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MO 1996-056 to 1996-058
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MO 1996-056 to 1996-058
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Minute Order
Document Date (6)
12/31/1996
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i <br />CITY OF SAN LEANDRO <br />STAFF REPORT <br />DATE: November 18, 1996 <br />TO: Wandzia Grycz, Interim City Manager via <br />John Jermanis, Interim Assistant City Manager/ <br />Finance Director <br />FROM: Joseph J Arch, Assistant Finance Director C)!% <br />SUBJECT: 1995/96 Comprehensive Annual Financial Report <br />SUMMARY AND RECOMMENDATION <br />APPROVED AND FORWARDED <br />TO CITY COUNCIL <br />Wandzia c <br />Interim Ci <br />Attached is the Comprehensive Annual Financial Report (CAFR) for the fiscal year 1995/96. We are pleased <br />to inform you that the City has received a clean bill of health on this report from the audit firm of Caporicci <br />and Larson, Certified Public Accountants. <br />The report will be submitted to the City Council at its December 2, 1996 meeting for acceptance. <br />DISCUSSION <br />The Finance Department's goal for external financial reporting is to deliver to you and the City Council an <br />award winning and understandable financial report each year. This report has been submitted for a Certificate <br />of Achievement for Excellence in Financial Reporting award from the Governmental Finance Officers <br />Association (GFOA) and the California Municipal Finance Officers Association (CSMFO) to determine its <br />eligibility for these certificates. <br />The report includes information at both a consolidated (combined) and individual fund (combining) level to <br />provide the reader with additional information on the City's operations and the way it reports certain <br />activities. Issuance of an expanded CAFR, which includes the statistical section, qualifies the City to submit <br />the report for award, which can lead to a higher bond rating for future debt financing and increase public <br />awareness of City finances. <br />CONCLUSION <br />I would like to take this opportunity to acknowledge both Finance Department staff and Caporicci and <br />Larson, Certified Public Accountants, for their efforts towards the preparation of these reports. <br />11 <br />
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