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File #: 20-5    Version: 1
Type: Informational Report Status: Filed
File created: 1/7/2020 In control: City Council
On agenda: 1/27/2020 Final action: 1/27/2020
Title: FY 2018-19 Financial Audit of the City of Salem, Oregon Ward(s): All Wards Councilor(s): All Councilors Neighborhood(s): All Neighborhoods Result Area(s): Good Governance
Related files:

TO:                      Mayor and City Council   

THROUGH:                      Steve Powers, City Manager   

FROM:                      Robert Barron, Chief Financial Officer  

                                          

SUBJECT:

title

 

FY 2018-19 Financial Audit of the City of Salem, Oregon

 

 

Ward(s): All Wards    

Councilor(s): All Councilors    

Neighborhood(s):  All Neighborhoods    

Result Area(s): Good Governance  

end

 

ISSUE:

 

Results of the FY 2018-19 financial audit of the City of Salem, Oregon.

 

 

RECOMMENDATION:

recommendation

 

Information Only

body

 

SUMMARY:

 

The certified public accounting firm of Grove, Mueller & Swank, PC, completed the annual financial audit of the City for the fiscal year ending June 30, 2019. There were no formal findings or recommendations for improvement as a result of the audit.

Mr. Chuck Swank, CPA, presented the results of the FY 2018-19 Comprehensive Annual Financial Report (CAFR) and the FY 2018-19 Federal Grant Compliance Report to the joint meeting of the Salem City Council Finance Committee and the Urban Renewal Agency Finance Committee. As in prior years the audit is being provided to City Council for its information.

 

 

 

 

 

FACTS AND FINDINGS:

 

This was the fourth annual audit performed by Grove, Mueller & Swank, PC, pursuant to its current contract with the City. Mr. Ryan Pasquarella of Grove, Mueller & Swank, PC, managed the City’s audit engagement.

The financial reports can be found on the City’s webpage at:

<https://www.cityofsalem.net/citydocuments/comprehensive-annual-financial-report-fy-19.pdf>

 

BACKGROUND:

 

Oregon law requires an annual audit of the City’s financial statements and for the results to be presented to the governing body.

 

                     Anthony Turley     

                     Financial Reporting Manager    

 

Attachments:

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