RES 2023-38 Adopting the Annual Comprehensive Financial Report for the Year Ended December 31, 2022CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO: 2023-38
ADOPTING THE ANNUAL COMPREHENSIVE FINANCIAL REPORT
FOR THE YEAR ENDED DECEMBER 31, 2022
WHEREAS, the City annually prepares an Annual Comprehensive Financial Report (ACFR); and
WHEREAS, the ACFR 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 Berganl<DV, an independent CPA firm; and
WHEREAS, Berganl<DV 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, 2022; and
WHEREAS, said ACFR and the documents summarizing the audit process have been distributed to and
discussed with the City Council on June 12, 20230
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF OTSEGO, MINNESOTA:
1. That the Annual Comprehensive Financial Report (ACFR) for the City of Otsego for the year ended
December 31, 2022, and all supporting documentation, is hereby adopted as the official financial
record for said fiscal year.
ADOPTED by the Otsego City Council this 12th day of June, 2023.
MOTION BY: Moores
SECONDED BY: Dahl
IN FAVOR: Stockamp, Dahl, Dunlap, Goede, and 'Moores
OPPOSED: none
CITY OF OTSEGO
Jessica L. Stockamp, M
ATTEST:
Audra Etzel; City Clerk
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