SPECIAL MEETING SAUK RAPIDS CITY COUNCIL Audited Financial Statement

special meeting sauk rapids city council audited financial statement presentation fire department, 408 n benton drive monday, may 2

SPECIAL MEETING
SAUK RAPIDS CITY COUNCIL
Audited Financial Statement Presentation
Fire Department, 408 N Benton Drive
Monday, May 23, 2011
5:30PM
5:30 PM
1. Call to Order and Pledge of Allegiance
Mayor Campbell called the meeting to order at 5:30pm. Members present:
Dave Saunders, Brad Gunderson, Paul Weber, and Jared Gapinski. Others
present: Ross Olson, City Administrator, Jack Kahlhamer, Finance
Director, and Dana Furman, Administrative Services Coordinator.
2. Audited Financial Statement Presentation
Jack Kahlhamer introduced Caroline Stutsman of Kern, DeWenter, Viere,
LTD (KDV) who provided the Audited Financial Statement Presentation.
Caroline Stutsman advised that the Audited Financial Statements
Presentation is for the Fiscal Year ending on December 31, 2010. The
presentation began with Stutsman reviewing the Audited Financial
Statements Report referencing page 2, which noted that the
responsibility of KDV is to express opinions on the financial
statements based upon their audit and the information provided to them
by City Staff. Stutsman noted that it was the opinion of KDV “[that]
the financial statements [referred to on page 2 of the Independent
Auditors’ Report] present fairly, in all material respects, the
respective financial position of the governmental activities, the
business-type activities, each major fund and the aggregate remaining
fund information of the City of Sauk Rapids, Minnesota as of December
31, 2010, and the respective changes in financial position and cash
flows, where applicable, thereof and the budgetary comparison for the
General Fund for the year then ended in conformity with U.S. generally
accepted accounting principles.” Stutsman briefly walked members
through the Audited Financial Statement reports as well as the
Management letter for the Fiscal Year ending on December 31, 2010
allowing for any questions by City Council members or staff.
Motion: Moved by Councilperson Gapinski and seconded by Councilperson
Saunders to accept and approve the 2010 Audited Financial Statements
as presented. Motion carried unanimously.
3. Adjournment
Motion: Moved by Councilperson Saunders and seconded by Councilperson
Gunderson to adjourn the meeting. Motion carried unanimously.
Mayor Campbell adjourned the meeting at 5:47pm.
Respectfully Submitted,
Dana Furman
Administrative Services Coordinator
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