08-26-91 agenda
t.
CITY OF RICHFIELD, MINNESOTA
i Study Session Letter No-40
Agenda August 26, 1991
Issue Statement:
Presentation of?the 1990 Comprehensive Annual Financial Report.
Background: ..
The City's 1990 financial audit has been completed by the firm of
Deloitte and Touche. Data on year-end 1990 has previously been
presented to the City Council in April as prescribed by the City
Charter.
This presentation by the Auditors is meant to be an informal
J
discussion of the 1990 year-end report. Formal receipt of the
Financial Report is scheduled for the August 26, 1991 City
Council meeting.
Recommended _Motion:
No formal action is being recommended at this time.
Basis for Recommendation:
1. The financial audit and formal report of the 1990 fiscal year
has-been completed.
2. Presentation of the report at a Study Session provides an
opportunity for more in-depth discussion of the report.
• 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 August 26, 1991 Study Session
will expedite the formal receipt of the 1990 Financial Report at
the regular City Council meeting.
Respe f lily submitted,
rosser
JametMnager
City JDP:ds