LEGISLATIVE ACTION ITEM
SPONSOR: Ashton J. Hayward, III, Mayor
SUBJECT:
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FY 2016 COMPREHENSIVE ANNUAL FINANCIAL (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, 2016 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: $ 99,700
Actual: $ 99,700
FINANCIAL IMPACT:
Each fiscal year the cost of an independent audit is included in the City Council’s budget.
CITY ATTORNEY REVIEW: Yes
2/15/2017
STAFF CONTACT:
Eric W. Olson, City Administrator
Richard Barker, Jr., Chief Financial Officer
ATTACHMENTS:
1) FY2016 CAFR
2) SAS 114 Auditor Letter
3) Financial Condition Assessment
PRESENTATION: Yes end