HomeMy WebLinkAboutResolution CC-02-01-16-01Early Release of City's Audit ReportSPONSORS: Councilor Carter
RESOLUTION -CC -02-01-16-01
RESOLUTION REGARDING RELEASE OF SBOA FINAL EXAMINATION REPORT
Synopsis: This resolution authorizes the Council President to sign a waiver, allowing for
an early release of the City's 2014 audit report.
WHEREAS, the City has been advised and is aware that Ind. Code 5-11-5-1(b)(6) states
that a final examination report performed by the State Board of Accounts ("SBOA") cannot be
issued earlier than forty-five (45) days after the date of the initial exit conference;
WHEREAS, Indiana Code 5-11-5-1(b)(6) was enacted to allow the legislative body of a
municipality or entity examined sufficient time to request an additional exit conference;
WHEREAS, the City has an urgent need to receive its 2014 audit report in order to
satisfy bond rating agencies;
NOW, THEREFORE, BE IT RESOLVED, by the Common Council of the City of
Carmel, Indiana:
Section 1: The City hereby waives the provisions of Ind. Code 5-11-5-1(b)(6) and asks
the SBOA to issue, at the earliest possible time hereafter, its final examination report.
Section 2: The City releases the SBOA from any claim or cause of action, whether
known or unknown, based upon or relating to this waiver and/or the public release of the final
examination report earlier than forty-five (45) days after the date of the initial exit conference.
Section 3: The Council authorizes its President to execute such waiver on a form
prescribed by the SBOA.
SO RESOLVED by the Common Council of the City of Carmel, Indiana this day
Of RS'WOL , 2016.
COMMON COUNCIL FOR THE MY OF CARMEL
Presidmi Officer
I nald Carter, President
A4W(�\
Carol Schleif
Je o ell
A ES,
Christine S. Pauley,=Clerk-Treasurer
Kevin Rider
Laura Campbell
)(� 4,4 4 4 a
ruce Kimball
Presented by me to the Mayor oft he
Citx of Carmel, Indiana this day of
RIO 2016, at 0p
Chri ane S. Pauley, Jerk -Treasurer
Approved by me, Mayor of e City of Carmel, Indiana, this -9 ' day of
C.% %,k!2r 2016, at0(; 0 0 .M.
Jafs Brainard, Mayor
A T S
Ohri'�U
stine S. PA�Iey, Clerk-TredArer
Prepared by Christine S. Pauley on January 22, 2016, as suggested language only and not as legal advice. No subsequent
revision has been reviewed by Ms. Pauley.
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