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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