Each year the City hires an independent auditor to evaluate the accuracy of the City’s financial reports, test internal controls, and perform related auditing functions. Once again this year the City received a “clean” audit report which found no material weaknesses in internal control and no instances of noncompliance with federal grant requirements material to the financial statements. The City’s Fiscal Year 2019/20 Comprehensive Annual Financial Report (CAFR) was found to meet the highest standards for financial reporting by government entities. The purpose of the CAFR is to present a fair and understandable picture of the City’s financial position as of the end of the prior fiscal year and to look for possible ways to improve the City’s financial operations.
Review the Report to Council on the Comprehensive Annual Financial Report and Auditor’s Reports