Res 2019-24 Accept Comp Ann Fin Report for 2018RESOLUTION NO. 2019 - 24
A RESOLUTION TO APPROVE AND ACCEPT THE COMPREHENSIVE ANNUAL
FINANCIAL REPORT FOR THE FISCAL YEAR ENDING DECEMBER 31, 2018
WHEREAS, Minnesota Statute § 471.697 and City Charter § 7.11 require the City Manager to
submit to the City Council and other parties a complete financial report for the City of Fridley
(City) for the preceding fiscal year; and
WHEREAS, on November 30, 2018, the City engaged the Redpath and Company to audit the
financial statements of the governmental activities, business type activities, aggregate discretely
presented component units, each major fund and aggregate remaining fund information of the
City for the fiscal year ending December 31, 2018; and
WHEREAS, Redpath and Company conducted a site visit between April 8, 2019 and April 19,
2019 to complete the majority of the auditing process for the fiscal year ending December 31,
2018; and
WHEREAS, as a result of this process, Redpath and Company issued an unmodified or "clean"
audit opinion, indicating the financial statements of the City are fairly presented and free on any
material misstatement in accordance with Generally Accepted Accounting Principles (GAAP).
NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Fridley hereby
approves and accepts the Comprehensive Annual Finance Report for the fiscal year ending
December 31, 2018.
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS
28TH DAY OF MAY, 2019.
SCOTT J. LUND — MAYOR
ATTEST:
DEBRA A. SKOGEN - CITY CLERK