HomeMy WebLinkAboutAgenda Report - December 3, 1992 (14)OF
CITY OF LODI COUNCIL COMMUNICATION
AGENDA TITLE:
MEETING DATE:
PREPARED BY
Audit Report
December 3, 1992
City Manager
ACTION= None required. Information only.
BACKGROUND INFORMATION: For the first time zn the City s history, the City of
Lodi has received an unqualified audit opinion from
the City's auditors for the 1991-92 fiscal year.
This means that not only are the City's financial
record keeping practices in order, but that the auditor's report is submitted
to the City without qualifications or exceptions. The report was delivered
Tuesday. The City has never been able to achieve such a report - although the
record keeping practices have always been in order - because until now the City
did not have in place a fixed asset accounting system. Such a system is now in
place as a result of the efforts of Finance Director Dixon Flynn and his staff.
The Finance Director coordinated this project with major participation by the
departments of Community Development Public Works and Electric Utility.
A copy of the audit and the unqualified audit opinion has been sent to the
offices of the Government Finance Officers Association (GFOA) in Chicago.
There, an evaluation team will examine the City of Lodi's report. We are
optimistic that GFOA will then issue our City a Certificate of Excellence for
Financial Reporting which is the highest award a City can receive.
The Finance Director will be in attendance at Thursday night's meeting to
present a brief oral report on this matter. He, his staff and the staffs of
the participating departments are to be commended.
Respectfully submitted,
Thomas A. Peterson
City Manager
TAP 1br
CCCOM666/TXTA.07A
APPROVED
THOMAS A PETERSON rxruee DaDe1
City Manager