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CASSELBERRY CITY COMMISSION Minutes of April 9, 2012 — Regular Meeting Page 8 of 21 (l) 305- 0000 - 331.10 -00 Federal Grants $207,449 (1) 305- 0710 - 541.63 -43 Roadway Improvements $207,449 (2) 110 - 0000 - 331.10 -00 ARRA Grant $ 9,396 (3) 305- 0000 - 331.10 -00 Federal Grants $ 54,675 Recommendation: The Interim City Manager and the Interim Finance Director recommended approval of Budget Amendment # 12 -046. MOTION: Vice Mayor Hufford moved to approve the Consent Agenda, as presented. Motion was seconded by Commissioner Solomon. Motion carried unanimously by voice vote 5 — 0. No items were scheduled on this agenda. No items were scheduled on this agenda. [it �1i11 Y CI7►T A. Resolution 12 -2364 — Comprehensive Annual Financial Report for Fiscal Year 2011 The City Clerk read Resolution 12 -2364 by title as follows: "A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF CASSELBERRY, FLORIDA, ACCEPTING THE COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR FISCAL YEAR ENDING SEPTEMBER 30, 2011; PROVIDING FOR CONFLICTS, SEVERABILITY AND AN EFFECTIVE DATE." Presentation: Interim Finance Director Rebecca Bowman, and Mr. Bill Blend and Mr. Joel Knopp, CPA's with Moore Stephens Lovelace, PA, the City External Auditor, presented the Comprehensive Annual Financial Report (CAFR) for Fiscal Year ending September 30, 2011. Mr. Blend stated that his firm rendered an unqualified opinion that the City's financial statements for the Fiscal Year ending September 30, 2011 were in conformity with generally accepted accounting principles (GAA) and were flee of material misstatements. He commended staff for their cooperation throughout the audit. Mr. Knopp presented a brief overview of the City's financial statements, reporting on the City's net assets and liabilities, and on the City's various fiend balances. He concluded by stating that the financial statements showed good overall results for the Fiscal Year ending September 30, 2011, and expressed appreciation to staff