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2025/01/18 Council Agenda Packet
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2025/01/18 Council Agenda Packet
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1/21/2025 8:50:07 AM
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Council Agenda Packet
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1/18/2025
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Other Financial Management Topics <br />•Reporting <br />•Annualfinancialreporting – the city alreadycreatesa“ACFR” <br />•This isa GFOA best practice and typical for larger, complex cities <br />•Council’s rolein the annualaudit <br />Participateinthe“pre-conference”andthe“post-conference” <br />Audit Committee (review of vouchers as required by state law) <br />•Interim financial reports <br />•Councilcurrently gets verygood interimfinancialreports <br />Consider publishing these more broadly <br />•Consider specificapproaches, such as: <br />A review ofthe audit report at a public meeting <br />A mid-yearcheck-inonthe current budgetperformance and expectations for next year <br />11
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