HomeMy WebLinkAbout[05] 2009 Audit Presentation1'1��
CM OF ST. JOSEPH
MEETING DATE:
AGENDA ITEM:
SUBMITTED BY:
Council Agenda Item 5
May 6, 2010
2009 Audit Presentation — Steve Wischmann
Finance
PREVIOUS COUNCIL ACTION: None
BACKGROUND INFORMATION: Annually the City is required to have an independent audit completed.
The final audited statements are presented to the City Council and submitted to the State of Minnesota.
Steve Wischmann from Kern, DeWenter, Viere (KDV) will be here to provide an overview of the audit
and financial status as of December 31, 2009. Steve is the assigned partner from KDV for the City's
audit.
The audited financial statements can be cumbersome to read. Although the entire report is important
for the users of the statements, the Management Discussion and Analysis on pages 5 -22 provide a nice
overview of the financial highlights for 2009 and the economic factors that will affect the upcoming
years.
BUDGET /FISCAL IMPACT: Informational only
ATTACHMENTS: 2009 Audited Financial Statements
REQUESTED COUNCIL ACTION: Accept the 2009 Audited Financial Statements.