From
Becky L. Brooks, CFO
Title
City's Comprehensive Annual Financial Report for Fiscal Year Ending September 30, 2019
Presenter
Susan Sanders, Controller, and Jennifer Ripka, Partner of Weaver, LLP
Recommended Action
Approve to Advance to City Council
Analysis
State law requires the City to prepare a comprehensive annual financial report that represents the financial position of the City at the end of each fiscal year's operations. In addition, this report must be audited by an independent auditor. Thus, Weaver, LLP has audited the City's report and is presenting a draft report on March 3, 2019. Upon approval, auditors will finalize the process and submit a final report which will be on City Council consent agenda March 17, 2019.
Financial Consideration
There is no financial impact resulting by this action. The preliminary audited financial report is provided under separate cover.