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Date
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February 11, 2008
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Agenda
Item No. 29 Roll
Call No. 08- Communication No. 08-058 Submitted by Allen McKinley, Finance Director |
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AGENDA
HEADING:
Receive
and File the Comprehensive Annual Financial Report for the City of
RECOMMENDATION:
Receive
and file the Comprehensive Annual Financial Report for the City of
FISCAL
IMPACT:
Amount:
$76,845, plus printing
costs of document.
Funding
Source: Fiscal Year 2007-08 Operating Budget, Finance
- Accounting, GE001 FIN070000, Page 143.
ADDITIONAL
INFORMATION:
McGladrey & Pullen, LLP performed the audit and has issued an
unqualified opinion on this year’s audit.
The auditor did not provide a management letter because there were no new
findings, questioned costs, or reportable conditions and all such items
identified last year were corrected.
Internal records indicate 1998 was the last year the City received such
an opinion.
PREVIOUS
COUNCIL ACTION(S):
Date:
May 7, 2007
Roll
Call Number: 07-281
Action: One-year
renewal of contract for independent auditing services with McGladrey &
Pullen, LLP. (Council
Communication No. 07-281) Moved by Vlassis to adopt. Motion Carried 7-0.
BOARD/COMMISSION
ACTION(S): NONE
ANTICIPATED
ACTIONS AND FUTURE COMMITMENTS: NONE