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REQUEST FOR CITY COUNCIL AGENDA ITEM <br />Agenda Date Requested: March 1 1 .2019 <br />Requested By: Michael Dolby, Director of Finance <br />Department: FINANCE <br />Report xx Resolution: Ordinance: <br />Exhibits: <br />Exhibits: <br />Amount Budgeted <br />Source of Funds: General Fund/Finance <br />Account Number: 6141-5001 <br />Amount Budgeted $66,100 <br />Amount Requested: $66,100 <br />Budgeted Item: YES NO <br />SUMMARY & RECOMMENDATION <br />In accordance with the City Charter, the fiscal year ending September 30, 2018, Comprehensive Annual <br />Financial Report (CAFR) will be presented to Council by the external auditors Whitley Penn. The audit report <br />provides the City with reasonable assurance that the financial statements are free of material misstatements. The <br />auditors designed tests that provide evidence that the financial statements conform to the highest level of <br />accounting standards. The City of La Porte received an unmodified (clean) opinion from the auditors and no <br />management comments or deficiencies in internal control were identified. <br />The City of La Porte has won the Award for Excellence in Financial Reporting from the Government Finance <br />Officers Association for thirty-seven (37) consecutive years. <br />Action Required by Council: <br />Consider approval or action to accept the Fiscal Year Ending September 30, 2018, Comprehensive Annual <br />Financial Report (CAFR). <br />Approved for City Council Agenda <br />Corby Alexander, City Manager <br />Date <br />