RES 19-29CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO: 2019-29
ADOPTING THE COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE YEAR ENDED DECEMBER 31, 2018
WHEREAS, the City annually prepares a Comprehensive Annual Financial Report (CAFR); and
WHEREAS, the CAFR contains the financial statements for the City of Otsego which have been prepared in
accordance with accounting principles generally accepted in the United States of America (GAAP), as
applied to governmental units by the Governmental Accounting Standards Board (GASB); and
WHEREAS, the financial statements have been subjected to a statutorily required audit, which has been
conducted by BerganKDV, an independent CPA firm; and
WHEREAS, BerganKDV opined that the financial statements present fairly, in all material respects, the
respective financial position of the City of Otsego for the year ended December 31, 2018; and
WHEREAS, said CAFR and the documents summarizing the audit process have been distributed to and
discussed with the City Council on June 10, 2019.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF OTSEGO,
MINNESOTA:
That the Comprehensive Annual Financial Report (CAFR) for the City of Otsego for the year ended
December 31, 2018, and all supporting documentation, is hereby adopted as the official financial
record for said fiscal year.
ADOPTED by the Otsego City Council this 10th day of June, 2019.
MOTION made by Council Member
Tanner
Warehime
CITY OF OTSEGO
Qvp °' e� e
Jessica Stockamp, May r
ATTEST:
Tami Loff, ity Clerk
and SECONDED by Council Member
INFAVOR: Stockamp, Tanner, Darkenwald, Warehime, Goede
OPPOSED: None
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