HomeMy WebLinkAbout2011-02-28 11-093 ORDERItem No, It 993
Date: February 28, 2011
Item/Subject: Order, Accepting the City of Bongoes Comprefiensive Annual Financial Reportfor
the Year Ended lune 30, 2010
Responsible Department: Fnance
The attached Order accepts the City's Comprehensive Annual Financial Report (CAR) including
Its General Purpose Financial Statements and the Independent Auditor's unqualified opinion as
prepared by Runyon Kersteen Ouelette 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 finings, the City received an unqualified opinion
that the financial statements are fairly stated in all material respects. Addifonally, no material
weaknesses have been Idenfified related to the City's internal controls.
For the past thirteen years, Me City has been awarded the Government France Officers
Associations (GFJA) Certificate of Achievement for Excellence In Financial Reporting. As such,
this CAFR has been submitted M GFOA for their consideration.
At this time staff and the Manager recommend approval. The Finance Committee met with the
Ci's auditors and reviewed the report and Its accompanying management letter on February
22 .
Department Read
Manager's Comments:
City Manager
As asclated Information: Order
Budget Approval
Finance Director
N
X Passage
_ First Reading Page _ of _
Referral
2k 033
}� 9J Assigned to Councilor Brunson FeLnury 28, 2011
I CITY OF BANGOR
(TITLE.) Order, Accepting the City of Bangor's Comprehensive Annual Financial
Report for the year Ended June 30, 2010
By the Cry Council of the Cry 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, 2010 as prepared
by City Finance staff and the Independent Auditor's Report thereon, prepared by
Runyon Kersteen Ouellette, is hereby accepted in its entirety.
rM cITY wmcn _
Febrn ry 28, 2011
MUM Made a Seconded for Passage
Pae ed „sass
CITY PBC
LGE Lbg
r Ende4 Jwe 3 2010