Extracted text (via pymupdf)
1313 characters
Item Number: F.1. CITY COUNCIL REPORT SUBJECT: Comprehensive Financial Report for the period of July 1, 2023 through June 30, 2024 MEETING DATE: January 28, 2025 TO: Mayor and Council FROM: Kevin Artz, Chief Financial Officer REVIEWED: Reyes Medrano Jr., City Manager PURPOSE: Presentation of the annual audit and Annual Comprehensive Financial Report for June 30, 2024. BACKGROUND: Per Arizona Revised Statute 9-481(A), each city shall have an audit performed on an annual basis. DISCUSSION: The City has contracted with Baker Tilly, LLP to perform the annual audit and compile the Annual comprehensive Annual Financial Report. The auditors have completed the audit and issued the report, dated December 18, 2024. The auditors have also completed a letter to governance, dated December 18, 2024, which is attached to this report. The audit firm will present the report to Council remotely and be available for any questions. The City received an unmodified (clean) audit opinion, and no instances of noncompliance or material weaknesses were identified. BUDGET IMPACT: N/A RECOMMENDATION: For information only, no action required. ATTACHMENTS: 1. City of Tolleson, Arizona ACFR 2. City of Tolleson - 2024 Audit Results Letter 3. Tolleson Presentation FY24