ACTION REQUESTED:
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Communication from the City Manager and Finance Director/Comptroller with a REQUEST to RECEIVE and FILE the 2014 COMPREHENSIVE ANNUAL FINANCIAL REPORT (CAFR) by McGladrey LLP.
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BACKGROUND: McGladrey LLP delivered the 2014 Comprehensive Annual Financial Report (CAFR) to the City on July 13, 2015. The report continues to include all component units as required by accounting principles generally accepted in the United States.
We believe this report meets the requirements for the Governmental Finance Officers Association’s (GFOA) Certificate of Achievement for Excellence in Financial Reporting. The 2014 CAFR has been submitted to the Government Finance Officers Association for consideration for the Certificate of Achievement for Excellence in Financial Reporting. The City of Peoria’s Comprehensive Annual Financial Report has received the award for the past fourteen (14) years.
Heidi Hobkirk from McGladrey LLP will be here to present a brief presentation of the report. (Copy of the presentation attached)
Please bring the audit package delivered on July 28, 2015.
FINANCIAL IMPACT: N/A
NEIGHBORHOOD CONCERNS: N/A
IMPACT IF APPROVED: N/A
IMPACT IF DENIED: N/A
ALTERNATIVES: N/A
EEO CERTIFICATION NUMBER: 00809-151231
WHICH OF THE GOALS IDENTIFIED IN THE COUNCIL’S 2014 - 2029 STRATEGIC PLAN DOES THIS RECOMMENDATION ADVANCE?
1. Financially Sound City Government, Effective City Organization
WHICH CRITICAL SUCCESS FACTOR(S) FROM THE COMPREHENSIVE PLAN DOES THIS RECOMMENDATION IMPLEMENT?
1. Have an efficient government.
DEPARTMENT: Finance