Title
City of Gainesville Fiscal Year 2018 Comprehensive Annual Financial Report, Audited Financial Statements, Auditors' Reports, Auditors' Management Letters and Single Audit Reports (B)
Explanation
In accordance with the City's contracts for external auditing services with Purvis Gray & Company, LLC the following reports are presented for review by the Audit and Finance Committee:
The Basic Financial Statements, Supplemental Information and Independent Auditors' Report, Management Letters, Reports on Compliance, and Single Audit Reports of the City of Gainesville, Florida as of and for the fiscal year then ended September 30, 2018; which are presented in the attached Comprehensive Annual Financial Report.
In the opinion of the independent auditors, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities, each major fund, and the aggregate discreetly presented component unit and remaining fund information of the City as of September 30, 2018, and the respective changes in financial position, and where applicable, cash flows thereof for the year then ended in accordance with accounting principles generally accepted in the United States of America.
Recommendation:
The City Auditor recommends that the Audit and Finance Committee accept the subject financial reports, financial statements, auditors' reports, single audit reports, auditor’s communication to those charged with governance and management, and management’s representations.