Title
Presentation of the 2011 Comprehensive Annual Financial Report
(CAFR)
Body
Presenter: Roger Tinklenberg & Kim Higgins
Recommended City Council Action:
Pass a motion to accept the auditor's report.
Summary Statement:
Each year the City's Finance Department prepares the annual financial statements.
The outside audit firm reviews those financial statements and other records.
The auditors' report, the financial statements, notes, mangement's discussion and
analysis and required supplimentary information are bound into the book called the
Comprehensive Annual Financial Report.
The City remains in good financial condition.
Next Steps: City Council will be asked to pass a motion accepting the auditor's
report.
Expenditure Required: None.
Source of Funds: N.A.
Policy Issue: This is part of the ongoing effort to maintain good financial controls for
the City.
Alternative: None
Background Information:
Eide Bailey has been retained by the City since 2004, although it was named Gordon,