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Res 2020-24 Accept Comp. Annual Fin. Rep. RESOLUTION NO. 2020 - 24 A RESOLUTION TO APPROVE AND ACCEPT THE COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDING DECEMBER 31, 2019 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, 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, 2019; and WHEREAS, Redpath and Company conducted a site visit between April 6, 2020, and April 17, 2020, to complete the majority of the auditing process for the fiscal year ending December 31, 2019 ; 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, 2019. P6SSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS TH 26 DAY OF MAY, 2019. ___________________________________ SCOTT J. LUND – MAYOR ATTEST: ________________________________ DANIEL TIENTER – CITY CLERK