| ITEM #: 20. DATE: 01/10/2022 AI #:565 |
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CITY COUNCIL ACTION REPORT
| SUBJECT: |
| STAFF PRESENTER(S): | Jared Askelson, Deputy Finance Director |
OTHER PRESENTER(S):
Crimson Singleton/McKay Hall, HintonBurdick, PLLC
SUMMARY
Receive the Results of the Audit of the 2020-2021 Financial Statements from the Independent Auditor, HintonBurdick, PLLC.
Recommendation
Receive the Results of the Audit of the 2020-2021 Financial Statements. (Jared Askelson, Deputy Finance Director)
FISCAL IMPACT
BACKGROUND AND PREVIOUS ACTIONS
HintonBurdick, PLLC has been hired to perform audit services for the 2020-2021 fiscal year. The purpose of the audit is to provide an independent, professional opinion as to whether the city of Goodyear has fairly presented the basic financial statements, as well as supplementary information, in accordance with U.S. generally accepted accounting principles.
While staff will present the results of the Annual Comprehensive Financial Report to City Council, this item allows the independent auditor to present their findings directly to City Council and respond to any question. This item specifically satisfies the requirements of Arizona Revised Statute 9-481 that reference the auditors presenting directly to the governing body.
While staff will present the results of the Annual Comprehensive Financial Report to City Council, this item allows the independent auditor to present their findings directly to City Council and respond to any question. This item specifically satisfies the requirements of Arizona Revised Statute 9-481 that reference the auditors presenting directly to the governing body.
STAFF ANALYSIS
The Audit Committee and Finance staff have reviewed the annual audit report and found that they are in compliance with state law and city policies. They are in support of the proposed action.