Items tagged: audit

City Receives Clean Audit Report for Fiscal Year 2019/20

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 […]

City Receives Another Clean Audit Opinion

During the City Council meeting on January 28, 2020, the City’s independent auditor expressed the opinion that the City’s Comprehensive Annual Financial Report (CAFR) for fiscal year 2018/19 fairly presents the financial position of the City in all material respects and in conformity with generally accepted accounting principles in the U.S.  In other words, the […]

CAFR Award

The City of Champaign received a Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association of the United States and Canada (GFOA) for its comprehensive annual financial report (CAFR). The Certificate of Achievement is the highest form of recognition in governmental accounting and financial reporting, and its attainment represents a […]