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HomeMy WebLinkAbout3.5 CAFR Cert of Achievement STAFF REPORT CITY CLERK File #310-30 CITY COUNCIL DATE:August 20, 2013 TO: Honorable Mayor and City Councilmembers FROM: Joni Pattillo, City Manager SUBJECT: Certificate of Achievement for Excellence in Financial Reporting, FY 2011-12 Comprehensive Annual Financial Reports (CAFRs) Prepared by Colleen Tribby, Director of Administrative Services EXECUTIVE SUMMARY: The City Council will acknowledge the City’s award of the Certificate of Achievement for Excellence in Financial Reporting for its CAFR for fiscal year 2011-12. FINANCIAL IMPACT: None. RECOMMENDATION: Staff recommends that the City Council receive the Certificate of Achievement for Excellence in Financial Reporting. Submitted By Reviewed By Administrative Services Director Assistant City Manager DESCRIPTION: Comprehensive Annual Financial Reports (CAFRs) are produced to provide the City Council, City staff, and the general public with useful information about the City’s operations and financial position. The reports are prepared in accordance with Generally Accepted Accounting Principles (GAAP), and are reviewed rigorously by an outside auditor for accuracy, completeness, and fairness in the way data is presented. The City of Dublin was recently notified that it has been awarded the Certificate of Achievement nd for Excellence in Financial Reporting for its CAFR for fiscal year 2011-12. This is the 22 consecutive year that the City has been acknowledged with this prestigious award, the highest form of recognition in the area of governmental accounting and finance. This is a testament to the City’s ongoing commitment to excellence and transparency in financial reporting. ITEM NO. 3.5 Page 1 of 2 NOTICING REQUIREMENTS/PUBLIC OUTREACH: None. ATTACHMENTS: None. Page 2 of 2