TO: Honorable Mayor & Members of the North Port Commission
FROM: Peter D. Lear, CPA, CGMA, City Manager
TITLE: Presentation of the Comprehensive Annual Financial Report (CAFR) for the year ending September 30, 2018.
Recommended Action
None
Background Information
As required under the Florida Statute 218.39, the Comprehensive Annual Financial Report (CAFR) for fiscal year ended September 30, 2018 has been completed and audited. A copy is attached for your review.
As you are aware, the audit firm is independent of the City’s staff and reports directly to the City Commission. Wade Sansbury, a representative of the firm Mauldin & Jenkins, Certified Public Accountants, LLC, will be at the June 25, 2019 Commission meeting to present the report and answer any questions the Commission may have.
The City received an unqualified opinion. This represents the highest level of assurance that a City can receive from an independent certified public accounting firm.
The Management Letter which contains relevant information about accounting and management issues within the City of North Port can be found on page 168 of the CAFR. There are no findings or recommendations made by the auditors for the Fiscal Year ending September 30, 2018.
It should be noted that for the past 22 years, the City has received a Certificate of Achievement for Excellence in Financial Reporting presented by the Government Finance Officers Association.
As required by the Rules of the Auditor General of the State of Florida, the City must forward a copy of the financial report to the Auditor General.
Strategic Plan
Financially Responsible City Providing Quality Municipal Services
Financial Impact
None
Procurement
N/A
Attachments:
1. Comprehensive Annual Financial Report for Fiscal Year Ended September 30, 2018
Prepared by: P. Scott Skipper, CGFO, Accounting Manager
Department Director: Kimberly Ferrell, CPA, CGFO, CPM, Finance Director