City of Fayetteville
File #: 24-4303    Version: 1 Name:
Type: Other Items of Business Status: Agenda Ready
File created: 10/30/2024 In control: City Council Work Session
On agenda: 11/4/2024 Final action:
Title: Report by PBMares of the Audit and Financial Results for the Year Ended June 30, 2024
Attachments: 1. City of Fayetteville 06 30 202 Annual Comprehensive Financial Report - as issued
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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TO:                                            Mayor and Members of City Council

THRU:                      Douglas J. Hewett ICMA-CM, City Manager

 

FROM:                     Jeffrey Yates, Assistant City Manager

 

DATE:                      November 4, 2024

 

RE:

Title

Report by PBMares of the Audit and Financial Results for the Year Ended June 30, 2024                     

end

 

COUNCIL DISTRICT(S):                      

Council District(s)

All                     

 

 

b

Relationship To Strategic Plan:

GOAL V:  Financially Sound City Providing Exemplary City Services

Objective A:  Ensure strong financial management with fiduciary accountability and plan for future resource sustainability by aligning resources with City priorities.

 

Executive Summary:

The City’s audit firm, PBMares, will present the report on their audit and financial results for the fiscal year ended June 30, 2024.

 

Background: 

The City Council's audit firm, PBMares, has completed their audit for the fiscal year ended June 30, 2024.  Mr. Robbie Bittner, CPA, MBA, partner in PBMares, will present the auditor’s report and financial results.  The report and attestation results were presented to and approved by the Audit Committee on November 4, 2024.

 

A copy of the audited financial report will be made available to Council during the meeting. 

 

 

 

Issues/Analysis: 

Please refer to the FYE 2024 ACFR for a detailed accounting of the City's financial activity for the fiscal year ended June 30, 2024 and the presentation for summary information.

 

 

 

Budget Impact: 

There is no budget impact.  This item is for information only.

 

 

 

Options

1.  Receive the report.

2.  Do not receive the report.

 

 

 

Recommended Action: 

Receive the report

 

Attachments:

1.                     To be provided during the meeting - PowerPoint Presentation of the City’s Financial Results for the Fiscal Year Ended June 30, 2024

2.                     To be provided during the meeting - Required Communications by the Auditor to the City Council