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HomeMy WebLinkAboutIX-01 Presentation and Approval of 2021 Comprehensive Financial Plan City Council Memorandum To: Mayor Fasbender & City Councilmembers From: Chris Eitemiller, Finance Manager Date: June 20, 2022 Item: Presentation and Approval of the 2021 Comprehensive Financial Report Council Action Requested: Presentation of the 2021 Annual Comprehensive Financial Report by Bergan KDV and Acceptance of the 2021 Annual Comprehensive Financial Report (ACFR). Background Information: The annual audit has been completed. Due to scheduling difficulties, the Finance Committee of the Council has not met to review the results of the audit and the Auditor’s report. Bergan KDV is available for questions tonight. The City earned an unmodified opinion or “clean” opinion which is the best opinion an auditor is able to offer. Financial Impact: No financial impact. Advisory Commission Discussion: N/A Council Committee Discussion: N/A Attachments: Bergan KDV presentation will be provided as soon as available The 2021 Certified Annual Financial Report will be posted on the City of Hastings’ website after it is formally accepted by the City Council. IX-01