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HomeMy WebLinkAboutEDA RES 2016-27A Resolution of the Economic Development Authority of Columbia Heights, Minnesota, Approving the 7 ;,teff eTts f,*r Vfp 1,14)*Vii oivA!i,,Auqust- WHEREAS, the Columbia Heights Economic Development Authority (EDA) is required by Minnesota Statutes Section 4r* 1•r Subd. 9, to prepare a detailed financial statement which shows all receipts and disbursements, their nature�, thie money on hand the purposes to which the money on hancl is to • 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 month of August, 2016 Ihave been reviewed by the EDA Commission; and WHEREAS, the EDA has examilned the fiinanciall 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 lim,iited 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 of Minnesota's Records Retention, Schedule, NOW, 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 financiiail statements are acknowledged and received and the check history as presented in writing is approved for payment out of proper funds,; and BE IT FURTHER RESOLVED this resolution is made a part of the permanent records of the Columbia Heights Economic Development Authority. Passed this 3rd day of October ,2016 Offered by: Szurek Seconded by. Schmitt Roll Call: All ayes Attest,: " Shelley Hanson, Secretary —'-- - -- _�t y Resolution 20�16-27