SEPTEMBER 30, 2016 SEPTEMBER 30, 2016 COMPREHENSIVE COMPREHENSIVE

ANNUAL FINANCIAL ANNUAL FINANCIAL REPORT (CAFR) AND REPORT (CAFR) AND

AUDIT REPORT AUDIT REPORT PRESENTATIONPRESENTATION

COMPREHENSIVE ANNUAL COMPREHENSIVE ANNUAL FINANCIAL REPORT KEY FINANCIAL REPORT KEY

HIGHLIGHTSHIGHLIGHTS• Government Wide AnalysisGovernment Wide Analysis

Overall Net Position $524,538,258 Overall Net Position $524,538,258 Net Position Increase is $44,544,336 over last Net Position Increase is $44,544,336 over last

yearyearUnrestricted Net Position $88,934,709Unrestricted Net Position $88,934,709Restricted Net Position $50,099,776Restricted Net Position $50,099,776Net Investment in Capital Assets $385,503,773Net Investment in Capital Assets $385,503,773

AUDIT REPORT INTRODUCTIONAUDIT REPORT INTRODUCTION

Ingram Wallis & Co. is the City’s external auditorIngram Wallis & Co. is the City’s external auditor

Presented to Audit Committee March 21Presented to Audit Committee March 21

Audit Committee recommends Council accept the Audit Committee recommends Council accept the Comprehensive Annual Financial Report (CAFR) Comprehensive Annual Financial Report (CAFR) and the Compliance and Single Audit Reports for and the Compliance and Single Audit Reports for the Year Ended September 30, 2016the Year Ended September 30, 2016

REPORT FROM REPORT FROM INGRAM, WALLIS & INGRAM, WALLIS &

COMPANY COMPANY

FISCAL YEARFISCAL YEAR 2016 2016AUDITAUDIT

COUNCIL ACTIONCOUNCIL ACTION

Staff is requesting Council acceptance of the Staff is requesting Council acceptance of the Comprehensive Annual Financial Report (CAFR) Comprehensive Annual Financial Report (CAFR) and the Compliance and Single Audit Reports and the Compliance and Single Audit Reports for the Year Ended September 30, 2016for the Year Ended September 30, 2016