Acceptance of the 2022 City Financial and Audit Report

Original title: Accept the Annual Comprehensive Financial Report (ACFR) and the Audit Report for Fiscal Year 2022. (Finance Director)

Record date · April 25, 2023

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Public stanceCommunity reactions are separate from the official record and reporting.

What This Bill Does

The City Council is formally accepting the Annual Comprehensive Financial Report () and the independent for the 2022 . These documents provide a detailed overview of the city's financial health and accounting practices for that period.

Why it matters

This action officially acknowledges the city's financial records for 2022, confirming that the city's accounting has been reviewed by an independent auditor.

Who It Affects

Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.

Indirectly affected

City Residents

Residents are provided with transparency regarding how city funds were managed and audited during the 2022 fiscal year.

Directly affected

City Council

The Council is responsible for the formal legislative act of accepting the financial reports into the public record.

Key Facts

The City Council is formally accepting the Annual Comprehensive Financial Report (ACFR) for fiscal year 2022.
The City Council is formally accepting the independent audit report for fiscal year 2022.
The item was introduced by the Finance Director.
The file number for this legislative item is 23-204.

Show all 5 facts

The item was introduced on March 16, 2023.

Frequently Asked Questions

What is an ACFR?

An stands for Annual Comprehensive Financial Report; it is a thorough set of financial statements that provides a detailed look at a government's financial condition.

What does it mean for the Council to 'accept' these reports?

Acceptance is a formal legislative action acknowledging that the reports have been submitted and reviewed, making them part of the official public record.

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