HomeMy WebLinkAbout1998-108 CCRMember Hilstromintroduced the following resolution and moved its adoption:
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RESOLUTION NO. 98-108
RESOLUTION ACCEPTING THE COMPREHENSIVE ANNUAL FINANCIAL
REPORT OF THE CITY OF BROOKLYN CENTER FOR THE CALENDAR YEAR ENDED
DECEMBER 31, 1997, RATIFYING INTERFUND LOANS, AND WRITING OFF
UNCOLLECTIBLE ACCOUNTS
WHEREAS, the City of Brooklyn Center is required by state law and City Charter
to annually produce audited financial statements by June 30; and
WHEREAS, the attached financial statements have been audited by Deloitte &
Touche LLP as required; and
WHEREAS, the City Charter gives the City Council the power to make interfund
loans as may be deemed necessary and appropriate.
WHEREAS. The City Manager has reported the Bituminous Consulting, Inc.
accounts receivable is not expected to be collected due to staff and attorney efforts being exhausted.
With the adoption of this resolution, the account will be removed from the accounts receivable
records and charged off as an expenditure.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Brooklyn Center, Minnesota as follows:
1. that the Comprehensive Annual Financial Report of the City of Brooklyn
Center for the Calendar Year ended December 31, 1997 is accepted.
2. that the interfund loan balances as displayed in Note 9 on Page 43 of the
financial report are hereby approved and ratified by the City Council.
3. that the accounts receivable in the Capital Improvements Fund from
Bituminous'Consulting, Inc. be written-off as uncollectible from the City's
records.
June 22, 1998
Date
ATTEST: _ J"A !`Imxl c~
City Clerk
c6~~
Mayor
RESOLUTION NO. 98-108
The motion for the adoption of the foregoing resolution was duly seconded by member
Kay Lasman , and upon vote being taken thereon, the following voted in favor thereof:
Mayor Kragness, Kathleen Carmody, Debra Hilstrom, Kay Lasman, and Robert Peppe;
and the following voted against the same: None
whereupon said resolution was declared duly passed and adopted.
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