HomeMy WebLinkAboutEDA RES 2018-04I Nil i
WHEREAS, the Columbia Heights Economic Development Authority (the "EDA") is required by Minnesota
Statutes Section 469,0916, Subd. 9, to prepare a detailed financial statemient which shows all receipts and
disbursemeints, their nature, the money on hand, the purposes to which the money on hand is to be appilied,
the EDA's credits and assets anid: its outstaniding 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 months of January and February 2018 has been reviewed by the
ED'A 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
docuimenitation; and
WHIEREAS, 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 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 iin 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 2nd day of April, 2018
Offered by: Buesgens
Seconded by: Schmitt
Roll Call- All ayes
President
Attest:
Assistant Secretary
Resolution 2018-04