From
Cheryl Estes, Controller
Title
Accept the City's Comprehensive Annual Financial Report for Fiscal Year Ending September 30, 2015
Presenter
Jerry Gaither, Partner with Weaver, LLP
Recommended Action
Approve
Analysis
Texas law requires the City to prepare a comprehensive annual financial report (CAFR) that represents the financial position of the City at the end of each fiscal year's operations. In addition, the CAFR must be audited by an independent auditor. Weaver, LLP has audited the City's report and issued an "unmodified opinion" (clean). The Finance and Government Committee reviewed this item at the March 1, 2016 meeting and recommended this item be forwarded to City Council for approval.
Financial Consideration
There is no financial impact resulting from this action. The CAFR is provided under separate cover.