City of Northfield - File #: 25-320

• File #: 25-320
• Version: 1
• Type: Information/Discussion Item
• Status: Agenda Ready
• File created: 10/1/2024
• In control: City Council
• On agenda: 6/10/2025
• Title: Presentation of the City of Northfield Annual Comprehensive Financial Report for the Year Ended December 31, 2024.
• Indexes: 2026 Budget

City Council Meeting Date:                     June 10, 2025

To:                                          Mayor and City Council

From:                                          Ben Martig, City Administrator

                                          Brenda Angelstad, Finance Director

Title

Presentation of the City of Northfield Annual Comprehensive Financial Report for the Year Ended December 31, 2024.

Body

Action Requested:                     

Presentation of Northfield Annual Comprehensive Financial Report for the Year Ended December 31, 2024.

Summary Report:

A draft of the City of Northfield’s Annual Comprehensive Financial Report for the Year Ended December 31, 2024 will be presented and discussed. Tom Olinger, CPA and Partner at Abdo will be presenting the audit at the meeting. 

The final Annual Comprehensive Financial Report will be scheduled for acceptance at the June 17^h meeting.

Alternative Options:

None recommended.

Financial Impacts:                     

Not applicable.

Tentative Timelines:

•                     June 10^th - Council Audit Presentation

•                     June 17^th - City Council accepts 2024 City audit report

•                     By June 30^th City Auditors submit audit report to State (deadline of June 30^th for State)