06-27-94 agendaCITY OF RICHFIELD, MINNESOTA
Study Session Letter No. 22
Agenda June, 27, 1994
Issue Statement:
Presentation of the 1993 Comprehensive Annual Financial Report
(CAFR).
Background•
The City's•1993 financial audit has been completed by the firm of
Deloitte and Touche. Data on year-end 1993 has previously been
presented to the City Council in March as prescribed by the City
Charter.
This presentation by the auditors is meant to be an informal
discussion of the 1993 year-end report. Formal receipt of the
financial report is scheduled for the June 27, 1994 City Council
meeting.
Recommended Motion:
No formal action is being recommended. at this time.
Basis of Recommendation:
1, The financial audit and formal report of the 1993 fiscal year
have been completed.
2. Presentation of the report at a Study Session provides an
opportunity for more in-depth discussion of the report as
well as trends and comparisons identified by the auditors.
Alternative Recommendation:
The Study Session discussion of this item could be omitted and
presented at a regular City Council meeting
Discussion/Decision Mode:
Consideration of this item at the June 27, 1994 Study Session
will expedite the formal receipt of the 1993 financial report at
the regular City Council meeting.
Respectfyt-fly submitted,
Jame Prosser
Citv nager
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