HomeMy WebLinkAbout1998-01-12 98-89 ORDERCumsxc ACTION
rate: 1-12-98 lease No 98-89
hemp Subjeatt ORDER accepting the Cwpreheneive Annual Financial ReporC,
including the independent auditor's report on the general purpose financial
statement$ for the year ended June 30, 1997
Remponsible DapartAemt: Finance
Ccmentaryt The attached order officially accepts the city's CAPE. The
document has been presented to the Finance Committee.
This is out first such document, whim includes the audited general purpose
financial that you are accustommad to Seeing, and expande the
infornetion presented to give the financial statetenta more depth, aid in
their interpretation, aM help you and ocher citizens identify the issues
inherent in the City's financial operations.
The document has also been submitted to the wovaxM9nt Finance Officers
Association for first time consideration for their Certificate of achiawmevt
for Excellence in Financial Reporting. The certificate, which is awarded to
those governments which " .achieve the highest standards in government
accounting and financial reporting", constitutes recognition of a government's
ability to maitcr and menage its resources, particularly those of a financial
nature.
I'd like to extend my thanks to Debbie Cyr and Dave Little for their diligent
work on this dccumnt. In turn, Debbie, Deve and I would like to tlaak the
Council and Ed Barrett for your support in allowing us to "take the next
step", to further develop and demonstrate what we feel are our department's
considerable Capabilities.
Budget Approval
F C8 DIRFCiVR
Legal App[eval:
CITY SOLICITOR
Introduced For
a passage
Piet Reading Pege_of_
Referral to Finance Committee
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Aesignedlo Coundor Leen Janoary 11, 1998
a _pp CITY OF BANGOR
(TITLE.) sdlrba Aeceptng the Comprehensive Annual Financial ReportIncluding
Independent Auddoes Report on The General Purpose Financial Statements of the City of
Bangor, Maine for the Year Ended June 30,1997
BY the City CoanaH ef1Ae MY OfA"Voe:
ORDERED,
THAT the Comprebemaive Annual Financial Report including the
Independent AuditnYs Report prepared by Ranyon Rersteen Ouellette of(he General Purpose
Financial Statements of the City of Bangor, Maims for the Year Ended Jane 30, 1997 is accepted.
IN CITY COUNCIL
January 12, 1998
Passed
90-89
ORDER
T CLE
Title, Accepting the Comprehensive Annual
Financial Report Including Independent
Auditor's Report on the General Purpose
P(pantial 5[at¢mante of [h¢ C1Cy D£ manger,
Naive for the Year Ended June 30, 1997
......................................
Nouc(G f�
IT)^ LAe'eiagnleadb�
........YUV .:.Y ............
Councilmen.