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HomeMy WebLinkAbout2020-03-09 20-089 Order 03/09/202020-089 03/09/2020 20-089 Finance Order N/A Title, Order Accepting the City of Bangor's Comprehensive Annual Financial Report for the Year Ended June 30, 2019 This order accepts the City's Comprehensive Annual Financial Report (CAFR) including its General Purpose Financial Statements and the Independent Auditor's unqualified opinion as prepared by Runyon Kersteen Ouellette of South Portland, Maine. For over twenty years, the City has been awarded the Government Finance Officers Association (GFOA) Certificate of Achievement for Excellence in Financial Reporting. This CAFR has been submitted to GFOA for their consideration. The Finance Committee met with the City's auditors and reviewed various reports on March 2, 2020 and recommends acceptance of this item. This item meets the Council goal of ensuring management and financial stability through the utilization of best practices. Finance Committee 03/02/2020 Recommend for passage 50 Consent 03/09/202020-089 CITY OF BANGOR ORDER 03/09/2020 20-089 Hawes Accepting the City of Bangor's Comprehensive Annual Financial Report for the Year Ended June 30, 2019 Be it Ordered by the City Council of the City of Bangor that, he City of Bangor's Comprehensive Annual Financial Report, including its General Purpose Financial Statements for the year ended June 30, 2019 as prepared by City staff and the Independent Auditor's Report thereon, prepared by Runyon Kersteen Ouellette, is hereby accepted in its entirety. IN CITY COUNCIL MARCH 9 2020 CO 20-089 PASSED CITY CLE