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HomeMy WebLinkAboutSummary FormFILE ID: AGENDA ITEM SUMMARY FORM 14-00368 Date: 04/3/2013 Commission Meeting Date: 05/08/2014 Requesting Department: Finance District Impacted: All Type: Resolution j I Ordinance Emergency Ordinance Discussion Item ❑ Other Subject: Financial Statement Presentation by the External Auditors for the year ended September 30, 2013 Purpose of Item: Law Department Matter ID No. Present the City's Comprehensive Annual Financial Report, Single Audit Report and Management Letter, and discuss the findings and recommendations of the external audit in accordance with the Financial Integrity Principles of the City of Miami. Presentations will be made by the City's Finance Department and the City's independent auditor, Ernst & Young. Background Information: The City's independent audit firm, Ernst & Young, has completed the City's financial statement audit for fiscal year ending September 30, 2013. Based on the audit performed, Ernst & Young issued an unmodified audit opinion on the City's Comprehensive Annual Financial Report (CAFR). An unmodified opinion is commonly referred to as a "clean" opinion. Budget Impact Analysis NO Is this item related to revenue? NO Is this item an expenditure? If so, please identify funding source below. General Account No: Special Revenue Account No: CIP Project No: NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds? Start Up Capital Cost: Maintenance Cost: Total Fiscal Impact: CIP If using or receiving capital funds Grants Final Approvals (SIGN AND DATE) Budg Risk Management Purchasing Dept. Director Chief City Manager Page 1 of 1