The document summarizes the city's Comprehensive Annual Financial Report (CAFR) and audit report for fiscal year 2013-2014. It notes that the city had a net position of $445.6 million, an increase of $7 million from the previous year. The external auditor, Ingram Wallis & Co., presented the audit reports to the Audit Committee in March, which then recommended the city council accept the reports and CAFR. The city council accepted the reports and CAFR.