Placement: Proclamations and Special presentations
Action Requested: Discussion
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Accept the Fiscal Year (FY) 2019-20 Comprehensive Annual Financial Report.
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Submitted By: Jeff Snyder, CFO, Financial Management Department
Strategic Plan Link: The City's Goal of a high-performing city government organization.
Executive Summary (General Business): Each year the City is required to have an audit performed by an Independent Certified Public Accounting Firm for the purpose of providing an opinion upon the fair statement of the numbers presented. This year is the third year of a five-year contract for our independent auditors - Carr, Riggs, & Ingram, CPAs.
Presentation Information: A brief presentation by Stephen Okiye, Finance Division Director.
Staff Recommendation: Request that the Council accept the City’s FY 2019-20 Comprehensive Annual Financial Report.
Background: N/A
Issues/Analysis: The audit opinion states that the Comprehensive Annual Financial Report presents fairly, in all material respects, the financial position of the City.
Financial Information: This year’s Comprehensive Annual Financial Report fairly presents the financial position of the City as of September 30, 2020.
Special Consideration: N/A
Location of Project: N/A
Attachments:
1. FY 2019-20 Comprehensive Annual Financial Report
2. Comprehensive Annual Financial Report Power Point Presentation
NOTE: All of the listed items in the “Attachment” section above are in the custody of the City Clerk. Any item(s) not provided in City Council packets are available upon request from the City Clerk.
Internal Reference Number: N/A
Legal Sufficiency Review:
N/A