Acceptance of the 2023 City Financial Report

Original title: MOTION - ACCEPTING THE ANNUAL COMPREHENSIVE FINANCIAL REPORT FOR FISCAL YEAR ENDING SEPTEMBER 30, 2023

Record date · April 3, 2024

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What This Bill Does

The City Commission has formally accepted the Annual Comprehensive Financial Report () for the that ended on September 30, 2023. This action acknowledges the completion of the city's yearly financial audit.

Why it matters

This resolution confirms that the city has completed its annual financial review for the 2023 , which is a standard requirement for maintaining public financial transparency and eligibility for certain state and federal grants.

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 a finalized, audited record of how city funds were managed during the 2023 fiscal year.

Directly affected

City Commission

The Commission fulfills its oversight responsibility by formally acknowledging the audit results.

Key Facts

The City Commission formally accepted the Annual Comprehensive Financial Report (ACFR).
The report covers the fiscal year ending September 30, 2023.
The motion was filed under ID 2024-075.
The motion was introduced and passed during a Regular City Commission Meeting on March 6, 2024.

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The item was processed as a 'Consent' resolution, indicating it was passed without individual debate.

Frequently Asked Questions

What is an ACFR?

An Annual Comprehensive Financial Report is a set of financial statements for a state, municipality, or other governmental entity that provides a thorough review of the entity's financial condition.

Does this motion change city taxes or spending?

No, this motion is a procedural step to accept the financial report for the previous and does not authorize new spending or tax changes.

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