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File #: 2017-4256   
Type: Resolution Status: Passed
File created: 2/15/2017 In control: City Council
On agenda: 3/9/2017 Final action: 3/9/2017
Title: Consider a resolution accepting the City's Comprehensive Annual Financial Report for fiscal year October 1, 2015 to September 30, 2016.
Attachments: 1. Resolution, 2. Exhibit A

Title

Consider a resolution accepting the City's Comprehensive Annual Financial Report for fiscal year October 1, 2015 to September 30, 2016.

 

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. (BGFN) have completed their independent audit of all City accounts for fiscal year 2015/2016.  The auditors rendered a “clean” opinion on the City’s financial statements, meaning they were able to obtain reasonable assurance that the financial statements are free of material misstatement.  No material weaknesses in internal controls were noted.

 

Steve Niemeier, engagement partner with BGFN, will be present at Council Meeting to answer any questions from Council.