Comprehensive Annual Financial Report (CAFR) and Audit Report

1. AUDIT REPORTAUDIT REPORT
COMPREHENSIVE ANNUALCOMPREHENSIVE ANNUAL
FINANCIAL REPORT (CAFR)FINANCIAL REPORT (CAFR)
FOR THE FISCAL YEAR ENDEDFOR THE FISCAL YEAR ENDED
SEPTEMBER 30, 2017SEPTEMBER 30, 2017

2. COMPREHENSIVE ANNUAL FINANCIALCOMPREHENSIVE ANNUAL FINANCIAL
REPORT KEY HIGHLIGHTSREPORT KEY HIGHLIGHTS
Line Item Amount
Increase
(Decrease)
from FY16
Overall Net Position $569,605,505 $45,067,247
Unrestricted Net Position $114,249,138 $25,314,429
Restricted Net Position $41,114,554 ($8,985,222)
Net Investment In Capital Assets $414,241,813 $28,738,040
GOVERNMENT WIDE SUMMARYGOVERNMENT WIDE SUMMARY

3. AUDIT REPORTAUDIT REPORT
INTRODUCTIONINTRODUCTION
Ingram Wallis & Co. is the City’s external auditorIngram Wallis & Co. is the City’s external auditor
Work completed on February 19, 2018Work completed on February 19, 2018
Work consists of the following documents:Work consists of the following documents:
 Comprehensive Annual Financial Report (CAFR)Comprehensive Annual Financial Report (CAFR)
Compliance and Single Audit ReportsCompliance and Single Audit Reports
Staff recommends Council acceptanceStaff recommends Council acceptance

4. INGRAM, WALLIS &INGRAM, WALLIS &
COMPANYCOMPANY
FISCAL YEARFISCAL YEAR
20172017
AUDITAUDIT
REPORT FROM AUDITORSREPORT FROM AUDITORS

5. COUNCIL ACTIONCOUNCIL ACTION
Staff is requesting Council acceptance of the followingStaff is requesting Council acceptance of the following
documents for the year ended September 30, 2017 asdocuments for the year ended September 30, 2017 as
presented:presented:
Comprehensive Annual Financial Report (CAFR)Comprehensive Annual Financial Report (CAFR)
Compliance and Single Audit ReportsCompliance and Single Audit Reports

6. COUNCIL ACTIONCOUNCIL ACTION
Staff is requesting Council acceptance of the followingStaff is requesting Council acceptance of the following
documents for the year ended September 30, 2017 asdocuments for the year ended September 30, 2017 as
presented:presented:
Comprehensive Annual Financial Report (CAFR)Comprehensive Annual Financial Report (CAFR)
Compliance and Single Audit ReportsCompliance and Single Audit Reports