LEGISLATIVE ACTION ITEM
SPONSOR: Grover C. Robinson, IV, Mayor
SUBJECT:
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FY 2019 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, 2019 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: $90,500
Actual: $90,500
FINANCIAL IMPACT:
Each fiscal year the cost of an independent audit is included in the City Council’s budget.
CITY ATTORNEY REVIEW: Yes
2/14/2020
STAFF CONTACT:
Keith Wilkins, City Administrator
Richard Barker, Jr., Deputy City Administrator - Administration & Enterprise
Amy Lovoy, Finance Director
ATTACHMENTS:
1) FY19 CAFR
2) SAS 114 Auditor Letter
3) Financial Condition Assessment
PRESENTATION: No end