The CPA firm of Mayer Hoffman and McCann P.C. has completed the required annual audit and a representative of the firm will be present to make a presentation to the City Council on the Comprehensive Annual Financial Report generally referred to as the CAFR.  The CAFR has been distributed to you and an electronic version can be viewed on the City's Website.

As outlined in the CAFR, there are several sections of the report.  The "Opinion Letter" is the formal determination of the Auditor as to whether the Financial Statements "fairly" represent the financial activities and position of the City.  The City has received a "clean" opinion and the Auditor will be prepared to answer any questions the City Council may have.  This was the first year of a three year engagement and as such, the "fresh eyes" of the auditor identified a number of improvements in processing and internal policy and procedures which they have recommended be instituted by the City moving forward. 

Unfortunately, we received word as we came to the conclusion of the audit that Mayer Hoffman and McCann would no longer be auditing governmental entities and as a consequence, we will be requesting proposals once again so that we can select a new audit firm for the FYE 9/30/2015 financial statements.