Resolution - Finance: Consider a resolution accepting the City of Lubbock Annual Comprehensive Financial Report (ACFR) for Fiscal Year ended September 30, 2022.
Item Summary
Each year, the Accounting Department prepares an Annual Comprehensive Financial Report (ACFR) designed to provide the City Council, citizens, representatives of financial institutions, and others, with detailed information concerning the financial condition and performance of the City of Lubbock. As a significant component of the preparation of the ACFR, an independent audit of the City's general-purpose financial statements and notes is completed. The final audit opinion is included within the ACFR, which has been provided separately.
The Audit Committee accepted the ACFR at their meeting on February 13, 2023.