, Special Purpose Report and Single Audit Report.

Attachments

Form Review

Inbox	Reviewed By	Date
Brian Hagen	Brian Hagen	06/22/2023 01:27 PM

Form Started By:: Diana Lund
Started On:: 06/20/2023 08:58 AM
Final Approval Date:: 06/22/2023