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REQUEST FOR CITY COUNCILAGENDA ITEM <br />Appropriation <br />Agenda Date Requested:March 22, 2021 <br />Source of Funds:General Fund/Finance <br />Requested By:Michael Dolby, Director <br />0016141-5155001 <br />Department:Finance <br />$52,500; 0345051- <br />5225001-$5,000; <br />ReportResolutionOrdinance <br />0167075-5335001- <br />$6,000; 0386030- <br />Account Number:5655001-$5,000 <br />Exhibits:Fiscal YearEnding September 30, <br />2020AnnualComprehensive Financial Report <br />Amount Budgeted:$68,500 <br />Amount Requested:$68,500 <br />Budgeted Item:YesNo <br />SUMMARY & RECOMMENDATION <br />In accordance with the City of La Porte City Charter, the fiscal year ending September <br />30, 2020 Annual Comprehensive Financial Report will be presented toCityCouncil by <br />the external auditors Whitley Penn. The audit report provides the City with reasonable <br />assurance that the financial statements are free of material misstatements.The <br />auditors designed tests that provide evidence that the financial statements conform to <br />the highest level of accounting standards. The City received an unmodified (clean) <br />opinion from the auditors and no management comments or deficiencies in internal <br />control were identified. <br />Annually, the City submits the Annual Comprehensive Financial Report to the <br />Government Finance Officers Association for entry in the award program for excellence <br />in financial report. The City of La Porte has won the Award for Excellence in Financial <br />Reporting from the Government Finance Officers Association for 39 consecutive years. <br />ACTION REQUIREDBY CITY COUNCIL <br />Acceptthe Fiscal Year Ending September 30, 2020Annual Comprehensive <br />Financial Report. <br />Approved for the City Council meeting agenda <br /> <br />