HomeMy WebLinkAbout2014 03 24 Regular 601 2013 CAFR COMMISSION AGENDA
Informational
Consent
ITEM 601 Public Hearings
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Regular X
March 24, 2014 KS SB
Regular Meeting City Manager Department
REQUEST:
The City Manager requests City Commission acceptance of the Comprehensive Annual
Financial Report (CAFR) as presented for the Fiscal Year Ended September 30, 2013.
SYNOPSIS:
The presentation of the Comprehensive Annual Financial Report for the fiscal year ended
September 30, 2013 by the auditors McDirmit Davis & Company, LLC.
CONSIDERATIONS:
The CAFR is prepared and presented to give the City Commission, citizens, and other users
a greater understanding of the City's financial standing. Our 2012 financial statements
received an unqualified opinion (best possible)by the auditors.
Additionally, the 2013 CAFR will be submitted to the Government Finance Officers
Association (GFOA) for consideration of the Certificate of Achievement award as we
believe it continues to conform to the stringent program requirements. The City's CAFR
has been awarded the GFOA's Certificate of Achievement award for the past thirteen
consecutive years.
FISCAL IMPACT:
This report has no direct financial impact of the City. However, the information presented
in the CAFR is used by investors and citizens to help determine the overall financial health
of the City of Winter Springs.
Regular 601 PAGE 1 OF 2- March 24,2014
COMMUNICATION EFFORTS:
This Agenda Item has been electronically forwarded to the Mayor and City Commission,
City Manager, City Attorney/Staff, and is available on the City's Website, LaserFiche, and
the City's Server. Additionally, portions of this Agenda Item are typed verbatim on the
respective Meeting Agenda which has also been electronically forwarded to the individuals
noted above, and which is also available on the City's Website, LaserFiche, and the City's
Server; has been sent to applicable City Staff, Media/Press Representatives who have
requested Agendas/Agenda Item information, Homeowner's Associations/Representatives
on file with the City, and all individuals who have requested such information. This
information has also been posted outside City Hall, posted inside City Hall with additional
copies available for the General Public, and posted at five (5) different locations around the
City. Furthermore, this information is also available to any individual requestors. City Staff
is always willing to discuss this Agenda Item or any Agenda Item with any interested
individuals.
Additionally, the 2013 CAFR will be posted to the City's website within one week of
acceptance.
RECOMMENDATION:
It is recommended that the Commission accept the Comprehensive Annual Financial Report
(CAFR) as presented for the fiscal year ended September 30, 2013.
ATTACHMENTS:
None.
Regular 601 PAGE 2 OF 2- March 24,2014