DATE: December 5, 2018
TO: Council Budget and Finance Committee
FROM: Director of Finance
SUBJECT
Title
Transmittal of the Comprehensive Annual Financial Report for the Year Ended June 30, 2018; and of the Memorandum on Internal Control and Required Communications
EndRECOMMENDATION
Recommendation
That the Committee receives the Comprehensive Annual Financial Report (CAFR) and recommends that City Council accepts and files the Memorandum on Internal Control and Required Communications for the fiscal year ended June 30, 2018. The reports will be made available prior to the meeting.
End
SUMMARY
This report provides information regarding the FY 2018 Comprehensive Annual Financial Report and the Memorandum on Internal Control and Required Communications. Staff is pleased that, as in years past, there were no significant findings. The ability to report that the City’s financial statements continue to earn a “clean opinion” is a positive statement about the City’s financial management and oversight.
ATTACHMENTS
None