Council accepted the Fiscal Year 2011-2012 Comprehensive Annual Financial Report (CAFR) at the meeting on March 26. The report provides detailed information concerning the financial position and activities of the City. The report also includes the results from an annual independent audit.
The City received an unqualified opinion or “clean audit” from Weaver and Tidwell, L.L.P. In addition to the audit results, the firm also prepares a report on internal control over financial reporting that relates to financial and accounting controls. For the fourth consecutive year, there were no reportable items.