HomeMy WebLinkAbout2013-02-25 13-088 ORDERCOUNCIL ACTION
Item No. 13-088
Date: 2-25-12
Item/Subject: ORDER, Accepting the City of Bangor's Comprehensive Annual Financial
Report for the Year Ended June 30, 2012
Responsible Department: Finance
Commentary:
The attached 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.
In accordance with State law, the City prepares this annual financial statement through an
independent audit firm. Based upon the audit findings, the City received an unqualified opinion
that the financial statements are fairly stated in all material respects. Additionally, no material
weaknesses have been identified related to the City's internal controls.
For the past fifteen years, the City has been awarded the Government Finance Officers
Associations (GFOA) Certificate of Achievement for Excellence in Financial Reporting. As such,
this CAFR has been submitted to GFOA for their consideration.
At this time staff and the Manager recommend approval. The Finance Committee met with the
City's auditors and reviewed the various reports on February 20tH
epartment Head
Manager's Comments:
C � c,Cv
City Manager
Associated Information: Order
Budget Approval:
Finance Director
Legal Approval:
City Solicitor
Introduced for
X Passage
First Reading Page _ of _
Referral
13-088
FEBRUARY 25, 2013
Assigned to Councilor Blanchette
CITY OF BANGOR
*4 11 FF' r
(TITLE.) Order, Accepting the City of Bangor's Comprehensive Annual
Financial Report for the Year Ended June 30, 2012
By the OW Council of the OW of Bangor:
ORDERED, that the City of Bangor's Comprehensive Annual Financial Report, including
its General Purpose Financial Statements for the year ended June 30, 2012 as prepared
by City Finance staff and the Independent Auditor's Report thereon, prepared by
Runyon Kersteen Ouellette, is hereby accepted in its entirety.
IN CITY COUNCIL
February 25, 2013
Passed
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