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CASSELBERRY CITY COMMISSION Minutes of April 11, 2016— Regular Meeting Page 4 of 10 9. RESOLUTIONS A. Resolution 16 -2845 — Comprehensive Annual Financial Report for Fiscal Year 2015 The City Clerk read Resolution 16 -2845 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, 2015; PROVIDING FOR CONFLICTS, SEVERABILITY, AND AN EFFECTIVE DATE." Staff Presentation: Finance Director Rebecca Bowman and Mr. William Blend of Moore, Stephens, Lovelace, P.A., the City External Auditor, presented the Comprehensive Annual Financial Report (CAFR) for Fiscal Year ending September 30, 2015. Ms. Bowman advised that the Auditors had rendered an unmodified opinion that the City's financial statements for the Fiscal Year ending September 30, 2015 were in conformity with generally accepted accounting principles (GAAP) and were free of material misstatements. Mr. Blend provided the Commission with required communications regarding the Auditor's responsibilities, procedures and schedule, and then 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 fund balances. He advised that the City had received an Unmodified Opinion on the Audit Report which was the highest level of assurance the City could receive on its financial statements. He then concluded by stating that no material weaknesses or significant deficiencies had been identified and the financial statements showed good overall results for the Fiscal Year ending September 30, 2015. He expressed appreciation to staff for their cooperation throughout the audit. Budget Impact: There is no impact to the City Budget. Recommendation: The City Manager and the Finance Director recommended approval of Resolution 16- 2845. Audience Participation: No one came forward to address Resolution 16 -2845. MOTION: Commissioner Aramendia moved to approve Resolution 16 -2845, as presented. Motion was seconded by Commissioner Solomon. Motion carried unanimously by voice vote 5 -0. 10. FIRST READING OF ORDINANCES No items were presented for consideration on this agenda.