Item Coversheet
AGENDA ITEM REQUEST


Originating Department:  Finance and Administrative Services

Item Title:  Annual Report

Item Number:  6AMeeting Date:  3/26/2019

City Reference Number (C#):  M19004



Item Description:

A Motion accepting the City's Comprehensive Annual Financial Report for the year ended September 30, 2018. City Manager Richard Salamon. Wendy Dunbar, Finance and Administrative Services Director.




Funding:
N/A


Amount:
N/A



ATTACHMENTS:
Description
Communication Letter to Those Charged with Governance
Comprehensive Annual Financial Report



Background:
Florida Statutes, Section 218.32 requires local governmental entities deemed to be a reporting entity as defined by generally accepted accounting principles (GAAP) to provide annual financial reports to the State. The Comprehensive Annual Financial Report (CAFR) is the nationwide standard for local government accounting.  Additionally, in accordance with professional auditing standards, included is The Auditor's Communication to Those Charged with Governance, which requires the auditor to communicate specific disclosures to those persons responsible for strategic direction of the entity.



Department Head Recommendation:
Approval



Person With Additional Information: 
Name: Wendy Dunbar Phone: 954-746-3297



Department Head Name and Title:
Wendy Dunbar, Director of Finance & Administrative Services



City Manager:
Authorized for agenda placement