HomeMy WebLinkAboutCity Council Packet 06-22-2004 SpecialAgenda
City of Plymouth
Special City Council Meeting
Tuesday, June 22, 2004
5:30 p.m.
Public Safety Training Room
3400 Plymouth Blvd.
1. Call to Order
2. Review audit report
3. Adjourn
Agenda Number:
TO: Laurie Ahrens, City Manager
FROM: Larry S. Jacobson, Finance Manager through Dale E. Hahn, Director of
k Finance and Information Technology
SUBJECT: 2003 Audited Comprehensive Annual Financial Report
DATE: June 10, 2004 for Special City Council meeting June 22, 2004
1. PROPOSED ACTION: Meet with the auditors to review the results of the 2003 Audited
Comprehensive Annual Financial Report in preparation to approve a resolution accepting the
2003 Audited Comprehensive Annual Financial Report at the council meeting.
2. BACKGROUND: The City annually contracts with an independent Certified Public
Accounting firm to audit the City's Comprehensive Annual Financial Report.
In June of 2003, the City Council reviewed the annual report for 2002 in a study session with
the auditors. At that time, it was determined that the process of reviewing the audit results in
a study a session would continue for subsequent years.
As was determined last year, the Council will review the audit in a study session, and place
the acceptance of the audit on the consent agenda for the council meeting.
The City Council Agenda item on this matter was distributed in the packets on June 11
t".
Please refer to the items in that packet. It contained:
Agenda Report
2003 Comprehensive Annual Financial Report
Special Purpose Audit Reports on Single Audit, Internal Controls, and Compliance with
Laws and Regulations — (Attachment 1)
Management Report — (Attachment 2)
Responses to Accounting and Reporting Comments — (Attachment 3)
3. DISCUSSION:
Jim Eichten, Audit Partner, from Malloy, Montague, Kamowski, Radosevich & Co., P.A.
will be at the June 22, 2004 study session and council meeting. He will present a
management summary of significant items, additional discussion on the various reports and
be available for questions.
O:\Accounting\RESOLTNS\Ljacobson\Study session to review 2003 audit.doc