Item Coversheet

7.B.1.


Shakopee City Council
July 5, 2017


FROM:Darin Nelson, Finance Director
TO:Mayor and Council Members
Subject:
2016 Annual Financial Report, Audit Presentation and Review by Staff from BerganKDV
Policy/Action Requested:
Accept the 2016 Audit and accompanying reports, as presented by the audit staff from BerganKDV
Recommendation:

Approve the 2016 Comprehensive Annual Financial Report (CAFR) as presented.

Discussion:
Annually the City of Shakopee's finance staff and BerganKDV 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 July 5, 2017 meeting by Steve Wischmann, Government Audit Partner with BerganKDV.
Budget Impact:
No budget impact
ATTACHMENTS:
Description
2016 CAFR
2016 Compliance Report
2016 Communication Letter