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CASSELBERRY CITY COMMISSION Minutes of April 10, 2017 — Regular Meeting Page 6 of 10 A. Resolution 17-2956 — Comprehensive Annual Financial Report for Fiscal Year 2016 The City Clerk read Resolution 17-2956 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, 2016; PROVIDING FOR CONFLICTS, SEVERABILITY AND AN EFFECTIVE DATE." Staff Presentation: Finance Director Rebecca Bowman introduced Mr. Bill Blend of Moore Stephens Lovelace, P.A., the City's external auditor, who presented the Comprehensive Annual Financial Report (CAFR) for Fiscal Year ending September 30, 2016. Mr. Blend stated that his firm rendered an Unmodified Opinion that the City's financial statements for the Fiscal Year ending September 30, 2016 were in conformity with generally accepted accounting principles (GAA) and were free of material misstatements, and noted that this was the highest level of auditor opinion that could be given in a financial statement audit. He advised that the auditors had followed all the appropriate audit standards, which included government audit standards, rules of the Auditor General and the American Institute of CPA's (AICPA) audit standards. He then gave a presentation of the required auditor communications for Fiscal Year ended September 30, 2016 which included the following components: • Auditor Responsibilities • Management Responsibilities • Internal Controls and Compliance Significant matters • Management Representations • Assigned Individual for Oversight • Audit Schedule Mr. Blend also included a brief overview of the City's financial statements, reporting on the City's net assets and liabilities and the City's various fund balances. He concluded by stating that the financial statements showed good overall results for the Fiscal Year ending September 30, 2016, and 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 17- 2956. Audience Participation: No one came forward to address Resolution 17-2956. MOTION: Commissioner Solomon moved to approve Resolution 17-2956, as presented. Motion was seconded by Commissioner Meadows. Motion carried unanimously by voice vote 5-0.