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HomeMy WebLinkAboutEDA RES 2017-22A Resolution of the Economic Development Authority of Columbia Heights, Minnesota, Approving the Financial Statements for Month of June 2017 and the Payment of the Bills for the Month of June 2017. ',T,VHEREAS, the Columbia Heights Economic Development Authority (EiDA) is required by Minnesota Statutes Section, 469,096, Subd. 9, to prepare a detailed finaincial statement which, shiows all' receipts and disbursements, their nature, the money on hand, the purposes to which the money on hand '�s to be applied, the EDA's credits and assets anid its outstanding liabilities;, aind WHEREAS, said Statute also requires the EDA to examiinie 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 June 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, Subid. 9, including but not limiited to Comprehensive Annual Financial Reports, Annual City, approved Budgets, Audits and similar documentation; and 'NHEREAS, 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 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 records of the Columbia Heights Economic Development Authority, rassea inis / T_n day ot—ALIgust 2017 Offered by: Schmitt Seconded by: Her finger Roll Call: All ayes Presiden Attest: Secretary Resolution 21017-22