Annual Comprehensive Financial Report (ACFR) 2025
The Dakota County Community Development Agency (CDA) is required to have an annual audit of its financial statements, which results in an Annual Comprehensive Financial Report (ACFR). This report is comprised of three major sections: introductory, financial, and statistical. The introductory section provides general information about the CDA. The financial section contains the basic financial statements as well as the management discussion and analysis and supplementary financial information. The statistical section provides trend data and non-financial data useful in interpreting the basic financial statements and evaluating economic condition.
For the fiscal year ended June 30, 2025, the auditor has expressed an unmodified or “clean” opinion, which means that the basic financial statements presented are fairly presented in all material respects in conformity with the accounting principles generally accepted in the United States of America.