HomeMy WebLinkAboutEDA RES 2015-25N
I - - 0 ment Authority of Columbia Heights, Minnesota, Approving the FinanlciTI
qt,atements for Months of September and October, 2015 and the Payment of the Bills for the Months of
.>eptembe,r and October, 2015.
WHEREAS, the Columbia Heights Economic Development Authority (EDA) is required by Minnesota Statutes
Section 469.0l96, Subd. 9, to prepare a detailed financial! statement whlich shows all receipts and
disbursements, their nature, the money on hand, the purposes to wh!ich the money on hand is to be applied,
the EDA's credits and' assets and' its outstanding liabilities; and
WHEREAS, said Statute also requires the EDA to examine the statement and treasurer's vouchers or bills and if
correct, to approve them by resolution and enter the resolution in its records; and
WHEREAS, the financial statement for the months of September and October, 2015 has been reviewed by the
EDA Commission; and
WHEREAS, the EDA has examined the financial statements and finds them to be acceptable as to both form
and accuracy; and
WHEREAS, the EDA Commission has other means to verify the intent of Section 469,096, Subd. 9, including
but not limited to Comprehensive Annual Financial Reports, Annual City approved Budgets, Audits and similar
documentation; and
'WHEREAS, financials statements are held by the City's Finance Department in a method outlined by the State
,f Minnesota's Records Retention Schedule,
NOlW, THEREFORE BE IT RESOLVED, by the Board of Commissioners of the Columbia, Heights Economic
Development Authority that it has examined the referenced financial statements including the check history,
and they are found to be correct, as to form and content; and
BE IT FURTHER RESOLVED the financial statements are acknowledged and received and the check history as
presented in writing is approved for payment out of proper funds; and
F,
"E'"" Uou5 r1 caly of ijecember 2015
Offered by: Schmitt
Seconded by: Williams
Roll Call: All ayes
i-%Ltest: nary L. Peterso0f, President
Shelley Hanson,Secc,�ary
Resolution 2015-25