HomeMy WebLinkAbout0003_1_Financial Reports 2015-16 - SRREPORT TO CITY COUNCIL
To:Honorable Mayor and Members of the City Council
From:Grant Yates, City Manager
Prepared by:Nancy Lassey, Finance Administrator
Approved by:Jason Simpson, Assistant City Manager
Date:January 24, 2017
Subject:Annual Financial Reports for the Fiscal Year Ended June 30, 2016
Recommendation
Receive and file the Comprehensive Annual Financial Report for the Fiscal Year Ended June 30,
2016 and related year end reports.
Background and Discussion
The Comprehensive Annual Financial Report (CAFR) is the summarization of the City’s financial
activity for the previous fiscal year ending June 30, 2016. The report includes summarization of
significant milestones that were accomplished during the year by department, fiscal policies,
and statistical information.
Also included, please find copies of the Auditor’s SAS 114 Conclusion Letter, the Auditor’s
Appropriations Report, and the Auditor’s Internal Control Report. The Financial Statements for
the City’s Component Units Lake Elsinore Public Finance Authority and Lake Elsinore
Recreation Authority are included as well.
Fiscal Impact
No fiscal impact.
Exhibits
A: City’s CAFR for the Fiscal Year Ended June 30, 2016
B: Auditor’s SAS 114 Conclusion Letter
C: Auditor’s Appropriation Limit Report
D: Auditor’s Internal Control Report
E: Financial Statements for the Lake Elsinore Public Finance Authority
F: Financial Statements for the Lake Elsinore Recreation Authority