Annually the City of Shakopee's finance staff and Abdo, Eick & Meyers audit staff undertake an extensive audit process of City financial information.

The City received an unmodified opinion, which is commonly referred to as a "clean audit opinion."  This means that, in the auditor's opinion, the financial statements conform with applicable accounting standards.  In addition to formulating an opinion on the City's financial statements, the auditors reviewed the City's internal controls, legal compliance and financial management practices.  Those results were included in the special purpose report which is issued under a separate cover.

Overall, the information in the 2020 Annual Financial Report continues to show the City is in excellent financial condition and should continue to monitor itself to ensure its continued fiscal good health.

The audit results, Comprehensive Annual Financial Report, and accompanying data will be presented and discussed at the June 15, 2021 meeting by Bonnie Schwieger, Audit Manager with Abdo, Eick & Meyers.