HomeMy WebLinkAbout2012-02-13 12-078 ORDERCOUNCIL ACTION
Item No. 12 073
Date: 2-13-12
Item/Subject: ORDER, Accepting the City of Bangor's Comprehensive Annual Financial
Report for the Year Ended June 30, 2011
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 fourteen 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 6th.
Manager's Comments:
Associated Information: Order
Budget Approval:
Legal Approval:
Introduced for
X Passage
First Reading
Referral
Department Head
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Finance Director
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�SA ` Assigned to Councilor - Durgin February 13, 2012
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CITY OF BANGOR
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(TITLE.) Order, Accepting the City of Bangor's Comprehensive Annual
Financial Report for the Year Ended June 30, 2011
ORDERED, that the City of Bangor's Comprehensive Annual Financial Report, including
its General Purpose Financial Statements for the year ended June 30, 2011 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 13, 2012
Passed
(TITLE,) ACCFPTTNG THE CITY OF BANGOR'S
I ERIUM C'ITY/CLERK
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE YEAR ENDED JUNE 30, 2011
Assigned to Councilor DURGIN