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<br />REQUEST FOR CITY COUNCIL AGENDA ITEM <br />Appropriation <br />Agenda Date Requested: 3-9-2020 <br /> <br />Source of Funds: General Fund/Finance <br />Requested By: <br />Michael Dolby, Director of Finance <br />0016141-5155001 <br />Department: <br />Finance <br />$45,300; 0345051- <br />5225001-$5,000; <br />Report Resolution Ordinance <br /> <br />0167075-5335001- <br /> <br />$6,000; 0386030- <br />Account Number: 5655001-$5,000 <br />Exhibits: __2019 CAFR_______________________ <br /> <br />Amount Budgeted: $61,300 <br /> <br />Amount Requested: $61,300 <br />Budgeted Item: Yes No <br /> <br /> <br />SUMMARY & RECOMMENDATION <br />In accordance with the city charter, the fiscal year ending September 30, 2019 Comprehensive Annual Financial <br />Report will be presented to Council by the external auditors Whitley Penn. The audit report provides the City <br />with reasonable assurance that the financial statements are free of material misstatements. The auditors designed <br />teststhat provide evidence that the financial statements conform to the highest level of accounting standards. <br />The City of La Porte received an unmodified (clean) opinion from the auditors and no management comments <br />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-eight (38) consecutive years. <br />ACTION REQUIRED <br />Consider approval or action to accept the Fiscal Year Ending September 30, 2019 Comprehensive <br />Annual Financial Report (CAFR). <br /> <br /> <br />Approved for Fiscal Affairs Committee Agenda <br /> <br />Corby D. Alexander, City Manager Date <br /> <br /> <br />