CITY OF TALLAHASSEE
CITY COMMISSION AGENDA ITEM
ACTION REQUESTED ON: March 25, 2009
SUBJECT/TITLE: Acceptance of Comprehensive Annual Financial Report
TARGET ISSUE: N/A
STATEMENT OF ISSUE
The annual financial audit of the records and accounts of the City for the fiscal year ended September 30, 2008, has been completed and is being presented to the Commission. The attached document consists of the “Comprehensive Annual Financial Report (CAFR)” and the “Financial and Compliance Audit of Federally Assisted Programs and State Financial Assistance”. Included are the external auditors’ opinion related to the City’s financial statements, the external auditors’ reports on compliance and internal controls, the external auditors’ management letter, and the City’s response. In accordance with the Rules of the Auditor General, this report is being formally submitted for retention as a public record. It should be noted that the City has received, as in previous years, an unqualified opinion from the auditors, which is the highest-level opinion the auditors can express on the City’s financial statements. This report has been presented to and accepted by the City’s Audit Committee.
RECOMMENDED ACTION
Accept report.
FISCAL IMPACT
None
Raoul A. Lavin, Director, Management and Administration
Sam McCall, City Auditor
For Information, please contact: Rick Feldman, Accounting Services Manager, ext. 8441