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'REQUEST FOR COUNCIL ACTION Date: 07/27/98 <br /> Item Igo.: E-1 <br /> Department Approval: Manager Reviewed Agenda Section <br /> Organizational Business <br /> Item Description: Comprehensive Annual Financial Report and Audit. <br /> Background <br /> The 1 m h t r 1 Financial 1 i AFR) and audit has been completed by the <br /> City"s auditors N4MKR & Co. and it is being brought to the City Council for their review and <br /> acceptance. The CAFR includes the prepared report by staff`} which has been audited and the <br /> management report, which has been provided by the Auditor. <br /> i ions <br /> Financial Impficat' <br /> There are no financial obligations incurred by the City as a result of this Request. <br /> Council Action <br /> Motion to approve the acceptance of the 1997 Comprehensive_Annual Financial Report and audit <br />