HomeMy WebLinkAbout7 15 08annualfinancialreport City Council 7/15/08
REGULAR
Item: 9 Motion
ITEM: Receive and accept the 2007 Annual Financial Report
REQUESTED BY: Steve MacDonald, City Auditor, Abdo, Eick and Meyer
SUBMITTED BY: Susan Hoyt, City Administrator
REVIEWED BY: Tom Bouthilet, Finance Director
Joe Rigdon, Finance Manager, KDV
SUMMARY AND ACTION REQUESTED: The city council is being asked to receive and to
accept the city’s 2007 Annual Financial Report. The city auditor, Steve MacDonald, will
review the highlights of the report for the city council and answer questions. In early 2008, the city hired a financial expert, Joe Rigdon, to organize, reconcile and rework its 2007
accounts at the recommendation of the city auditor as a result of the findings for the
2006 audit. The city council received this report in June. The 2007 audit reflects these
changes.
ORDER OF BUSINESS
Introduction Susan Hoyt, City Administrator
Report Steve MacDonald, Abdo, Eick and Meyer
Questions from the council Mayor and Council members (3 minutes maximum)
Questions from the public Mayor facilitates To the city council
(3 minute maximum)
Motion Mayor and Council members
Discussion Mayor and Council members
Action City Council
ATTACHMENTS:
1 2007 Management Letter
2 2007 Annual Financial Report