Laserfiche WebLink
EDA RESOLUTION NO. 18-02 <br /> <br /> <br />NEW BRIGHTON ECONOMIC DEVELOPMENT AUTHORITY <br />CITY OF NEW BRIGHTON <br />COUNTY OF RAMSEY <br /> <br /> <br />RESOLUTION APPROVING THE ECONOMIC DEVELOPMENT AUTHORITY’S <br />AUDITED FINANCIAL STATEMENTS AND RECEIPTS AND EXPENDITURE <br />TRANSACTIONS FOR THE YEAR ENDING DECEMBER 31, 2017 <br /> <br />Whereas, in the EDA’s bylaws Section 4.4, the Authority shall examine the financial statements, <br />and if the Authority finds them correct, then they will be approved by resolution, and <br /> <br />Whereas, the EDA is a component unit of the City of New Brighton because of the significance <br />of its operational and financial relationship with the City of New Brighton, and <br /> <br />Whereas, in conformity with generally accepted accounting principles, the financial statements <br />of the component unit have been included in the City’s financial statements as a blended <br />component unit, and <br /> <br />Whereas, the financial transactions of the EDA have been and will continue to be subjected to <br />the same auditing procedures as the City’s transactions, and <br /> <br />Whereas, there were no financial transactions for the EDA during 2017 <br /> <br />Now, therefore, be it resolved that: the EDA’s 2017 financial statements and receipt and <br />expenditure transactions are approved. <br /> <br /> <br />Adopted by the Board of the EDA this 8th day of May, 2018. <br /> <br /> <br /> <br />Valerie Johnson, President <br />ATTEST: <br /> <br /> <br />Dean Lotter, Secretary