HomeMy WebLinkAbout1998-12-16 99-41 ORDERCOUNCIL ACHON
Item No. 99-41
Date: 12-16-98
Item/Subjcd: Order, Accepting the Annual Financial Report and Management Letter for
the Fiscal year Ending June 30, 1997
Responsible Department; Finance
Commentary:
Our outside ardhom have completed the City's Annual Financial Audit and bas submitted its related
MaagemnnLeper. Representatives of the firm ofRunyou Kuwait reviewed these documents and
the results of their work with the Finance Committee at its last meaning.
Overall, the gWitrelease; that the City has managed and improved its strong finamcid position and
hes fa her Wenglhened its interval control procedures. Thin year's management letter includes nine
internal normal recommendations, down from the 23 recommendations included last yea.
City staff is pleased with FY 98 financial performance and with the progress made in frrWer
improving am financial systems. We will continue our work as the coming year to address
recommendations raised in this years mamgerem Ina.
We appreciate the cearra ed support provided by the City Council to oat efforts to maintain fiscal
strength and stability and further improve our system.
Department Read
Manager's Commands: Special thanks should go to OUT Fitmmce staff and Ron Hatlm,
Debbie Cyr, and Dave Litlefertheir had workand efforts ova the paayea. Weshouldalso
acknowledge the support of the staffoftire various City Departments in working with Council,
my office, and Finance gaff to Author improve our financial performance and accountability.
ditlxa2W
City Managm
Associated Infatuation: Order
Budget Approval:
Finance Director
Legal Approval:
. its Soticimr
passage
_First Reading Page _ of
Referral to Finance
Arigned to Coundar Blanchette December 16, 1998
CITY OF BANGOR
Aeeeptiag the Annual FbancW Repeal and
(TITLE.) Mrf:ECa ................ _._ _._. __. __.
Maungemeol Letter for the Fhral Year Eadiag done 30,19"
By 9" City Coaneil of the City of RanWa:
ORDERED,
TUT
The City's Annual Financial Report for the Fiscal Year Ending June
30, 199] is hereby accepted as is the Management Letter prepared by the City's onside Aedit
Firm of Runyon, Rirstein and OWette.
IN CITY COUNCIL
December 16, 1998
Motion for Passage Made 6 Seconded
Passed
99-41
ORDER
Title, Accepting the Annual Financial
Report and Management Letter for the
Fiscal Year Ending June 30, 1997
......................................
e4mcucwo &W
Aeeig�ed to
Enanei>man
99-41
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