HomeMy WebLinkAboutEDA RES 2017-16"Inancial Statements for Month of May 2017 and the Payment of the Bills for the month of
May, 2017.
WHEREAS, the Columbia Heights Economic Development Authority (EDA) is required ♦ Minnesota Statutes
Section 469.096, Subd 9, to prepare a detailed financial statement which sho d
disbursements, their nature�, the mioney on hiand, the purposes to which the money on hand is to be applied,
the EDA's credits and assets and its outstanding liabilities; and
WH'EREAS, 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 May 2017 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
AIHEREAS, financials statements are held by the City's Finance Department in a method outlined by the State
of Minnescita's Records Retention Schedule,
NOW, THEREFORE BE IT RESOLVED by the Board of Commissioners of the Collumbia 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 fuinds; and
BE IT FURTHER RESOLVED this resolution is made a part of the permanent records of the Columbia Heights
Economic Development Authority.
ORDER OF ECONOMIC DEVELOPMENT AUTHORITY
Passed this 1641 day of J-14 2017
Offered by:
Seconded by:
Roll Call:
Vice President
Attest:
Secretary
Resolution 2017-16