Annually the City of Shakopee's financial staff and Abdo's 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 2022 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, Annual Comprehensive Financial Report, and accompanying data will be presented and discussed at the June 6, 2023 meeting by Andy Berg, Partner with Abdo.