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
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 issued an "unmodified opinion" (clean).
The Finance and Government Committee reviewed this agenda item at the March 3, 2019 meeting and recommended that it be forwarded to City Council for approval.
Financial Consideration
There is no financial impact resulting by this action. The audited financial report is provided under separate cover.