HomeMy WebLinkAbout10.A.1. 2014 Annual Financial Report and Audit Presentatiaon and Review by Staff from Kern, DeWenter, Viere, Ltd. General Business 10. A. 1.
SHAKOPE E
TO: Mayor and City Council
FROM: Jean McGann, Interim Finance Director
DATE: 06/02/2015
SUBJECT: 2014 Annual Financial Report and Audit Presentation and Review by
Staff from Kern, DeWenter, Viere, Ltd. (C)
Action Sought
The Council is asked to consider and accept the 2014 Audit and accompanying
reports, as presented by the audit staff from KDV.
Background
Annually the City of Shakopee's finance staff and KDV audit staff undertake an
extensive audit process, beginning in December and continuing into April. The
audit results, Comprehensive Annual Financial Report (CAFR), and accompanying
data will be presented and discussed at the June 2, 2015 meeting by Steve
Wischmann, Government Audit Partner with KDV.
Recommendation
Staff recommends that the Council approve the 2014 Comprehensive Annual
Financial Report (CAFR) as presented.
Budget Impact
This item has no budget impact.
Relationship to Vision
Maintain the City's strong financial health.
Requested Action
The Council is asked to accept the audit findings and approve the 2014
Comprehensive Annual Financial Report.
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Attachments: 2014 CAFR
Compliance Report
Communication Letter