File #: 2017-1011    Name:
Type: Presentation Status: Agenda Ready
File created: 2/27/2017 In control: Finance and Budget Committee
On agenda: 3/6/2017 Final action:
Title: Presentation of the Comprehensive Annual Financial Report (CAFR) for the fiscal year ending June 30, 2016 by RubinBrown LLP
Attachments: 1. Audit presentation View Points FY2016.pdf, 2. CAFR June 30, 2016.pdf, 3. Single Audit June 30, 2016.pdf

Title

Presentation of the Comprehensive Annual Financial Report (CAFR) for the fiscal year ending June 30, 2016 by RubinBrown LLP

 

Body

Key issues:

Each year the City is required to undergo an independent audit of its financial statements.  In addition, a Single Audit is performed on grant expenditures. 

The City received an unmodified audit opinion.

In the Single Audit Report, Section II (beginning on page 10) notes any financial statement findings.  There were three findings noted.  Each of these findings is explained in detail along with a corrective action plan. 

Kaleb Lilly,  along with his team from RubinBrown will be here to present the report to the committee.

 

Presenter

Presenter:  Kaleb Lilly, RubinBrown

 

Committee Recommendation

Committee Recommendation:    Presentation only.  No action required.