Title
Consider a resolution accepting the City's Comprehensive Annual Financial Report for fiscal year October 1, 2014 to September 30, 2015.
Body
The Comprehensive Annual Financial Report (CAFR) is a document that is prepared annually in conjunction with the annual audit. The City’s independent auditors, Brockway, Gersbach, Franklin & Niemeier, P.C. have completed their independent audit of all City accounts for fiscal year 2014/2015. The auditors rendered a “clean” opinion on the City’s financial statements, meaning they were able to obtain reasonable assurance that the basic financial statements are free of material misstatements. No material weaknesses in internal controls were noted.
Steve Niemeier, engagement partner with Brockway, will be present at Packet Briefing to answer any questions from Council.
Recommended Action
Staff recommends acceptance of this report.