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File #: 18-00038    Version: 1 Name:
Type: Legislative Action Item Status: Passed
File created: 1/8/2018 In control: City Council
On agenda: 3/8/2018 Final action: 3/8/2018
Enactment date: Enactment #:
Title: FY 2017 COMPREHENSIVE ANNUAL FINANCIAL (CAFR)
Sponsors: Ashton J. Hayward, III
Attachments: 1. FY2017 CAFR, 2. SAS 114 Auditor Letter, 3. Financial Condition Assessment

LEGISLATIVE ACTION ITEM

 

SPONSOR:                         Ashton J. Hayward, III, Mayor

 

SUBJECT:

 

title

FY 2017 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, 2017 as prepared by the Financial Services Department and the Independent Auditors Report issued thereupon

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body                

 

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:                     $ 101,600

 

      Actual:                     $ 101,600

 

FINANCIAL IMPACT:

                     

Each fiscal year the cost of an independent audit is included in the City Council’s budget.

 

CITY ATTORNEY REVIEW:    Yes

 2/14/2018

   

STAFF CONTACT:

 

Eric W. Olson, City Administrator

Richard Barker, Jr., Chief Financial Officer

 

ATTACHMENTS:

 

1)                     FY2017 CAFR

2)                     SAS 114 Auditor Letter

3)                     Financial Condition Assessment

 

PRESENTATION:     Yes   end