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CASSELBERRY CITY COMMISSION Minutes of April 9, 2018 — Regular Meeting Page 8 of 16 The City Clerk read Resolution 18-3019 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, 2017; PROVIDING FOR CONFLICTS, SEVERABILITY AND AN EFFECTIVE DATE." Staff Presentation: City Manager Randy Newlon 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, 2017. Mr. Blend stated that his firm rendered an Unmodified Opinion that the City's financial statements for the Fiscal Year ending September 30, 2017 were in conformity with generally accepted accounting principles (GAAP) 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, 2017 which included the following components: Audit Overview Required Communications • Services and Deliverables Financial Highlights • City -Wide Analysis • General Fund • General Fund Budget • Proprietary Fund 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 really good overall results for the Fiscal Year ending September 30, 2017, 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 18- 3019. Audience Participation: No one came forward to address Resolution 18-3019. MOTION: Commissioner Solomon moved to approve Resolution 18-3019, as presented. Motion was seconded by Commissioner Aramendia. Motion carried unanimously by voice vote 5-0.