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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 m 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.