File #: RPT 18-195   
Section: Informational Report Status: Agenda Ready
Meeting Body: Council Budget and Finance Committee
Agenda Date: 12/5/2018 Final action:
Subject: Transmittal of the Comprehensive Annual Financial Report for the Year Ended June 30, 2018; and of the Memorandum on Internal Control and Required Communications
Attachments: 1. Attachment I Staff Report

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                                                             

End
RECOMMENDATION

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