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Item No. 1 <br />Type of Business: WK <br />WK: Work Session; PH: Public Hearing; <br />CA: Consent Agenda; CB: Council Business City of Mounds View Staff Report <br />To: Honorable Mayor and City Council <br />From: Charles Hansen, Finance Director <br />Item Title/Subject: Presentation by MMKR of the Annual Financial Report <br />Meeting Date: June 2, 2003 <br /> <br />Attached is the Comprehensive Annual Financial Report for the Year Ended <br />December 31, 2002. The financial report was audited by Malloy, Montague, <br />Karnowski, Radosevich & Co., P.A. <br /> <br />Representatives of MMKR will be at the June 2nd work session to make a <br />presentation and answer any questions. The Management Report and the Special <br />Purpose Audit Reports will be handed out by MMKR and discussed on Monday night. <br /> <br />Financial reports can be difficult to read. If you aren’t inclined to read the entire <br />document, then I suggest that reading the letter of transmittal on pages three through <br />nine and reviewing the combined financial statements on pages fourteen through <br />nineteen would be good preparation for the work-session. <br /> <br />If possible, we would like to hear and attempt to answer as many questions as <br />possible at the work-session so that it won’t be necessary to bring MMKR <br />representatives back for a second meeting. <br /> <br />A resolution will be placed on the agenda for one of the June regular City Council <br />meetings to officially accept the annual financial report. <br /> <br /> <br />Respectfully Submitted, <br /> <br /> <br /> <br />Charles Hansen