RES 2024-45 Adopting the Annual Comprehensive Financial Report for the Year Ended December 31, 2023CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO: 2024-45
ADOPTING THE ANNUAL COMPREHENSIVE FINANCIAL REPORT
FOR THE YEAR ENDED DECEMBER 31, 2023
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
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, 2023; and
WHEREAS, said ACFR and the documents summarizing the audit process have been distributed to and discussed with the City
Council on June 24, 2024.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF OTSEGO, MINNESOTA:
1. That the Annual Comprehensive Financial Report (ACFR) forthe City of Otsego for the year ended December 31, 2023,
and all supporting documentation, is hereby adopted as the official financial record for said fiscal year.
ADOPTED by the Otsego City Council this 24th day of June, 2024.
MOTION V. Goede
SECONDED BY i�ioores
INFAVOR: Stockamp, Dunlap, Dahl, Moores, and Goede
OPPOSED: none
CITY OF OTSEGO
ATTEST:
Aud°ra J. Etzel, City Clerk