City of Oak Creek

Common Council Report

Meeting Date:  8/16/05

Item No.:         16

Recommendation:  That the Common Council adopt Resolution No. 10541-081605, accepting the 2004 Financial Statement and Auditors’ Report as prepared and presented by Virchow, Krause & Company, LLP.

Background:  On 8/16/05 representatives of Virchow Krause & Company, LLP presented the 2004 Financial Statement and Auditors’ Report.  It is appropriate for the Common Council to formally accept the document.

Fiscal Impact:  Fees for the 2004 audit are $33,900.00.  Funds are budgeted in the City Clerk’s Office Account 44-530 each year to cover the cost of the annual audit.

Prepared by and Fiscal Review by:

Beverly A. Buretta, CMC

City Clerk/Acting City Administrator