D | Consideration and Approval of Audited Financial Reports: Year ending June 30, 2022 | ||||||
Finance Director Brandi Suda thanked the Finance Team and Grants and Contracts Team for their assistance in preparing for the audit. The Audit Committee met and reviewed the financial reports and approved the acceptance of the Annual Comprehensive Financial Report and Single Audits. Ms. Suda then introduced the City’s Auditor Ann Fang with Clifton, Larson, and Allen who provided a PowerPoint presentation that covered the following: JUNE 30, 2022 AUDIT SUMMARY ANNUAL COMPREHENSIVE FINANCIAL REPORT (ACFR) ACFR SINGLE AUDIT SINGLE AUDIT REPORT PASSENGER FACILITY CHARGE (PFC) AUDIT HIGHWAY USER REVENUE FIND (HURF) AGREED UPON PROCEDURES GASB PRONOUNCEMENTS IMPLEMENTED IN 2022 Council thanked Ms. Suda and Ms. Fang for the presentation. |
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Moved by Councilmember Jim McCarthy, seconded by Councilmember Khara House to approve the FY 2021-2022 Annual Comprehensive Financial Report and the FY 2021-2022 Single Audit Report. | |||||||
Vote: 4 - 0 - Unanimously | |||||||