LEGISLATIVE ACTION ITEM
SPONSOR: Grover C. Robinson, IV, Mayor
SUBJECT:
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FY 2020 CITY OF PENSACOLA COMPREHENSIVE ANNUAL FINANCIAL REPORT (CAFR)
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RECOMMENDATION:
recommendation
That City Council accept the City of Pensacola Comprehensive Annual Financial Report for the year ended September 30, 2020, as prepared by the Financial Services Department and the Independent Auditors Report issued thereupon.
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HEARING REQUIRED: No Hearing Required
SUMMARY:
At the end of each fiscal year, the City’s Financial Services Department prepares a CAFR as required by Section 11.45 of the Florida Statutes.
PRIOR ACTION:
None
FUNDING:
Budget: $ 93,475
Actual: $ 93,475
FINANCIAL IMPACT:
Each fiscal year the cost of an independent audit is included in the City Council’s budget.
CITY ATTORNEY REVIEW: Yes
2/17/2021
STAFF CONTACT:
Keith Wilkins, City Administrator
Amy Lovoy, Finance Director
ATTACHMENTS:
1) FY20 CAFR
2) SAS 114 Auditor Communication
PRESENTATION: Yes end