HomeMy WebLinkAboutEDA RES 2017-01I
'A .1 1 - ---1 '72' A�r Iprolring in
I Ct=i i A"ert,
rinancial Statements for Months • October and No�vembeir 2016 and the Payment of the Billsfor the
Months of October, and November 20 16.,
WHEREAS, th�e Columbia Heights Economic Development Authority (EDA) is required • Minilniesota Statutes
Section 469.096, Subd. 9, to prepare a detailed financiall statement which shows all receipts and
d'isbursements,, their nature, the mon!ey on hand, the purposes to which the money on hianid is to be applied,
the EDA's creclits and assets and its o dling 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
1117AEREAS, the financial statement for the months • October and November 2016 hails been reviewed by tf7e
ED A Commiission; 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, Annuiall 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 I'T' RESOLV'ED 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
BE IT FURTHER RESOLVED this resolution is made a part of the permanent record's of the Columbia Heights
Economic Deve1opment Authority.
Passed this —3rd_ day of January, 2017
Offered by:
Nawrocki
Seconded by:
Williams
Roll Call:
All ayes
Is
,President
Attest:
Assistant Secretary
Re:solution 2017-01